Bank Julius Baer & Co. Ltd Zurich Increases Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Bank Julius Baer & Co. Ltd Zurich increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 700,131 shares of the wireless technology company's stock after purchasing an additional 21,938 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.06% of QUALCOMM worth $101,260,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in QUALCOMM by 12,998.7% during the fourth quarter. International Assets Investment Management LLC now owns 3,006,156 shares of the wireless technology company's stock worth $434,780,000 after buying an additional 2,983,206 shares in the last quarter. Pacer Advisors Inc. grew its position in QUALCOMM by 1,543.8% during the fourth quarter. Pacer Advisors Inc. now owns 2,831,577 shares of the wireless technology company's stock worth $409,531,000 after buying an additional 2,659,323 shares in the last quarter. Barclays PLC grew its position in QUALCOMM by 53.6% during the third quarter. Barclays PLC now owns 5,283,274 shares of the wireless technology company's stock worth $586,760,000 after buying an additional 1,842,868 shares in the last quarter. Invesco Ltd. grew its position in QUALCOMM by 15.7% during the third quarter. Invesco Ltd. now owns 9,249,675 shares of the wireless technology company's stock worth $1,027,269,000 after buying an additional 1,253,173 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in QUALCOMM by 48.8% during the fourth quarter. California Public Employees Retirement System now owns 3,324,303 shares of the wireless technology company's stock worth $480,794,000 after buying an additional 1,090,504 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Stock Down 0.2 %

Shares of QCOM stock traded down $0.33 during midday trading on Thursday, reaching $163.30. 6,212,797 shares of the stock were exchanged, compared to its average volume of 8,540,617. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. The firm has a market cap of $182.24 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.21 and a beta of 1.41. The company's 50 day moving average is $165.43 and its two-hundred day moving average is $143.97. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $177.59.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.43. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.50 billion. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. On average, equities research analysts predict that QUALCOMM Incorporated will post 7.64 EPS for the current year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $3.40 annualized dividend and a dividend yield of 2.08%. This is an increase from QUALCOMM's previous quarterly dividend of $0.80. QUALCOMM's dividend payout ratio is presently 46.38%.

Analysts Set New Price Targets

QCOM has been the subject of several recent analyst reports. Susquehanna boosted their target price on QUALCOMM from $175.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their price target on QUALCOMM from $173.00 to $170.00 and set an "overweight" rating for the company in a research note on Thursday, February 1st. Mizuho lifted their price target on QUALCOMM from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, February 1st. Benchmark initiated coverage on QUALCOMM in a research note on Tuesday. They set a "buy" rating and a $200.00 price target for the company. Finally, Canaccord Genuity Group lifted their price target on QUALCOMM from $152.00 to $175.00 and gave the stock a "buy" rating in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, QUALCOMM presently has an average rating of "Moderate Buy" and a consensus target price of $158.86.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 371 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the sale, the chief accounting officer now directly owns 689 shares in the company, valued at approximately $103,232.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Neil Martin sold 371 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the transaction, the chief accounting officer now directly owns 689 shares of the company's stock, valued at approximately $103,232.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $173.49, for a total value of $520,470.00. Following the transaction, the chief financial officer now directly owns 69,343 shares in the company, valued at $12,030,317.07. The disclosure for this sale can be found here. Insiders have sold 36,260 shares of company stock worth $5,973,728 in the last 90 days. Insiders own 0.08% of the company's stock.

About QUALCOMM

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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