Deltec Asset Management LLC Grows Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Deltec Asset Management LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,393 shares of the wireless technology company’s stock after buying an additional 1,393 shares during the period. Deltec Asset Management LLC’s holdings in QUALCOMM were worth $1,750,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Confluence Wealth Services Inc. boosted its position in QUALCOMM by 25.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 8,310 shares of the wireless technology company’s stock worth $1,277,000 after purchasing an additional 1,670 shares in the last quarter. Country Club Bank increased its holdings in QUALCOMM by 2.5% during the 4th quarter. Country Club Bank now owns 6,930 shares of the wireless technology company’s stock valued at $1,071,000 after acquiring an additional 170 shares in the last quarter. Virginia Wealth Management Group Inc. raised its position in QUALCOMM by 0.7% during the fourth quarter. Virginia Wealth Management Group Inc. now owns 29,665 shares of the wireless technology company’s stock worth $4,557,000 after acquiring an additional 211 shares during the last quarter. Weaver Capital Management LLC lifted its holdings in shares of QUALCOMM by 304.3% in the fourth quarter. Weaver Capital Management LLC now owns 7,270 shares of the wireless technology company’s stock valued at $1,117,000 after purchasing an additional 5,472 shares in the last quarter. Finally, Hager Investment Management Services LLC purchased a new position in shares of QUALCOMM during the 4th quarter worth approximately $224,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

QUALCOMM stock opened at $173.04 on Wednesday. QUALCOMM Incorporated has a 12-month low of $141.21 and a 12-month high of $230.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The company has a market capitalization of $192.25 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 2.87 and a beta of 1.25. The firm’s fifty day moving average price is $161.31 and its 200 day moving average price is $165.95.

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 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 for the quarter, compared to analysts’ expectations of $9.90 billion. On average, research analysts forecast that QUALCOMM Incorporated will post 9.16 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced 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. 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 currently 37.82%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, 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 transaction of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. This represents a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM stock in a transaction that occurred 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 completion of the transaction, the insider now owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. The trade was a 23.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,981 shares of company stock valued at $4,000,870. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

QCOM has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Susquehanna reduced their target price on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a report on Wednesday, November 20th. JPMorgan Chase & Co. lowered their price target on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Sanford C. Bernstein raised their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, UBS Group boosted their price target on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.57.

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.