Tradewinds LLC. Buys Shares of 2,383 QUALCOMM Incorporated (NASDAQ:QCOM)

Tradewinds LLC. bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,383 shares of the wireless technology company's stock, valued at approximately $366,000.

Several other large investors also recently modified their holdings of QCOM. Ascent Group LLC increased its position in shares of QUALCOMM by 241.6% during the third quarter. Ascent Group LLC now owns 9,665 shares of the wireless technology company's stock valued at $1,644,000 after buying an additional 6,836 shares during the period. Hilltop Holdings Inc. boosted its position in QUALCOMM by 31.4% during the 3rd quarter. Hilltop Holdings Inc. now owns 7,349 shares of the wireless technology company's stock valued at $1,250,000 after acquiring an additional 1,758 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of QUALCOMM by 7.6% during the 3rd quarter. HighTower Advisors LLC now owns 1,299,006 shares of the wireless technology company's stock worth $221,391,000 after acquiring an additional 91,354 shares during the period. Heard Capital LLC raised its position in shares of QUALCOMM by 12.2% in the 3rd quarter. Heard Capital LLC now owns 14,480 shares of the wireless technology company's stock worth $2,462,000 after acquiring an additional 1,580 shares in the last quarter. Finally, Harmony Asset Management LLC lifted its stake in shares of QUALCOMM by 49.5% in the 3rd quarter. Harmony Asset Management LLC now owns 1,902 shares of the wireless technology company's stock valued at $323,000 after purchasing an additional 630 shares during the period. 74.35% of the stock is owned by institutional investors.

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QUALCOMM Price Performance

NASDAQ:QCOM traded down $14.66 during trading hours on Thursday, reaching $139.42. The stock had a trading volume of 16,453,352 shares, compared to its average volume of 8,624,425. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. QUALCOMM Incorporated has a 52 week low of $138.58 and a 52 week high of $230.63. The company has a 50 day moving average price of $163.33 and a two-hundred day moving average price of $163.57. The stock has a market capitalization of $154.20 billion, a PE ratio of 14.90, a PEG ratio of 2.01 and a beta of 1.28.

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 the consensus estimate 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 anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.44%. QUALCOMM's payout ratio is currently 36.32%.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,337 shares of QUALCOMM stock in a transaction 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 $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 available at this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total value of $246,784.00. Following the transaction, the insider now directly owns 24,393 shares in the company, valued at $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 ninety days, insiders sold 27,968 shares of company stock valued at $4,685,077. Company insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on QCOM. Melius began coverage on QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 price target on the stock. Barclays dropped their price target on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Cantor Fitzgerald reissued a "neutral" rating and set a $160.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Benchmark reiterated a "buy" rating and issued a $240.00 target price on shares of QUALCOMM in a research note on Friday, February 7th. Finally, Piper Sandler cut their price target on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, QUALCOMM currently has a consensus rating of "Moderate Buy" and an average price target of $205.32.

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.