Capital Management Corp VA increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,759 shares of the wireless technology company's stock after purchasing an additional 5,037 shares during the quarter. QUALCOMM comprises about 3.2% of Capital Management Corp VA's portfolio, making the stock its 8th biggest holding. Capital Management Corp VA's holdings in QUALCOMM were worth $16,164,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in QUALCOMM by 0.4% in the third quarter. Vanguard Group Inc. now owns 110,717,388 shares of the wireless technology company's stock worth $12,296,273,000 after purchasing an additional 483,390 shares during the period. State Street Corp lifted its holdings in QUALCOMM by 2.5% in the first quarter. State Street Corp now owns 48,492,351 shares of the wireless technology company's stock worth $6,186,652,000 after purchasing an additional 1,183,406 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in QUALCOMM by 117,461.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,587,893 shares of the wireless technology company's stock worth $2,703,193,000 after purchasing an additional 24,566,978 shares during the period. Morgan Stanley lifted its holdings in QUALCOMM by 22.2% in the 4th quarter. Morgan Stanley now owns 21,602,874 shares of the wireless technology company's stock valued at $2,375,020,000 after acquiring an additional 3,929,586 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in QUALCOMM by 7.0% in the 2nd quarter. Alliancebernstein L.P. now owns 18,042,933 shares of the wireless technology company's stock valued at $2,147,831,000 after acquiring an additional 1,178,546 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on QCOM shares. Mizuho upped their price target on shares of QUALCOMM from $155.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, February 1st. Citigroup downgraded shares of QUALCOMM from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a report on Thursday, February 1st. KeyCorp upped their price target on shares of QUALCOMM from $180.00 to $205.00 and gave the company an "overweight" rating in a report on Monday, April 8th. JPMorgan Chase & Co. cut their price target on shares of QUALCOMM from $173.00 to $170.00 and set an "overweight" rating for the company in a report on Thursday, February 1st. Finally, Canaccord Genuity Group upped their price target on shares of QUALCOMM from $152.00 to $175.00 and gave the company a "buy" rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.90.
Check Out Our Latest Stock Analysis on QUALCOMM
QUALCOMM Stock Down 2.4 %
NASDAQ:QCOM traded down $3.81 during mid-day trading on Friday, reaching $157.63. The stock had a trading volume of 10,292,182 shares, compared to its average volume of 6,247,785. The business's 50 day moving average is $164.87 and its 200 day moving average is $142.89. QUALCOMM Incorporated has a fifty-two week low of $101.47 and a fifty-two week high of $177.59. The stock has a market cap of $175.92 billion, a P/E ratio of 22.84, a PEG ratio of 2.20 and a beta of 1.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.56 and a quick ratio of 1.88.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $0.43. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.50 billion. As a group, sell-side analysts predict that QUALCOMM Incorporated will post 7.69 earnings per share for the current year.
QUALCOMM Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be issued a $0.85 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.40 dividend on an annualized basis and a yield of 2.16%. This is an increase from QUALCOMM's previous quarterly dividend of $0.80. QUALCOMM's dividend payout ratio is currently 46.38%.
Insider Buying and Selling
In related news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $159.39, for a total value of $1,275,120.00. Following the transaction, the chief technology officer now owns 269,893 shares in the company, valued at $43,018,245.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $159.39, for a total transaction of $1,275,120.00. Following the completion of the sale, the chief technology officer now owns 269,893 shares of the company's stock, valued at $43,018,245.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $173.49, for a total value of $520,470.00. Following the sale, the chief financial officer now directly owns 69,343 shares of the company's stock, valued at approximately $12,030,317.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,260 shares of company stock worth $5,973,728. Insiders own 0.08% of the company's stock.
QUALCOMM Company Profile
(
Free Report)
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.
Featured Articles
Before you consider QUALCOMM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QUALCOMM wasn't on the list.
While QUALCOMM currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
