SSA Swiss Advisors AG Makes New Investment in QUALCOMM Incorporated (NASDAQ:QCOM)

Key Points

• SSA Swiss Advisors AG has acquired a new stake in QUALCOMM, purchasing 19,427 shares valued at approximately $2.98 million, representing about 1.5% of their investment portfolio.
• Several other institutional investors, including Geode Capital Management and Northern Trust Corp, have increased their holdings in QUALCOMM, reflecting strong interest with 74.35% of the company's stock owned by institutional investors.
• QUALCOMM recently declared a quarterly dividend of $0.89 per share, which will be paid on September 25th to investors of record on September 4th.

SSA Swiss Advisors AG acquired a new position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,427 shares of the wireless technology company's stock, valued at approximately $2,982,000. QUALCOMM comprises approximately 1.5% of SSA Swiss Advisors AG's holdings, making the stock its 29th biggest position.

Several other large investors have also modified their holdings of the company. Eagle Strategies LLC lifted its stake in shares of QUALCOMM by 4.3% in the fourth quarter. Eagle Strategies LLC now owns 1,427 shares of the wireless technology company's stock valued at $219,000 after buying an additional 59 shares during the period. Clark Capital Management Group Inc. raised its holdings in QUALCOMM by 3.6% in the 4th quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company's stock valued at $264,000 after acquiring an additional 59 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of QUALCOMM by 2.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock worth $509,000 after acquiring an additional 69 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 70 shares in the last quarter. Finally, Circle Wealth Management LLC grew its holdings in shares of QUALCOMM by 1.0% during the 4th quarter. Circle Wealth Management LLC now owns 7,176 shares of the wireless technology company's stock worth $1,102,000 after purchasing an additional 74 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Trading Down 1.9%

Shares of QUALCOMM stock traded down $3.02 on Wednesday, hitting $159.06. 14,086,123 shares of the company's stock traded hands, compared to its average volume of 6,463,369. The firm's 50-day moving average price is $155.06 and its two-hundred day moving average price is $155.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.73 and a quick ratio of 2.08. The stock has a market capitalization of $174.65 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 2.08 and a beta of 1.26. 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 released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $10.58 billion. QUALCOMM had a net margin of 26.11% and a return on equity of 40.11%. QUALCOMM's quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.44 EPS. On average, research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a $0.89 dividend. The ex-dividend date is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.24%. QUALCOMM's dividend payout ratio (DPR) is currently 36.25%.

Insiders Place Their Bets

In related news, major shareholder Inc/De Qualcomm sold 412,500 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $6,600,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $137.74, for a total transaction of $220,384.00. Following the completion of the sale, the insider owned 22,793 shares in the company, valued at $3,139,507.82. This trade represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 424,099 shares of company stock worth $8,310,735. Company insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

QCOM has been the subject of several research reports. Bank of America reduced their target price on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, June 17th. Cantor Fitzgerald restated a "neutral" rating and issued a $150.00 price objective on shares of QUALCOMM in a research note on Thursday, May 1st. Loop Capital decreased their target price on shares of QUALCOMM from $180.00 to $155.00 and set a "hold" rating on the stock in a research report on Thursday, May 1st. Evercore ISI lowered their target price on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Finally, Robert W. Baird cut their price target on shares of QUALCOMM from $250.00 to $216.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $183.95.

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.