Landscape Capital Management L.L.C. Buys 5,467 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Landscape Capital Management L.L.C. grew its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 27.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,740 shares of the wireless technology company's stock after buying an additional 5,467 shares during the period. Landscape Capital Management L.L.C.'s holdings in QUALCOMM were worth $3,954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in QCOM. Kohmann Bosshard Financial Services LLC bought a new stake in QUALCOMM during the 4th quarter worth about $26,000. CKW Financial Group acquired a new stake in shares of QUALCOMM during the 4th quarter worth approximately $27,000. Centricity Wealth Management LLC bought a new stake in shares of QUALCOMM during the fourth quarter worth approximately $29,000. CoreFirst Bank & Trust acquired a new position in QUALCOMM in the fourth quarter valued at approximately $33,000. Finally, Synergy Asset Management LLC bought a new position in QUALCOMM in the fourth quarter valued at approximately $38,000. Institutional investors own 74.35% of the company's stock.

Insiders Place Their Bets

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the transaction, the insider now directly owns 20,762 shares of the company's stock, valued at $3,526,010.46. This represents a 48.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction on Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the sale, the chief accounting officer now directly owns 461 shares of the company's stock, valued at $80,596.63. This represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,968 shares of company stock worth $4,685,077 over the last three months. Insiders own 0.08% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Mizuho dropped their target price on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Melius Research started coverage on QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 target price on the stock. Barclays decreased their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Evercore ISI cut their price target on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Finally, Rosenblatt Securities restated a "buy" rating and set a $250.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. 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 given a strong buy rating to the stock. According to data from MarketBeat, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.32.

QUALCOMM Stock Down 8.6 %

Shares of NASDAQ:QCOM traded down $11.96 during midday trading on Friday, reaching $127.46. The company had a trading volume of 19,007,907 shares, compared to its average volume of 8,671,956. QUALCOMM Incorporated has a 1-year low of $125.51 and a 1-year high of $230.63. The stock has a market cap of $140.97 billion, a PE ratio of 13.62, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The business's 50 day moving average price is $161.74 and its 200 day moving average price is $163.13.

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

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a $0.85 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.67%. QUALCOMM's dividend payout ratio is currently 36.32%.

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.