Chatham Capital Group Inc. Has $4.48 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Chatham Capital Group Inc. raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,181 shares of the wireless technology company's stock after acquiring an additional 1,950 shares during the period. Chatham Capital Group Inc.'s holdings in QUALCOMM were worth $4,482,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in QUALCOMM in the fourth quarter valued at $26,000. Banque Transatlantique SA purchased a new position in shares of QUALCOMM in the 4th quarter valued at about $26,000. Centricity Wealth Management LLC acquired a new position in shares of QUALCOMM during the fourth quarter worth about $29,000. Sunbeam Capital Management LLC purchased a new stake in shares of QUALCOMM in the 4th quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in QUALCOMM in the fourth quarter valued at $30,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other QUALCOMM news, major shareholder Inc/De Qualcomm sold 412,500 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $16.00, for a total value of $6,600,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $146.10, for a total value of $486,951.30. Following the sale, the chief financial officer now directly owns 49,779 shares of the company's stock, valued at $7,272,711.90. This trade represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 425,064 shares of company stock worth $8,381,948 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on QCOM shares. Robert W. Baird lowered their price target on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Citigroup lowered their target price on shares of QUALCOMM from $185.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a research report on Thursday, May 1st. JPMorgan Chase & Co. restated an "overweight" rating and issued a $185.00 price objective on shares of QUALCOMM in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company cut their target price on QUALCOMM from $175.00 to $140.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $189.88.

QUALCOMM Stock Up 1.1%

Shares of QCOM stock traded up $1.68 on Friday, reaching $149.24. 5,789,125 shares of the company's stock traded hands, compared to its average volume of 8,717,770. The company has a market capitalization of $163.87 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.01 and a beta of 1.26. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $230.63. 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 business's 50 day moving average price is $143.69 and its two-hundred day moving average price is $155.22.

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 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 39.51% and a net margin of 25.94%. The business's revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.44 EPS. On average, equities 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 2.39%. The ex-dividend date is Thursday, June 5th. This is a positive change from QUALCOMM's previous quarterly dividend of $0.85. QUALCOMM's dividend payout ratio is currently 36.25%.

QUALCOMM Company 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.