Exchange Traded Concepts LLC Has $46.73 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Exchange Traded Concepts LLC boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,158 shares of the wireless technology company’s stock after buying an additional 17,056 shares during the quarter. QUALCOMM makes up about 0.9% of Exchange Traded Concepts LLC’s investment portfolio, making the stock its 16th largest position. Exchange Traded Concepts LLC’s holdings in QUALCOMM were worth $46,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. CX Institutional lifted its holdings in QUALCOMM by 41.3% during the 4th quarter. CX Institutional now owns 35,259 shares of the wireless technology company’s stock valued at $5,417,000 after purchasing an additional 10,299 shares during the last quarter. Encompass More Asset Management acquired a new position in QUALCOMM in the fourth quarter worth $1,266,000. Impact Partnership Wealth LLC raised its holdings in shares of QUALCOMM by 16.6% in the fourth quarter. Impact Partnership Wealth LLC now owns 5,454 shares of the wireless technology company’s stock valued at $838,000 after buying an additional 775 shares during the last quarter. St. Johns Investment Management Company LLC grew its holdings in QUALCOMM by 6.8% during the 4th quarter. St. Johns Investment Management Company LLC now owns 11,827 shares of the wireless technology company’s stock worth $1,817,000 after acquiring an additional 751 shares during the last quarter. Finally, LexAurum Advisors LLC lifted its position in shares of QUALCOMM by 6.7% during the fourth quarter. LexAurum Advisors LLC now owns 2,081 shares of the wireless technology company’s stock worth $320,000 after purchasing an additional 130 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several research reports. Susquehanna reduced their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a report on Wednesday, November 20th. Barclays cut 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. Citigroup lowered their target price on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. JPMorgan Chase & Co. cut their price target on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, Melius began coverage on QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.57.

QUALCOMM Stock Down 0.7 %

NASDAQ:QCOM opened at $173.13 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. QUALCOMM Incorporated has a one year low of $139.26 and a one year high of $230.63. The firm’s 50 day simple moving average is $159.05 and its 200 day simple moving average is $168.04. The company has a market cap of $192.34 billion, a PE ratio of 19.26, a P/E/G ratio of 2.84 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.14 earnings per share 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 given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

Insider Activity at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares in the company, valued at approximately $1,981,875.42. This represents a 13.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the transaction, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,882 shares of company stock worth $4,314,649 over the last quarter. Company insiders own 0.08% of the company’s stock.

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.