Noesis Capital Mangement Corp Has $17.97 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Noesis Capital Mangement Corp lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,947 shares of the wireless technology company’s stock after acquiring an additional 3,904 shares during the period. QUALCOMM makes up about 3.4% of Noesis Capital Mangement Corp’s holdings, making the stock its 8th largest holding. Noesis Capital Mangement Corp’s holdings in QUALCOMM were worth $17,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in QCOM. Financial Advocates Investment Management raised its position in shares of QUALCOMM by 3.0% in the third quarter. Financial Advocates Investment Management now owns 9,996 shares of the wireless technology company’s stock worth $1,700,000 after buying an additional 289 shares in the last quarter. HM Payson & Co. raised its position in shares of QUALCOMM by 3.5% in the third quarter. HM Payson & Co. now owns 6,875 shares of the wireless technology company’s stock worth $1,169,000 after buying an additional 230 shares in the last quarter. AustralianSuper Pty Ltd raised its position in shares of QUALCOMM by 14.2% in the third quarter. AustralianSuper Pty Ltd now owns 15,409 shares of the wireless technology company’s stock worth $2,620,000 after buying an additional 1,914 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of QUALCOMM in the third quarter worth $26,000. Finally, LCM Capital Management Inc raised its position in shares of QUALCOMM by 1.4% in the third quarter. LCM Capital Management Inc now owns 7,210 shares of the wireless technology company’s stock worth $1,226,000 after buying an additional 98 shares in 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 a number of research reports. Cantor Fitzgerald restated a “neutral” rating and set a $160.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Sanford C. Bernstein raised their price target on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Mizuho lowered their price target on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. StockNews.com upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, QUALCOMM presently has an average rating of “Moderate Buy” and an average price target of $205.32.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $7,879,598.12. The trade was a 5.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Neil Martin sold 744 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the sale, the chief accounting officer now owns 461 shares in the company, valued at approximately $80,596.63. This trade represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,708 shares of company stock worth $7,713,734. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $157.18 on Friday. The stock has a market cap of $173.84 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The firm’s fifty day simple moving average is $164.94 and its 200 day simple moving average is $165.64. QUALCOMM Incorporated has a twelve month low of $149.43 and a twelve month high of $230.63. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced 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 2.16%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

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.