QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Simon Quick Advisors LLC

Simon Quick Advisors LLC lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,418 shares of the wireless technology company’s stock after purchasing an additional 863 shares during the period. Simon Quick Advisors LLC’s holdings in QUALCOMM were worth $679,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Beaumont Financial Advisors LLC boosted its stake in shares of QUALCOMM by 16.7% in the fourth quarter. Beaumont Financial Advisors LLC now owns 9,938 shares of the wireless technology company’s stock worth $1,527,000 after acquiring an additional 1,420 shares during the last quarter. MCF Advisors LLC lifted its holdings in QUALCOMM by 1.9% in the 4th quarter. MCF Advisors LLC now owns 6,607 shares of the wireless technology company’s stock valued at $1,015,000 after purchasing an additional 125 shares in the last quarter. Bourgeon Capital Management LLC boosted its stake in QUALCOMM by 0.9% during the 4th quarter. Bourgeon Capital Management LLC now owns 62,469 shares of the wireless technology company’s stock worth $9,596,000 after purchasing an additional 539 shares during the last quarter. Perfromance Wealth Partners LLC grew its holdings in shares of QUALCOMM by 3.2% during the fourth quarter. Perfromance Wealth Partners LLC now owns 5,015 shares of the wireless technology company’s stock worth $770,000 after buying an additional 155 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of QUALCOMM by 7.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 463,018 shares of the wireless technology company’s stock valued at $71,129,000 after buying an additional 30,253 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM opened at $170.24 on Thursday. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a fifty-two week low of $139.26 and a fifty-two week high of $230.63. The company has a market cap of $189.14 billion, a P/E ratio of 18.94, a PEG ratio of 2.75 and a beta of 1.25. The firm’s 50 day moving average price is $158.86 and its 200 day moving average price is $168.02.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating 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 9.12 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.00%. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.

Insider Buying and Selling

In other news, insider Alexander H. Rogers sold 10,373 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the transaction, the insider now directly owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. This represents a 23.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the sale, the general counsel now directly owns 12,007 shares in the company, valued at $1,981,875.42. This trade represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,882 shares of company stock worth $4,314,649 over the last 90 days. 0.08% of the stock is owned by insiders.

Analysts Set New Price Targets

QCOM has been the topic of a number of recent research reports. Benchmark restated a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research report on Thursday, November 7th. Morgan Stanley lowered their target price on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. KeyCorp cut QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Barclays lowered their price objective on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Loop Capital began coverage on QUALCOMM in a research note on Monday, November 11th. They issued a “hold” rating and a $180.00 target price for the company. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, QUALCOMM 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.