Brucke Financial Inc. Invests $458,000 in QUALCOMM Incorporated (NASDAQ:QCOM)

Brucke Financial Inc. bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,984 shares of the wireless technology company's stock, valued at approximately $458,000.

A number of other large investors have also recently made changes to their positions in the company. Omnia Family Wealth LLC lifted its stake in QUALCOMM by 3.6% in the fourth quarter. Omnia Family Wealth LLC now owns 2,204 shares of the wireless technology company's stock valued at $339,000 after buying an additional 76 shares during the last quarter. REAP Financial Group LLC raised its position in QUALCOMM by 89.8% in the 4th quarter. REAP Financial Group LLC now owns 560 shares of the wireless technology company's stock valued at $86,000 after purchasing an additional 265 shares during the last quarter. Jefferies Financial Group Inc. boosted its stake in QUALCOMM by 134.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 17,076 shares of the wireless technology company's stock worth $2,623,000 after purchasing an additional 9,806 shares during the period. Bernard Wealth Management Corp. purchased a new position in QUALCOMM during the 4th quarter worth $64,000. Finally, LM Advisors LLC increased its stake in QUALCOMM by 16.4% in the fourth quarter. LM Advisors LLC now owns 12,453 shares of the wireless technology company's stock valued at $1,913,000 after purchasing an additional 1,751 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,337 shares of QUALCOMM stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $156.82, for a total value of $523,308.34. Following the completion of the sale, the chief financial officer now owns 59,778 shares in the company, valued at $9,374,385.96. The trade was a 5.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $6,600,000.00. The disclosure for this sale can be found here. Insiders sold a total of 425,068 shares of company stock valued at $8,418,305 over the last 90 days. Insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on QCOM shares. Evercore ISI decreased their target price on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Benchmark reduced their price objective on QUALCOMM from $240.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Citigroup decreased their price objective on QUALCOMM from $185.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Seaport Res Ptn raised QUALCOMM to a "hold" rating in a report on Friday, May 9th. Finally, Robert W. Baird cut their price target on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, QUALCOMM presently has a consensus rating of "Hold" and an average price target of $192.08.

QUALCOMM Price Performance

Shares of QCOM traded down $3.12 on Friday, reaching $145.22. The stock had a trading volume of 13,752,272 shares, compared to its average volume of 8,533,294. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $230.63. The firm has a market capitalization of $159.45 billion, a PE ratio of 15.51, a PEG ratio of 2.01 and a beta of 1.29. The firm has a 50-day moving average of $144.60 and a 200 day moving average of $155.74. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

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

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, June 5th. This is a boost from QUALCOMM's previous quarterly dividend of $0.85. QUALCOMM's dividend payout ratio (DPR) is currently 36.25%.

QUALCOMM 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.