QUALCOMM Incorporated (NASDAQ:QCOM) Stock Position Raised by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 12.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,993 shares of the wireless technology company's stock after purchasing an additional 2,778 shares during the quarter. Mission Creek Capital Partners Inc.'s holdings in QUALCOMM were worth $3,993,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QCOM. Berger Financial Group Inc grew its stake in QUALCOMM by 2.6% during the fourth quarter. Berger Financial Group Inc now owns 34,692 shares of the wireless technology company's stock worth $5,329,000 after buying an additional 868 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of QUALCOMM during the 4th quarter valued at $25,035,000. Virtus ETF Advisers LLC boosted its position in QUALCOMM by 36.0% during the 4th quarter. Virtus ETF Advisers LLC now owns 6,686 shares of the wireless technology company's stock worth $1,027,000 after purchasing an additional 1,769 shares during the period. Coldstream Capital Management Inc. increased its holdings in QUALCOMM by 2.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 47,415 shares of the wireless technology company's stock valued at $7,284,000 after purchasing an additional 974 shares in the last quarter. Finally, Capital Analysts LLC raised its position in QUALCOMM by 3.9% in the fourth quarter. Capital Analysts LLC now owns 22,884 shares of the wireless technology company's stock valued at $3,515,000 after purchasing an additional 854 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on QCOM shares. Barclays lowered their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Citigroup lowered their price objective on shares of QUALCOMM from $185.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Rosenblatt Securities reissued a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a research report on Thursday. TD Cowen lowered their price target on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Robert W. Baird cut their price objective on shares of QUALCOMM from $250.00 to $216.00 and set an "outperform" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, QUALCOMM has an average rating of "Hold" and an average price target of $195.00.

QUALCOMM Price Performance

QCOM stock traded down $11.72 during trading on Thursday, hitting $136.74. The company had a trading volume of 14,436,439 shares, compared to its average volume of 8,535,065. The firm has a market capitalization of $151.23 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average of $148.68 and a 200 day moving average of $159.06. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data 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. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. The business had revenue of $10.98 billion during the quarter, compared to analysts' expectations of $10.58 billion. During the same period last year, the firm posted $2.44 earnings per share. The business's revenue was up 17.0% on a year-over-year basis. As a group, research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, June 5th. This is a boost from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a dividend yield of 2.60%. QUALCOMM's dividend payout ratio (DPR) is 38.03%.

Insider Activity

In related news, CAO Neil Martin sold 744 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the sale, the chief accounting officer now directly owns 461 shares of the company's stock, valued at $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 269 shares of QUALCOMM stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $131.10, for a total transaction of $35,265.90. Following the completion of the transaction, the chief financial officer now owns 57,728 shares in the company, valued at approximately $7,568,140.80. This trade represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,666 shares of company stock worth $5,047,052 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

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.