Teza Capital Management LLC Purchases Shares of 10,029 QUALCOMM Incorporated (NASDAQ:QCOM)

Teza Capital Management LLC purchased a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,029 shares of the wireless technology company's stock, valued at approximately $1,541,000.

Several other large investors have also modified their holdings of the business. Kohmann Bosshard Financial Services LLC purchased a new stake in QUALCOMM during the 4th quarter worth about $26,000. Banque Transatlantique SA acquired a new stake in shares of QUALCOMM in the 4th quarter valued at about $26,000. CKW Financial Group acquired a new stake in QUALCOMM during the 4th quarter worth approximately $27,000. Centricity Wealth Management LLC acquired a new stake in QUALCOMM during the 4th quarter worth approximately $29,000. Finally, CoreFirst Bank & Trust acquired a new stake in QUALCOMM during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction on Monday, May 5th. The stock was sold at an average price of $139.77, for a total value of $465,853.41. Following the completion of the sale, the chief financial officer now owns 53,112 shares of the company's stock, valued at $7,423,464.24. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction on 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 directly owns 461 shares of the company's stock, valued at approximately $80,596.63. This represents a 61.74% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,312 shares of company stock valued at $1,948,379. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Price Performance

QUALCOMM stock traded down $2.51 during mid-day trading on Wednesday, hitting $151.31. 9,679,430 shares of the company were exchanged, compared to its average volume of 8,897,571. 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 business's 50 day simple moving average is $145.89 and its two-hundred day simple moving average is $156.67. The company has a market capitalization of $166.14 billion, a P/E ratio of 16.17, a PEG ratio of 2.01 and a beta of 1.29. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.03. The company had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $10.58 billion. QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. QUALCOMM's revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.44 earnings per share. Analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.89 per share. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $3.56 annualized dividend and a yield of 2.35%. QUALCOMM's dividend payout ratio (DPR) is presently 36.25%.

Analyst Ratings Changes

A number of analysts have weighed in on QCOM shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, May 1st. StockNews.com cut QUALCOMM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. TD Cowen decreased their price objective on QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $185.00 price target on shares of QUALCOMM in a report on Tuesday, April 29th. Finally, Seaport Res Ptn raised QUALCOMM to a "hold" rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $192.08.

QUALCOMM Company Profile

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.