Banco de Sabadell S.A Increases Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Banco de Sabadell S.A increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,322 shares of the wireless technology company’s stock after purchasing an additional 158 shares during the period. Banco de Sabadell S.A’s holdings in QUALCOMM were worth $1,897,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of QCOM. Blueprint Investment Partners LLC increased its holdings in shares of QUALCOMM by 9.8% in the 4th quarter. Blueprint Investment Partners LLC now owns 1,866 shares of the wireless technology company’s stock valued at $287,000 after acquiring an additional 166 shares during the period. Guardian Partners Inc. purchased a new stake in shares of QUALCOMM during the 4th quarter worth $4,904,000. KLP Kapitalforvaltning AS bought a new stake in QUALCOMM during the fourth quarter valued at about $76,380,000. Knights of Columbus Asset Advisors LLC grew its stake in QUALCOMM by 114.9% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 45,029 shares of the wireless technology company’s stock valued at $6,917,000 after purchasing an additional 24,073 shares during the last quarter. Finally, Umpqua Bank raised its holdings in QUALCOMM by 4.2% in the fourth quarter. Umpqua Bank now owns 1,653 shares of the wireless technology company’s stock worth $264,000 after purchasing an additional 67 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

QCOM has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Cantor Fitzgerald restated a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. Piper Sandler cut their price target on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Mizuho decreased their price objective on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Evercore ISI dropped their target price on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.32.

Insider Activity

In other news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the sale, the insider now directly owns 24,393 shares of the company’s stock, valued at $3,762,376.32. This represents a 6.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $174.83, for a total value 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 approximately $80,596.63. This represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,968 shares of company stock valued at $4,685,077 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Price Performance

NASDAQ:QCOM opened at $156.82 on Friday. The firm’s fifty day moving average is $164.51 and its two-hundred day moving average is $163.98. The firm has a market cap of $173.44 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a one year low of $149.43 and a one year high of $230.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.

QUALCOMM (NASDAQ:QCOM) last issued 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 return on equity of 39.51% and a net margin of 25.94%. Research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.17%. QUALCOMM’s payout ratio is 36.32%.

About QUALCOMM

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.