QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 27.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,621,300 shares of the wireless technology company's stock after purchasing an additional 559,400 shares during the period. QUALCOMM comprises approximately 0.9% of Two Sigma Advisers LP's holdings, making the stock its 24th largest holding. Two Sigma Advisers LP owned about 0.24% of QUALCOMM worth $402,684,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its holdings in QUALCOMM by 21.9% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 27,596 shares of the wireless technology company's stock valued at $4,239,000 after purchasing an additional 4,955 shares during the period. Howard Bailey Securities LLC purchased a new position in shares of QUALCOMM during the 4th quarter worth approximately $240,000. Greenup Street Wealth Management LLC purchased a new position in shares of QUALCOMM during the 4th quarter worth approximately $2,256,000. Teza Capital Management LLC purchased a new position in shares of QUALCOMM during the 4th quarter worth approximately $1,541,000. Finally, MFA Wealth Services purchased a new position in shares of QUALCOMM during the 4th quarter worth approximately $457,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insiders Place Their Bets

In other news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the sale, the insider now directly owns 24,393 shares of the company's stock, valued at $3,762,376.32. This represents a 6.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $139.77, for a total transaction of $465,853.41. Following the transaction, the chief financial officer now owns 53,112 shares of the company's stock, valued at approximately $7,423,464.24. This trade represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,312 shares of company stock worth $1,948,379 over the last 90 days. Company insiders own 0.08% of the company's stock.

QUALCOMM Trading Down 1.6%

QCOM traded down $2.51 on Wednesday, hitting $151.31. The company had a trading volume of 9,679,430 shares, compared to its average volume of 8,897,571. The company has a market cap of $166.14 billion, a PE ratio of 16.17, a PEG ratio of 2.01 and a beta of 1.29. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $230.63. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The business's fifty day simple moving average is $145.89 and its 200 day simple moving average is $156.67.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.03. The business had revenue of $10.98 billion during the quarter, compared to analyst estimates of $10.58 billion. QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. The company's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.44 earnings per share. Equities research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.89 per share. The ex-dividend date is Thursday, June 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.35%. This is a positive change from QUALCOMM's previous quarterly dividend of $0.85. QUALCOMM's dividend payout ratio is currently 36.25%.

Analyst Ratings Changes

A number of research analysts have weighed in on QCOM shares. Susquehanna reduced their target price on QUALCOMM from $210.00 to $190.00 and set a "positive" rating on the stock in a report on Thursday, May 1st. Robert W. Baird cut their price target on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. TD Cowen cut their price target on QUALCOMM from $195.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Loop Capital cut their price target on QUALCOMM from $180.00 to $155.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. Finally, Citigroup cut 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 analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, QUALCOMM has an average rating of "Hold" and an average price target of $192.08.

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.