Pinkerton Retirement Specialists LLC Increases Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Pinkerton Retirement Specialists LLC raised its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 45.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,581 shares of the wireless technology company's stock after buying an additional 11,354 shares during the period. QUALCOMM comprises about 0.8% of Pinkerton Retirement Specialists LLC's portfolio, making the stock its 27th largest holding. Pinkerton Retirement Specialists LLC's holdings in QUALCOMM were worth $5,620,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of QCOM. Tallon Kerry Patrick acquired a new stake in QUALCOMM in the 4th quarter worth about $207,000. LaFleur & Godfrey LLC lifted its stake in QUALCOMM by 10.6% in the 4th quarter. LaFleur & Godfrey LLC now owns 3,126 shares of the wireless technology company's stock worth $480,000 after purchasing an additional 300 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in QUALCOMM by 3.0% in the 4th quarter. Atomi Financial Group Inc. now owns 4,839 shares of the wireless technology company's stock worth $743,000 after purchasing an additional 143 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in QUALCOMM by 7.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 463,018 shares of the wireless technology company's stock worth $71,129,000 after purchasing an additional 30,253 shares in the last quarter. Finally, Perfromance Wealth Partners LLC lifted its stake in QUALCOMM by 3.2% in the 4th quarter. Perfromance Wealth Partners LLC now owns 5,015 shares of the wireless technology company's stock worth $770,000 after purchasing an additional 155 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the transaction, the insider now owns 24,393 shares in the company, valued at $3,762,376.32. This represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the company's stock in a transaction 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 completion of the transaction, the chief financial officer now owns 59,778 shares of the company's stock, valued at $9,374,385.96. This represents a 5.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,568 shares of company stock worth $1,818,305 over the last 90 days. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Stock Down 1.4%

Shares of QUALCOMM stock traded down $1.99 during trading hours on Friday, reaching $145.38. 8,991,695 shares of the company were exchanged, compared to its average volume of 8,849,286. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $230.63. The stock's fifty day moving average is $145.46 and its 200 day moving average is $156.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The firm has a market cap of $159.63 billion, a PE ratio of 15.53, a PEG ratio of 2.01 and a beta of 1.29.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share for the quarter, topping analysts' consensus estimates of $2.82 by $0.03. QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. The business had revenue of $10.98 billion for the quarter, compared to analyst estimates of $10.58 billion. During the same quarter in the prior year, the company earned $2.44 earnings per share. The company's revenue was up 17.0% on a year-over-year basis. As a group, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. QUALCOMM's dividend payout ratio is currently 36.25%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Susquehanna decreased their target price on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating on the stock in a research note on Thursday, May 1st. Citigroup decreased their target price on shares of QUALCOMM from $185.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. TD Cowen decreased their target price on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Seaport Res Ptn raised shares of QUALCOMM to a "hold" rating in a research note on Friday, May 9th. Finally, Robert W. Baird decreased their target price on shares of QUALCOMM from $250.00 to $216.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, QUALCOMM presently has a consensus rating of "Hold" and an average target price of $192.08.

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.