Woodstock Corp Has $7.55 Million Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Woodstock Corp cut its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,130 shares of the wireless technology company's stock after selling 1,693 shares during the quarter. Woodstock Corp's holdings in QUALCOMM were worth $7,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. HWG Holdings LP bought a new position in QUALCOMM in the 2nd quarter valued at about $30,000. Reston Wealth Management LLC bought a new position in shares of QUALCOMM in the third quarter valued at approximately $26,000. Planning Capital Management Corp raised its holdings in QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock worth $34,000 after purchasing an additional 114 shares in the last quarter. Hershey Financial Advisers LLC acquired a new stake in QUALCOMM in the second quarter worth approximately $42,000. Finally, Accordant Advisory Group Inc bought a new position in QUALCOMM during the 3rd quarter valued at $36,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

QCOM has been the subject of several research reports. Barclays decreased their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research note on Friday. Sanford C. Bernstein lifted their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Citigroup cut their target price on shares of QUALCOMM from $200.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, October 16th. Evercore ISI lifted 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. Finally, Benchmark reissued a "buy" rating and set a $240.00 price objective on shares of QUALCOMM in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.57.

Insider Activity

In related news, General Counsel Ann C. Chaplin sold 2,587 shares of the company's stock in a transaction dated Monday, December 16th. The shares were 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 in the company, valued at $3,121,130.68. This represents a 11.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,882 shares of company stock valued at $4,314,649. Insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

Shares of QUALCOMM stock traded up $3.13 on Friday, reaching $164.56. The stock had a trading volume of 7,926,481 shares, compared to its average volume of 6,943,344. QUALCOMM Incorporated has a fifty-two week low of $139.26 and a fifty-two week high of $230.63. The business's 50-day moving average price is $158.98 and its two-hundred day moving average price is $169.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The stock has a market cap of $182.83 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.25. The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. On average, sell-side analysts forecast that QUALCOMM Incorporated will post 9.09 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. QUALCOMM's payout ratio is 37.82%.

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.