Symmetry Partners LLC Buys Shares of 1,649 QUALCOMM Incorporated (NASDAQ:QCOM)

Symmetry Partners LLC purchased a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,649 shares of the wireless technology company's stock, valued at approximately $253,000.

Other hedge funds have also made changes to their positions in the company. Prospera Financial Services Inc boosted its holdings in shares of QUALCOMM by 83.6% in the 3rd quarter. Prospera Financial Services Inc now owns 34,235 shares of the wireless technology company's stock valued at $5,826,000 after purchasing an additional 15,593 shares during the last quarter. Banque Cantonale Vaudoise raised its position in shares of QUALCOMM by 14.3% in the 3rd quarter. Banque Cantonale Vaudoise now owns 25,099 shares of the wireless technology company's stock worth $4,268,000 after buying an additional 3,146 shares during the period. Prospera Private Wealth LLC acquired a new position in QUALCOMM in the third quarter valued at $2,241,000. Sachetta LLC grew its position in QUALCOMM by 6.8% during the third quarter. Sachetta LLC now owns 6,072 shares of the wireless technology company's stock valued at $1,033,000 after acquiring an additional 389 shares during the period. Finally, Strategy Asset Managers LLC purchased a new position in shares of QUALCOMM in the 3rd quarter worth about $530,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,337 shares of the business's 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 sale, the chief financial officer now directly owns 59,778 shares of the company's stock, valued at approximately $9,374,385.96. The trade was a 5.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company'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 completion of the sale, the insider now owns 24,393 shares of the company's stock, valued at approximately $3,762,376.32. The trade was a 6.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,968 shares of company stock valued at $4,685,077. Corporate insiders own 0.08% of the company's stock.

Remove Ads

Analyst Ratings Changes

QCOM has been the subject of a number of research reports. Benchmark reiterated a "buy" rating and set a $240.00 target price on shares of QUALCOMM in a report on Friday, February 7th. Piper Sandler dropped their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Mizuho reduced their target price on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $160.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. Finally, Melius began coverage on QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $205.32.

QUALCOMM Stock Up 2.1 %

NASDAQ QCOM traded up $3.26 during trading on Monday, hitting $160.08. The stock had a trading volume of 6,030,583 shares, compared to its average volume of 8,230,026. The company's 50-day moving average price is $164.57 and its two-hundred day moving average price is $163.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The company has a market capitalization of $177.05 billion, a PE ratio of 17.10, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly 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%. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 yield of 2.12%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is presently 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.