Verity & Verity LLC Purchases 4,168 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Verity & Verity LLC increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,444 shares of the wireless technology company's stock after acquiring an additional 4,168 shares during the period. Verity & Verity LLC's holdings in QUALCOMM were worth $8,825,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of QCOM. Integrated Investment Consultants LLC purchased a new position in QUALCOMM in the fourth quarter valued at approximately $227,000. Arkadios Wealth Advisors raised its position in shares of QUALCOMM by 93.4% in the fourth quarter. Arkadios Wealth Advisors now owns 29,041 shares of the wireless technology company's stock valued at $4,461,000 after purchasing an additional 14,028 shares during the period. Spring Capital Management LLC raised its position in shares of QUALCOMM by 9.5% in the fourth quarter. Spring Capital Management LLC now owns 56,743 shares of the wireless technology company's stock valued at $8,717,000 after purchasing an additional 4,921 shares during the period. B & T Capital Management DBA Alpha Capital Management lifted its stake in shares of QUALCOMM by 4.0% during the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 26,831 shares of the wireless technology company's stock valued at $4,122,000 after buying an additional 1,032 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC boosted its holdings in QUALCOMM by 8.3% in the 4th quarter. Arthur M. Cohen & Associates LLC now owns 1,700 shares of the wireless technology company's stock worth $261,000 after buying an additional 130 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 2,587 shares of the business's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the completion of the sale, the general counsel now directly owns 19,739 shares in the company, valued at $3,121,130.68. The trade was a 11.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total transaction of $484,620.00. Following the sale, the chief financial officer now owns 48,778 shares of the company's stock, valued at $7,879,598.12. This trade represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,882 shares of company stock worth $4,314,649 over the last three months. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QCOM. Mizuho cut their price target on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Wells Fargo & Company raised their target price on QUALCOMM from $170.00 to $175.00 and gave the stock an "underweight" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price on QUALCOMM from $210.00 to $195.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Melius Research began coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 price objective for the company. Finally, UBS Group upped their target price on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, QUALCOMM presently has an average rating of "Moderate Buy" and an average price target of $206.57.

QUALCOMM Stock Up 1.9 %

NASDAQ:QCOM traded up $3.13 on Friday, reaching $164.56. 8,063,912 shares of the stock traded hands, compared to its average volume of 6,526,932. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $182.83 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.63 and a beta of 1.25. QUALCOMM Incorporated has a 12 month low of $139.26 and a 12 month high of $230.63. The company's fifty day simple moving average is $158.85 and its 200 day simple moving average is $169.03.

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

QUALCOMM Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.07%. QUALCOMM's payout ratio is presently 37.82%.

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.