QUALCOMM Incorporated $QCOM Shares Bought by Venture Visionary Partners LLC

Key Points

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Venture Visionary Partners LLC grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,628 shares of the wireless technology company's stock after buying an additional 2,136 shares during the period. Venture Visionary Partners LLC's holdings in QUALCOMM were worth $9,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC grew its position in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after acquiring an additional 340 shares during the last quarter. Capital Research Global Investors lifted its position in QUALCOMM by 525.5% during the 4th quarter. Capital Research Global Investors now owns 1,413,495 shares of the wireless technology company's stock worth $217,141,000 after acquiring an additional 1,187,531 shares during the last quarter. MML Investors Services LLC lifted its position in QUALCOMM by 2.6% during the 4th quarter. MML Investors Services LLC now owns 283,877 shares of the wireless technology company's stock worth $43,609,000 after acquiring an additional 7,267 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in shares of QUALCOMM in the fourth quarter valued at about $59,000. Institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Up 0.7%

NASDAQ QCOM opened at $158.90 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The business has a fifty day moving average price of $155.80 and a 200 day moving average price of $153.38. The company has a market cap of $171.45 billion, a P/E ratio of 15.32, a P/E/G ratio of 2.30 and a beta of 1.23. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%. The company had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period last year, the business posted $2.33 EPS. QUALCOMM's revenue for the quarter was up 10.4% on a year-over-year basis. Research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio is currently 34.33%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America dropped their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, June 17th. Susquehanna decreased their price target 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. UBS Group raised their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, Seaport Res Ptn upgraded shares of QUALCOMM to a "hold" rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, QUALCOMM currently has a consensus rating of "Hold" and an average price target of $181.10.

Insider Activity

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $148.10, for a total transaction of $493,617.30. Following the completion of the sale, the chief financial officer owned 43,207 shares in the company, valued at $6,398,956.70. The trade was a 7.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 424,099 shares of company stock worth $8,352,355 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

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.

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