World Investment Advisors raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,528 shares of the wireless technology company's stock after buying an additional 6,362 shares during the quarter. World Investment Advisors' holdings in QUALCOMM were worth $7,916,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in QUALCOMM during the 4th quarter valued at $26,000. CKW Financial Group bought a new position in shares of QUALCOMM during the fourth quarter valued at $27,000. Centricity Wealth Management LLC purchased a new stake in shares of QUALCOMM during the fourth quarter valued at $29,000. CoreFirst Bank & Trust bought a new stake in QUALCOMM in the 4th quarter worth about $33,000. Finally, Synergy Asset Management LLC purchased a new position in QUALCOMM in the 4th quarter worth about $38,000. 74.35% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, CAO Neil Martin sold 744 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was 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 directly owns 461 shares of the company's stock, valued at $80,596.63. This trade represents a 61.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the transaction, the insider now directly owns 24,393 shares in the company, valued at approximately $3,762,376.32. This represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,968 shares of company stock valued at $4,685,077 in the last three months. Corporate insiders own 0.08% of the company's stock.
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QUALCOMM Price Performance
Shares of QCOM stock traded down $11.96 during trading hours on Friday, hitting $127.46. The stock had a trading volume of 19,007,907 shares, compared to its average volume of 8,683,142. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The stock has a market capitalization of $140.97 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a one year low of $126.68 and a one year high of $230.63. The stock's 50-day moving average price is $161.74 and its two-hundred day moving average price is $163.09.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.
QUALCOMM Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were given a dividend of $0.85 per share. The ex-dividend date was Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.67%. QUALCOMM's dividend payout ratio (DPR) is currently 36.32%.
Analyst Ratings Changes
A number of analysts have recently commented on the stock. Barclays reduced their price target on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Mizuho dropped their price target on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. Evercore ISI dropped their target price on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Finally, Benchmark reaffirmed a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.32.
View Our Latest Analysis on QCOM
QUALCOMM Profile
(Free Report)
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.
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