QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 144.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 178,621 shares of the wireless technology company’s stock after buying an additional 105,469 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in QUALCOMM were worth $27,440,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of QCOM. Aviva PLC lifted its position in shares of QUALCOMM by 28.8% during the fourth quarter. Aviva PLC now owns 671,434 shares of the wireless technology company’s stock worth $103,146,000 after purchasing an additional 150,018 shares in the last quarter. Oarsman Capital Inc. lifted its holdings in QUALCOMM by 20.1% during the 4th quarter. Oarsman Capital Inc. now owns 16,866 shares of the wireless technology company’s stock worth $2,591,000 after buying an additional 2,825 shares in the last quarter. KCM Investment Advisors LLC boosted its position in QUALCOMM by 3.2% in the 4th quarter. KCM Investment Advisors LLC now owns 44,490 shares of the wireless technology company’s stock valued at $6,835,000 after buying an additional 1,385 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in shares of QUALCOMM in the fourth quarter worth $50,639,000. Finally, Orion Investment Co grew its stake in shares of QUALCOMM by 0.9% in the fourth quarter. Orion Investment Co now owns 122,747 shares of the wireless technology company’s stock worth $18,856,000 after acquiring an additional 1,117 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Down 8.6 %

QCOM opened at $127.46 on Friday. QUALCOMM Incorporated has a 52 week low of $126.68 and a 52 week high of $230.63. The business has a 50 day moving average price of $161.74 and a two-hundred day moving average price of $163.09. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The company has a market cap of $140.97 billion, a PE ratio of 13.62, a P/E/G ratio of 2.01 and a beta of 1.28.

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

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.67%. QUALCOMM’s dividend payout ratio (DPR) is 36.32%.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a report on Thursday, February 6th. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 12th. Evercore ISI reduced their target price on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. Melius Research started coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price target for the company. Finally, Barclays reduced their price objective 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. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.32.

Insider Buying and Selling

In related news, insider Alexander H. Rogers sold 19,287 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the transaction, the insider now owns 20,762 shares of the company’s stock, valued at $3,526,010.46. This represents a 48.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the sale, the insider now directly owns 24,393 shares of the company’s stock, valued at approximately $3,762,376.32. This trade represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,968 shares of company stock valued at $4,685,077 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

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.