QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Lifted by Oak Family Advisors LLC

Oak Family Advisors LLC grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,544 shares of the wireless technology company's stock after acquiring an additional 3,399 shares during the quarter. QUALCOMM accounts for approximately 3.8% of Oak Family Advisors LLC's investment portfolio, making the stock its 3rd biggest position. Oak Family Advisors LLC's holdings in QUALCOMM were worth $11,143,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of QCOM. Howard Bailey Securities LLC bought a new stake in shares of QUALCOMM in the fourth quarter valued at approximately $240,000. Teza Capital Management LLC bought a new position in QUALCOMM during the 4th quarter worth $1,541,000. Purkiss Capital Advisors LLC acquired a new position in QUALCOMM in the 4th quarter valued at $303,000. Amundi lifted its position in shares of QUALCOMM by 36.6% during the 4th quarter. Amundi now owns 14,579,529 shares of the wireless technology company's stock valued at $2,313,634,000 after acquiring an additional 3,905,918 shares during the period. Finally, First Foundation Advisors grew its holdings in shares of QUALCOMM by 41.2% during the 4th quarter. First Foundation Advisors now owns 156,770 shares of the wireless technology company's stock worth $24,083,000 after purchasing an additional 45,769 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

QUALCOMM Trading Down 0.5%

NASDAQ QCOM traded down $0.78 on Thursday, reaching $158.70. The company had a trading volume of 5,675,247 shares, compared to its average volume of 8,742,565. The firm has a market cap of $174.25 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 2.01 and a beta of 1.26. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $230.63. The business has a 50 day moving average of $144.67 and a two-hundred day moving average of $155.17.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.03. The company 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 business's quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.44 earnings per share. Analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.24%. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. The ex-dividend date is Thursday, June 5th. QUALCOMM's payout ratio is currently 36.25%.

Insider Buying and Selling

In related news, major shareholder Inc/De Qualcomm sold 412,500 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $6,600,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $146.10, for a total value of $486,951.30. Following the completion of the transaction, the chief financial officer now owns 49,779 shares in the company, valued at $7,272,711.90. This represents a 6.28% decrease in their position. 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 90 days. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

QCOM has been the subject of a number of analyst reports. Susquehanna dropped their price target on QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company dropped their target price on shares of QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Seaport Res Ptn upgraded shares of QUALCOMM to a "hold" rating in a research report on Friday, May 9th. Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Citigroup decreased their price target on QUALCOMM from $185.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.