IPG Investment Advisors LLC Acquires 25,442 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

IPG Investment Advisors LLC grew its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 82.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,177 shares of the wireless technology company's stock after purchasing an additional 25,442 shares during the quarter. QUALCOMM makes up 2.0% of IPG Investment Advisors LLC's holdings, making the stock its 15th biggest holding. IPG Investment Advisors LLC's holdings in QUALCOMM were worth $8,630,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of QCOM. Kohmann Bosshard Financial Services LLC bought a new stake in QUALCOMM in the 4th quarter worth approximately $26,000. CKW Financial Group purchased a new position in QUALCOMM during the fourth quarter valued at approximately $27,000. Centricity Wealth Management LLC purchased a new position in shares of QUALCOMM during the fourth quarter valued at about $29,000. CoreFirst Bank & Trust purchased a new position in shares of QUALCOMM during the 4th quarter worth about $33,000. Finally, Synergy Asset Management LLC bought a new stake in shares of QUALCOMM in the fourth quarter valued at about $38,000. 74.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 target price on shares of QUALCOMM in a report on Thursday, February 6th. Melius initiated coverage on QUALCOMM in a research note on Monday, December 9th. They set a "hold" rating and a $180.00 price objective on the stock. Cantor Fitzgerald reissued a "neutral" rating and issued a $160.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. Finally, Barclays reduced their price target on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $205.32.

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Insider Buying and Selling

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total transaction of $246,784.00. Following the sale, the insider now directly owns 24,393 shares in the company, valued at approximately $3,762,376.32. The trade was a 6.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexander H. Rogers sold 19,287 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the transaction, the insider now owns 20,762 shares of the company's stock, valued at $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,968 shares of company stock worth $4,685,077. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

Shares of QCOM stock traded up $0.89 on Monday, reaching $153.61. The stock had a trading volume of 8,610,780 shares, compared to its average volume of 8,605,370. The stock has a market cap of $169.89 billion, a P/E ratio of 16.41, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. QUALCOMM Incorporated has a 1 year low of $147.99 and a 1 year high of $230.63. The company has a 50 day simple moving average of $164.16 and a 200 day simple moving average of $163.82.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. Equities research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is currently 36.32%.

QUALCOMM Company Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.