Oak Family Advisors LLC Buys 1,258 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Oak Family Advisors LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,145 shares of the wireless technology company’s stock after acquiring an additional 1,258 shares during the quarter. QUALCOMM makes up 3.9% of Oak Family Advisors LLC’s holdings, making the stock its 3rd largest holding. Oak Family Advisors LLC’s holdings in QUALCOMM were worth $10,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of QCOM. Algert Global LLC purchased a new position in shares of QUALCOMM during the second quarter valued at $366,000. Czech National Bank grew its holdings in shares of QUALCOMM by 6.5% during the third quarter. Czech National Bank now owns 226,933 shares of the wireless technology company’s stock valued at $38,590,000 after buying an additional 13,888 shares in the last quarter. HBW Advisory Services LLC grew its holdings in shares of QUALCOMM by 11.4% during the third quarter. HBW Advisory Services LLC now owns 1,879 shares of the wireless technology company’s stock valued at $320,000 after buying an additional 192 shares in the last quarter. GAMMA Investing LLC grew its stake in QUALCOMM by 18.6% in the third quarter. GAMMA Investing LLC now owns 16,307 shares of the wireless technology company’s stock valued at $2,773,000 after purchasing an additional 2,555 shares in the last quarter. Finally, Diversified Trust Co grew its stake in QUALCOMM by 5.7% in the third quarter. Diversified Trust Co now owns 50,282 shares of the wireless technology company’s stock valued at $8,550,000 after purchasing an additional 2,707 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on QCOM shares. Sanford C. Bernstein boosted their target price on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. KeyCorp downgraded QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Melius Research started coverage on QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 target price on the stock. Susquehanna lowered their target price on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. Finally, Evercore ISI boosted their price target on QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

QUALCOMM Trading Up 0.6 %

QCOM stock opened at $172.93 on Monday. QUALCOMM Incorporated has a 1-year low of $139.26 and a 1-year high of $230.63. The firm has a market cap of $192.13 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.87 and a beta of 1.25. The business’s 50 day moving average is $160.76 and its 200-day moving average is $166.37. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. Equities analysts anticipate that QUALCOMM Incorporated will post 9.16 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio is 37.82%.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 1,304 shares of the stock in a transaction 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 owns 94 shares of the company’s stock, valued at $14,570. This represents a 93.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the sale, the insider now directly owns 33,383 shares in the company, valued at $5,360,975.97. The trade was a 23.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,981 shares of company stock valued at $4,000,870. 0.08% of the stock is currently owned by corporate insiders.

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.