QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Lifted by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 148.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,242 shares of the wireless technology company's stock after acquiring an additional 3,129 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in QUALCOMM were worth $805,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Banque Transatlantique SA bought a new stake in shares of QUALCOMM during the 4th quarter worth $26,000. Atlantic Edge Private Wealth Management LLC raised its position in QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 70 shares during the last quarter. WFA Asset Management Corp bought a new position in QUALCOMM in the first quarter valued at about $27,000. Sunbeam Capital Management LLC bought a new position in QUALCOMM in the fourth quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. bought a new position in QUALCOMM in the fourth quarter valued at about $30,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $161.28, for a total value of $537,546.24. Following the completion of the sale, the chief financial officer directly owned 46,446 shares of the company's stock, valued at approximately $7,490,810.88. The trade was a 6.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $137.74, for a total transaction of $220,384.00. Following the sale, the insider directly owned 22,793 shares of the company's stock, valued at $3,139,507.82. This represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 424,099 shares of company stock valued at $8,310,735 in the last ninety days. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Price Performance

QCOM stock traded up $2.19 during mid-day trading on Friday, reaching $154.80. 7,429,971 shares of the company's stock were exchanged, compared to its average volume of 8,482,916. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.73 and a quick ratio of 2.08. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $196.24. The company has a market cap of $169.97 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.97 and a beta of 1.26. The stock's 50 day moving average is $153.95 and its 200 day moving average is $154.97.

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

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.30%. QUALCOMM's dividend payout ratio (DPR) is 36.25%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Benchmark lowered their price objective on QUALCOMM from $240.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company lowered their price objective on QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on QUALCOMM from $185.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday. Seaport Res Ptn upgraded QUALCOMM to a "hold" rating in a research report on Friday, May 9th. Finally, Loop Capital decreased their target price on QUALCOMM from $180.00 to $155.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $186.00.

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.