QUALCOMM Incorporated (NASDAQ:QCOM) Position Raised by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 168,162 shares of the wireless technology company's stock after buying an additional 2,826 shares during the quarter. QUALCOMM comprises 3.5% of Greatmark Investment Partners Inc.'s investment portfolio, making the stock its 5th largest position. Greatmark Investment Partners Inc.'s holdings in QUALCOMM were worth $25,833,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC bought a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $26,000. CKW Financial Group bought a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $27,000. Centricity Wealth Management LLC bought a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $29,000. Planning Capital Management Corp boosted its position in shares of QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock valued at $34,000 after purchasing an additional 114 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $38,000. 74.35% of the stock is currently owned by institutional investors.

Insider Transactions at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,337 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $156.82, for a total transaction of $523,308.34. Following the completion of the transaction, the chief financial officer now directly owns 59,778 shares of the company's stock, valued at approximately $9,374,385.96. This represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander H. Rogers sold 19,287 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 20,762 shares of the company's stock, valued at approximately $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. Insiders sold a total of 30,555 shares of company stock valued at $5,094,134 over the last 90 days. Company insiders own 0.08% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently weighed in on QCOM shares. Mizuho dropped their price target on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Benchmark reissued a "buy" rating and issued a $240.00 target price on shares of QUALCOMM in a report on Friday, February 7th. Melius Research assumed coverage on QUALCOMM in a report on Monday, December 9th. They issued a "hold" rating and a $180.00 target price on the stock. Melius assumed coverage on QUALCOMM in a report on Monday, December 9th. They issued a "hold" rating and a $180.00 target price on the stock. Finally, StockNews.com downgraded QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.32.

QUALCOMM Stock Performance

QCOM traded up $4.64 during midday trading on Friday, reaching $156.58. The company had a trading volume of 5,306,194 shares, compared to its average volume of 8,248,235. 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 has a 50-day moving average of $164.68 and a two-hundred day moving average of $164.40. The company has a market cap of $173.18 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 1 year low of $149.43 and a 1 year high of $230.63.

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 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%. As a group, equities research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is 36.32%.

QUALCOMM 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.