QUALCOMM Incorporated (NASDAQ:QCOM) Position Increased by Bailard Inc.

Bailard Inc. increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,859 shares of the wireless technology company’s stock after acquiring an additional 1,213 shares during the period. Bailard Inc.’s holdings in QUALCOMM were worth $19,488,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of QCOM. Reston Wealth Management LLC bought a new position in QUALCOMM during the third quarter valued at about $26,000. Principal Securities Inc. raised its holdings in QUALCOMM by 21.7% during the third quarter. Principal Securities Inc. now owns 35,596 shares of the wireless technology company’s stock valued at $6,053,000 after buying an additional 6,347 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its holdings in QUALCOMM by 2.7% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 22,153 shares of the wireless technology company’s stock valued at $3,767,000 after buying an additional 587 shares in the last quarter. Capital Advisors Inc. OK raised its holdings in QUALCOMM by 30.7% during the third quarter. Capital Advisors Inc. OK now owns 4,387 shares of the wireless technology company’s stock valued at $746,000 after buying an additional 1,030 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in QUALCOMM by 5.2% during the third quarter. Farther Finance Advisors LLC now owns 16,171 shares of the wireless technology company’s stock valued at $2,750,000 after buying an additional 793 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 461 shares of the company’s stock, valued at $80,596.63. This trade represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,708 shares of company stock worth $7,713,734 over the last quarter. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 1.8 %

Shares of QCOM opened at $157.18 on Friday. The stock has a market cap of $173.84 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 2.01 and a beta of 1.25. 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 Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63. The company has a 50-day moving average price of $164.94 and a two-hundred day moving average price of $165.62.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly 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 return on equity of 39.51% and a net margin of 25.94%. Equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio is 36.32%.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several recent research reports. Barclays cut their target price on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Mizuho cut their target price on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $205.32.

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.