Green Alpha Advisors LLC Increases Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Green Alpha Advisors LLC grew its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 61.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,230 shares of the wireless technology company's stock after buying an additional 9,188 shares during the period. QUALCOMM makes up 4.0% of Green Alpha Advisors LLC's portfolio, making the stock its 4th largest position. Green Alpha Advisors LLC's holdings in QUALCOMM were worth $3,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank raised its position in shares of QUALCOMM by 5.5% during the first quarter. Czech National Bank now owns 254,031 shares of the wireless technology company's stock worth $39,022,000 after purchasing an additional 13,144 shares during the period. 180 Wealth Advisors LLC raised its position in shares of QUALCOMM by 4.8% during the first quarter. 180 Wealth Advisors LLC now owns 26,998 shares of the wireless technology company's stock worth $4,147,000 after purchasing an additional 1,246 shares during the period. Fifth Third Wealth Advisors LLC raised its position in shares of QUALCOMM by 38.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 23,404 shares of the wireless technology company's stock worth $3,595,000 after purchasing an additional 6,456 shares during the period. St. Louis Financial Planners Asset Management LLC raised its position in shares of QUALCOMM by 27.9% during the first quarter. St. Louis Financial Planners Asset Management LLC now owns 14,460 shares of the wireless technology company's stock worth $2,221,000 after purchasing an additional 3,153 shares during the period. Finally, Welch Group LLC raised its position in shares of QUALCOMM by 3.3% during the first quarter. Welch Group LLC now owns 362,799 shares of the wireless technology company's stock worth $55,407,000 after purchasing an additional 11,738 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Inc/De Qualcomm sold 412,500 shares of QUALCOMM stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $6,600,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Akash J. Palkhiwala sold 1,781 shares of QUALCOMM stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $132.10, for a total value of $235,270.10. Following the sale, the chief financial officer now directly owns 57,997 shares of the company's stock, valued at approximately $7,661,403.70. The trade was a 2.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 421,731 shares of company stock valued at $7,894,997. Insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM traded up $1.43 during midday trading on Monday, hitting $146.63. 6,416,402 shares of the company's stock were exchanged, compared to its average volume of 8,776,237. 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 Incorporated has a 12 month low of $120.80 and a 12 month high of $230.63. The company's 50 day moving average price is $144.30 and its 200 day moving average price is $155.53. The firm has a market capitalization of $161.00 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29.

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

QUALCOMM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be issued a dividend of $0.89 per share. This is a boost from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, June 5th. QUALCOMM's dividend payout ratio (DPR) is presently 36.25%.

Analyst Ratings Changes

QCOM has been the topic of a number of research analyst reports. Robert W. Baird dropped their price target on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Susquehanna decreased their price objective on QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a report on Thursday, May 1st. Piper Sandler decreased their price objective on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Evercore ISI decreased their price objective on QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Finally, Loop Capital decreased their price objective on QUALCOMM from $180.00 to $155.00 and set a "hold" rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, QUALCOMM currently has a consensus rating of "Hold" and a consensus target price of $189.88.

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.