Chilton Capital Management LLC Has $1.08 Million Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Chilton Capital Management LLC lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 95.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,049 shares of the wireless technology company's stock after selling 146,627 shares during the period. Chilton Capital Management LLC's holdings in QUALCOMM were worth $1,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Atlantic Edge Private Wealth Management LLC lifted its position in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 70 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in QUALCOMM by 14.7% during the first quarter. McGlone Suttner Wealth Management Inc. now owns 4,605 shares of the wireless technology company's stock worth $707,000 after purchasing an additional 590 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of QUALCOMM by 8.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 50,342 shares of the wireless technology company's stock worth $7,733,000 after buying an additional 3,979 shares during the last quarter. Elite Financial Inc. bought a new position in shares of QUALCOMM in the 1st quarter worth about $86,000. Finally, World Investment Advisors lifted its position in shares of QUALCOMM by 3.2% in the 1st quarter. World Investment Advisors now owns 53,157 shares of the wireless technology company's stock worth $8,165,000 after buying an additional 1,629 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Price Performance

Shares of NASDAQ QCOM traded down $0.22 during midday trading on Friday, reaching $162.11. The company's stock had a trading volume of 4,280,773 shares, compared to its average volume of 8,546,883. The company has a market cap of $177.99 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $211.09. The company has a 50 day moving average price of $151.32 and a 200 day moving average price of $154.94. The company has a current ratio of 2.73, a quick ratio of 2.08 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 (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.03. The company had revenue of $10.98 billion for the quarter, compared to analysts' expectations of $10.58 billion. QUALCOMM had a return on equity of 40.11% and a net margin of 26.11%. The firm's revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.44 earnings per share. On average, equities research 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 was paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.20%. The ex-dividend date was Thursday, June 5th. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. QUALCOMM's payout ratio is presently 36.25%.

Insiders Place Their Bets

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $137.74, for a total transaction of $220,384.00. Following the sale, the insider owned 22,793 shares in the company, valued at approximately $3,139,507.82. The trade was a 6.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the business'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 transaction of $6,600,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 425,016 shares of company stock worth $8,437,440. Company insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on QCOM shares. TD Cowen cut their target price on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Susquehanna cut their price target on QUALCOMM from $210.00 to $190.00 and set a "positive" rating on the stock in a report on Thursday, May 1st. Loop Capital cut their price target on QUALCOMM from $180.00 to $155.00 and set a "hold" rating on the stock in a report on Thursday, May 1st. Benchmark cut their target price on QUALCOMM from $240.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $185.00 target price on shares of QUALCOMM in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $186.96.

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.