Hixon Zuercher LLC Acquires 310 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Hixon Zuercher LLC grew its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,363 shares of the wireless technology company’s stock after purchasing an additional 310 shares during the quarter. Hixon Zuercher LLC’s holdings in QUALCOMM were worth $1,131,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new position in QUALCOMM during the 2nd quarter valued at approximately $896,000. Algert Global LLC bought a new position in shares of QUALCOMM during the second quarter valued at $366,000. Clearbridge Investments LLC raised its position in shares of QUALCOMM by 0.5% in the 2nd quarter. Clearbridge Investments LLC now owns 221,308 shares of the wireless technology company’s stock worth $44,080,000 after purchasing an additional 1,036 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in QUALCOMM in the 2nd quarter worth about $109,000. Finally, Creekside Partners purchased a new stake in QUALCOMM during the 2nd quarter valued at about $320,000. Institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Loop Capital assumed coverage on QUALCOMM in a report on Monday, November 11th. They issued a “hold” rating and a $180.00 price objective for the company. Melius assumed coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective on the stock. Sanford C. Bernstein increased their price target on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. KeyCorp downgraded shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Finally, Evercore ISI raised their target price on QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and an average price target of $206.57.

QUALCOMM Price Performance

NASDAQ:QCOM opened at $171.93 on Friday. The stock has a 50 day moving average price of $160.11 and a 200 day moving average price of $166.88. The stock has a market cap of $191.01 billion, a PE ratio of 19.12, a P/E/G ratio of 2.85 and a beta of 1.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. QUALCOMM Incorporated has a one year low of $139.26 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.01 by $0.25. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. Equities research analysts expect that QUALCOMM Incorporated will post 9.16 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio is presently 37.82%.

Insiders Place Their Bets

In other news, General Counsel Ann C. Chaplin sold 2,587 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the sale, the general counsel now directly owns 19,739 shares of the company’s stock, valued at approximately $3,121,130.68. The trade was a 11.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at $14,570. The trade was a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,882 shares of company stock valued at $4,314,649 over the last quarter. 0.08% of the stock is owned by insiders.

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.