Waterway Wealth Management LLC Has $701,000 Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Waterway Wealth Management LLC lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 10.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,563 shares of the wireless technology company’s stock after purchasing an additional 413 shares during the period. Waterway Wealth Management LLC’s holdings in QUALCOMM were worth $701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QCOM. Strategic Blueprint LLC boosted its stake in shares of QUALCOMM by 14.8% during the 3rd quarter. Strategic Blueprint LLC now owns 5,032 shares of the wireless technology company’s stock worth $856,000 after buying an additional 647 shares during the last quarter. Financial Advocates Investment Management boosted its position in QUALCOMM by 3.0% during the third quarter. Financial Advocates Investment Management now owns 9,996 shares of the wireless technology company’s stock valued at $1,700,000 after purchasing an additional 289 shares during the last quarter. HM Payson & Co. grew its stake in QUALCOMM by 3.5% in the third quarter. HM Payson & Co. now owns 6,875 shares of the wireless technology company’s stock valued at $1,169,000 after purchasing an additional 230 shares in the last quarter. Nikulski Financial Inc. increased its position in shares of QUALCOMM by 5.0% during the 3rd quarter. Nikulski Financial Inc. now owns 1,819 shares of the wireless technology company’s stock worth $309,000 after purchasing an additional 86 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its position in shares of QUALCOMM by 14.2% during the 3rd quarter. AustralianSuper Pty Ltd now owns 15,409 shares of the wireless technology company’s stock worth $2,620,000 after purchasing an additional 1,914 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at QUALCOMM

In other news, General Counsel Ann C. Chaplin sold 2,587 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the transaction, the general counsel now owns 19,739 shares in the company, valued at approximately $3,121,130.68. This trade represents a 11.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 sale, the chief accounting officer now owns 461 shares of the company’s stock, valued at $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,708 shares of company stock worth $7,713,734. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

QUALCOMM stock opened at $154.44 on Friday. The firm has a market capitalization of $170.81 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63. The firm has a 50-day moving average price of $164.85 and a 200-day moving average price of $165.68. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.

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

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on QCOM shares. Melius Research initiated coverage on QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 price target on the stock. Piper Sandler decreased their price objective 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. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. StockNews.com upgraded shares of QUALCOMM from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st. Finally, Melius initiated coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and an average price target of $205.32.

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.