Pacer Advisors Inc. Acquires 289,801 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Pacer Advisors Inc. lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 9.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,481,143 shares of the wireless technology company's stock after buying an additional 289,801 shares during the period. QUALCOMM makes up 1.2% of Pacer Advisors Inc.'s holdings, making the stock its 10th largest position. Pacer Advisors Inc. owned about 0.31% of QUALCOMM worth $534,773,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of QUALCOMM during the second quarter worth $896,000. Kathmere Capital Management LLC purchased a new position in QUALCOMM in the 2nd quarter worth about $295,000. Ascent Group LLC raised its holdings in QUALCOMM by 13.4% during the 2nd quarter. Ascent Group LLC now owns 2,829 shares of the wireless technology company's stock worth $564,000 after buying an additional 335 shares during the period. Full Sail Capital LLC lifted its stake in QUALCOMM by 24.1% during the second quarter. Full Sail Capital LLC now owns 1,731 shares of the wireless technology company's stock valued at $345,000 after buying an additional 336 shares in the last quarter. Finally, Aviso Wealth Management boosted its holdings in shares of QUALCOMM by 844.7% in the second quarter. Aviso Wealth Management now owns 1,247 shares of the wireless technology company's stock worth $248,000 after buying an additional 1,115 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Performance

QUALCOMM stock traded down $0.93 during mid-day trading on Monday, reaching $171.18. The company had a trading volume of 15,614,980 shares, compared to its average volume of 7,635,279. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The firm has a market cap of $190.18 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.84 and a beta of 1.25. The company has a 50 day moving average of $159.49 and a 200-day moving average of $167.27. QUALCOMM Incorporated has a 52 week low of $139.26 and a 52 week high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The business had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $9.90 billion. On average, sell-side analysts expect that QUALCOMM Incorporated will post 9.14 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's dividend payout ratio is presently 37.82%.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 1,304 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares of the company's stock, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the transaction, the general counsel now owns 19,739 shares of the company's stock, valued at approximately $3,121,130.68. This represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,882 shares of company stock worth $4,314,649. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on QCOM. Melius Research started coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 price objective for the company. Morgan Stanley decreased their target price on QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price target on QUALCOMM from $210.00 to $195.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Barclays lowered their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, Evercore ISI increased their price target on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.57.

About QUALCOMM

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.