Keel Point LLC Buys 2,089 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Keel Point LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,858 shares of the wireless technology company's stock after buying an additional 2,089 shares during the period. Keel Point LLC's holdings in QUALCOMM were worth $4,587,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QCOM. Eagle Strategies LLC raised its holdings 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 worth $219,000 after buying an additional 59 shares during the period. TBH Global Asset Management LLC boosted its position in shares of QUALCOMM by 0.9% in the 4th quarter. TBH Global Asset Management LLC now owns 7,050 shares of the wireless technology company's stock worth $1,083,000 after purchasing an additional 63 shares in the last quarter. PDS Planning Inc increased its stake in QUALCOMM by 1.6% during the 4th quarter. PDS Planning Inc now owns 4,110 shares of the wireless technology company's stock valued at $631,000 after purchasing an additional 64 shares in the last quarter. CFS Investment Advisory Services LLC lifted its holdings in shares of QUALCOMM by 1.1% during the fourth quarter. CFS Investment Advisory Services LLC now owns 6,050 shares of the wireless technology company's stock worth $929,000 after purchasing an additional 65 shares during the period. Finally, Toth Financial Advisory Corp boosted its holdings in QUALCOMM by 3.1% in the fourth quarter. Toth Financial Advisory Corp now owns 2,190 shares of the wireless technology company's stock valued at $336,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on QCOM. Benchmark dropped their price objective on shares of QUALCOMM from $240.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday. Mizuho cut their target price on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Citigroup decreased their price target 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. Susquehanna lowered their price objective on QUALCOMM from $210.00 to $190.00 and set a "positive" rating on the stock in a report on Thursday. Finally, Wells Fargo & Company reduced their target price on QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, QUALCOMM presently has an average rating of "Hold" and a consensus price target of $192.58.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 269 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $131.10, for a total value of $35,265.90. Following the completion of the transaction, the chief financial officer now owns 57,728 shares in the company, valued at $7,568,140.80. This represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander H. Rogers sold 19,287 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now directly owns 20,762 shares in the company, valued at approximately $3,526,010.46. This trade represents a 48.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,266 shares of company stock valued at $5,267,436 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Up 0.0 %

QCOM traded up $0.05 during trading on Monday, reaching $139.86. The company had a trading volume of 2,732,796 shares, compared to its average volume of 8,860,245. The company has a market cap of $154.68 billion, a P/E ratio of 14.94, a PEG ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $230.63. The business's fifty day moving average price is $147.74 and its 200 day moving average price is $158.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results 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. QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. The firm had revenue of $10.98 billion for the quarter, compared to analyst estimates of $10.58 billion. During the same quarter in the previous year, the firm earned $2.44 EPS. The business's quarterly revenue was up 17.0% on a year-over-year basis. Equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be paid a $0.89 dividend. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $3.56 annualized dividend and a yield of 2.55%. QUALCOMM's dividend payout ratio is presently 36.25%.

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.