Sather Financial Group Inc Raises Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Sather Financial Group Inc lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,547 shares of the wireless technology company's stock after acquiring an additional 18,090 shares during the quarter. QUALCOMM accounts for about 3.0% of Sather Financial Group Inc's holdings, making the stock its 16th biggest position. Sather Financial Group Inc's holdings in QUALCOMM were worth $36,377,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of QCOM. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of QUALCOMM by 97,298.7% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 654,605,268 shares of the wireless technology company's stock valued at $77,924,211,000 after buying an additional 653,933,180 shares in the last quarter. BlackRock Inc. increased its holdings in QUALCOMM by 1.4% during the 2nd quarter. BlackRock Inc. now owns 85,088,444 shares of the wireless technology company's stock valued at $10,128,928,000 after acquiring an additional 1,191,089 shares in the last quarter. State Street Corp increased its stake in shares of QUALCOMM by 1.1% during the 2nd quarter. State Street Corp now owns 49,042,212 shares of the wireless technology company's stock worth $5,837,985,000 after purchasing an additional 549,861 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in QUALCOMM by 117,461.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,587,893 shares of the wireless technology company's stock valued at $2,703,193,000 after buying an additional 24,566,978 shares during the last quarter. Finally, Morgan Stanley increased its position in QUALCOMM by 22.2% during the fourth quarter. Morgan Stanley now owns 21,602,874 shares of the wireless technology company's stock worth $2,375,020,000 after buying an additional 3,929,586 shares in the last quarter. Institutional investors and hedge funds own 71.10% of the company's stock.

Insider Buying and Selling

In other news, insider Alexander H. Rogers sold 6,001 shares of the business's stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $110.40, for a total value of $662,510.40. Following the completion of the sale, the insider now owns 25,229 shares of the company's stock, valued at approximately $2,785,281.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other QUALCOMM news, CAO Neil Martin sold 3,098 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $402,740.00. Following the sale, the chief accounting officer now directly owns 247 shares of the company's stock, valued at $32,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander H. Rogers sold 6,001 shares of QUALCOMM stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $110.40, for a total transaction of $662,510.40. Following the completion of the transaction, the insider now directly owns 25,229 shares of the company's stock, valued at $2,785,281.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,099 shares of company stock worth $2,502,630. Insiders own 0.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. DZ Bank upgraded QUALCOMM from a "hold" rating to a "buy" rating and set a $140.00 price objective on the stock in a report on Friday, November 3rd. Morgan Stanley lowered shares of QUALCOMM from an "overweight" rating to an "equal weight" rating and upped their price target for the stock from $119.00 to $132.00 in a research report on Friday, December 8th. Wells Fargo & Company lifted their price target on shares of QUALCOMM from $95.00 to $100.00 and gave the company an "underweight" rating in a report on Tuesday, September 12th. Rosenblatt Securities restated a "buy" rating and set a $145.00 price objective on shares of QUALCOMM in a report on Thursday, September 14th. Finally, KeyCorp reiterated an "overweight" rating and issued a $145.00 target price on shares of QUALCOMM in a report on Thursday, September 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $138.50.

QUALCOMM Stock Up 0.6 %

QCOM stock traded up $0.90 during trading on Thursday, reaching $146.62. The stock had a trading volume of 2,308,454 shares, compared to its average volume of 8,117,499. The firm has a fifty day moving average price of $126.84 and a 200 day moving average price of $119.74. The company has a current ratio of 2.33, a quick ratio of 1.67 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $163.19 billion, a P/E ratio of 22.84, a PEG ratio of 1.62 and a beta of 1.24. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $146.89.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.45 by $0.14. QUALCOMM had a return on equity of 37.85% and a net margin of 20.19%. The business had revenue of $8.63 billion for the quarter, compared to analysts' expectations of $8.55 billion. On average, equities analysts anticipate that QUALCOMM Incorporated will post 7.18 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Wednesday, November 29th. QUALCOMM's payout ratio is currently 49.84%.

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.

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