DSG Capital Advisors LLC Purchases New Position in QUALCOMM Incorporated (NASDAQ:QCOM)

DSG Capital Advisors LLC purchased a new position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,422 shares of the wireless technology company's stock, valued at approximately $1,601,000.

Several other institutional investors have also recently made changes to their positions in QCOM. Tallon Kerry Patrick bought a new position in QUALCOMM in the fourth quarter valued at $207,000. LaFleur & Godfrey LLC increased its stake in QUALCOMM by 10.6% in the fourth quarter. LaFleur & Godfrey LLC now owns 3,126 shares of the wireless technology company's stock valued at $480,000 after acquiring an additional 300 shares during the last quarter. Brighton Jones LLC increased its stake in QUALCOMM by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after acquiring an additional 9,343 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in QUALCOMM by 29.0% in the fourth quarter. First Citizens Bank & Trust Co. now owns 5,840 shares of the wireless technology company's stock valued at $897,000 after acquiring an additional 1,312 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in QUALCOMM by 1.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,597 shares of the wireless technology company's stock valued at $1,474,000 after acquiring an additional 167 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Cantor Fitzgerald reissued a "neutral" rating and issued a $150.00 target price on shares of QUALCOMM in a research note on Thursday, May 1st. Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Seaport Res Ptn raised QUALCOMM to a "hold" rating in a research note on Friday, May 9th. Loop Capital reduced their price objective on QUALCOMM from $180.00 to $155.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, QUALCOMM currently has an average rating of "Hold" and an average target price of $192.08.

QUALCOMM Stock Down 2.1%

Shares of QCOM stock traded down $3.12 during trading hours on Friday, hitting $145.22. 13,752,285 shares of the company's stock traded hands, compared to its average volume of 8,810,967. The stock's fifty day simple moving average is $144.60 and its two-hundred day simple moving average is $155.74. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $230.63. The stock has a market cap of $159.45 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 2.01 and a beta of 1.29. 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 released its 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. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. The firm had revenue of $10.98 billion during the quarter, compared to analyst estimates of $10.58 billion. During the same period last year, the business earned $2.44 earnings per share. The business's revenue was up 17.0% on a year-over-year basis. On average, analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.45%. This is a positive change from QUALCOMM's previous quarterly dividend of $0.85. The ex-dividend date is Thursday, June 5th. QUALCOMM's dividend payout ratio (DPR) is presently 36.25%.

Insider Activity

In related news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 22,793 shares of the company's stock, valued at $3,139,507.82. This trade represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $156.82, for a total transaction of $523,308.34. Following the sale, the chief financial officer now directly owns 59,778 shares of the company's stock, valued at $9,374,385.96. This trade represents a 5.29% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 425,068 shares of company stock worth $8,418,305. Insiders own 0.08% of the company's stock.

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.