QUALCOMM Incorporated (NASDAQ:QCOM) Stock Position Raised by Compass Capital Management Inc.

Compass Capital Management Inc. lifted its position in QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 6.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 354,995 shares of the wireless technology company’s stock after acquiring an additional 21,083 shares during the quarter. QUALCOMM makes up about 3.6% of Compass Capital Management Inc.’s holdings, making the stock its 21st biggest holding. Compass Capital Management Inc.’s holdings in QUALCOMM were worth $54,534,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Algert Global LLC acquired a new position in shares of QUALCOMM during the 2nd quarter worth $366,000. Czech National Bank increased its stake in shares of QUALCOMM by 6.5% during the 3rd quarter. Czech National Bank now owns 226,933 shares of the wireless technology company’s stock worth $38,590,000 after purchasing an additional 13,888 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of QUALCOMM by 18.6% during the 3rd quarter. GAMMA Investing LLC now owns 16,307 shares of the wireless technology company’s stock worth $2,773,000 after purchasing an additional 2,555 shares during the last quarter. Diversified Trust Co increased its stake in shares of QUALCOMM by 5.7% during the 3rd quarter. Diversified Trust Co now owns 50,282 shares of the wireless technology company’s stock worth $8,550,000 after purchasing an additional 2,707 shares during the last quarter. Finally, Smith Anglin Financial LLC increased its stake in shares of QUALCOMM by 3.7% during the 3rd quarter. Smith Anglin Financial LLC now owns 2,122 shares of the wireless technology company’s stock worth $361,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the topic of several analyst reports. Susquehanna dropped their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lowered their target price on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Mizuho reduced their price target on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Sanford C. Bernstein increased their price target on shares of QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Evercore ISI increased their price target on shares of QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $206.57.

View Our Latest Research Report on QUALCOMM

QUALCOMM Trading Down 1.6 %

QCOM opened at $170.24 on Tuesday. 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 stock has a market capitalization of $189.14 billion, a PE ratio of 18.94, a PEG ratio of 2.87 and a beta of 1.25. QUALCOMM Incorporated has a 1-year low of $141.21 and a 1-year high of $230.63. The firm has a 50-day moving average price of $160.76 and a two-hundred day moving average price of $166.19.

QUALCOMM (NASDAQ:QCOMGet Free Report) last posted its quarterly earnings data 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 firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. As a group, equities analysts anticipate that QUALCOMM Incorporated will post 9.16 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s payout ratio is presently 37.82%.

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the sale, the insider now owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. This represents a 23.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,981 shares of company stock worth $4,000,870. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Profile

(Free Report)

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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