Boston Trust Walden Corp Increases Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Boston Trust Walden Corp boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 298,048 shares of the wireless technology company's stock after acquiring an additional 8,517 shares during the period. Boston Trust Walden Corp's holdings in QUALCOMM were worth $45,783,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in QCOM. WFA Asset Management Corp bought a new position in QUALCOMM in the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of QUALCOMM during the 4th quarter worth approximately $26,000. Banque Transatlantique SA bought a new position in shares of QUALCOMM during the 4th quarter worth approximately $26,000. Centricity Wealth Management LLC bought a new position in shares of QUALCOMM during the 4th quarter worth approximately $29,000. Finally, Sunbeam Capital Management LLC bought a new position in shares of QUALCOMM during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Trading Up 1.2%

Shares of NASDAQ QCOM traded up $1.82 during trading on Monday, reaching $153.14. The company had a trading volume of 6,183,382 shares, compared to its average volume of 8,587,216. The company's fifty day moving average price is $147.82 and its 200-day moving average price is $154.83. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $211.09. The stock has a market cap of $168.15 billion, a P/E ratio of 15.59, a PEG ratio of 1.95 and a beta of 1.26. The company has a quick ratio of 2.08, a current ratio of 2.73 and a debt-to-equity ratio of 0.48.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share for the quarter, topping analysts' consensus estimates of $2.82 by $0.03. The business had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $10.58 billion. QUALCOMM had a return on equity of 40.11% and a net margin of 26.11%. The firm's revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.44 EPS. As a group, research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be issued a $0.89 dividend. This is a positive change from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, June 5th. QUALCOMM's dividend payout ratio (DPR) is presently 36.25%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Benchmark reduced their price target on QUALCOMM from $240.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Robert W. Baird dropped their price objective on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $185.00 price objective on shares of QUALCOMM in a report on Tuesday, April 29th. Finally, TD Cowen dropped their price objective on QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, QUALCOMM presently has an average rating of "Hold" and an average price target of $186.96.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $146.10, for a total value of $486,951.30. Following the completion of the sale, the chief financial officer now owns 49,779 shares of the company's stock, valued at approximately $7,272,711.90. The trade was a 6.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $6,600,000.00. The disclosure for this sale can be found here. Insiders sold 423,464 shares of company stock valued at $8,135,164 over the last three months. Company insiders own 0.08% of the company's stock.

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.