QUALCOMM Incorporated (NASDAQ:QCOM) Stake Lifted by Metis Global Partners LLC

Metis Global Partners LLC boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 8.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,168 shares of the wireless technology company's stock after purchasing an additional 4,939 shares during the period. Metis Global Partners LLC's holdings in QUALCOMM were worth $9,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of QUALCOMM by 0.4% during the 3rd 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. Morgan Stanley increased its stake in QUALCOMM by 2.2% during the third quarter. Morgan Stanley now owns 20,767,489 shares of the wireless technology company's stock valued at $2,306,438,000 after acquiring an additional 438,660 shares during the period. Northern Trust Corp raised its holdings in QUALCOMM by 3.5% in the 3rd quarter. Northern Trust Corp now owns 12,291,482 shares of the wireless technology company's stock valued at $1,365,092,000 after acquiring an additional 415,398 shares in the last quarter. Invesco Ltd. lifted its position in shares of QUALCOMM by 15.7% in the 3rd quarter. Invesco Ltd. now owns 9,249,675 shares of the wireless technology company's stock worth $1,027,269,000 after acquiring an additional 1,253,173 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of QUALCOMM by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,058,454 shares of the wireless technology company's stock worth $672,852,000 after purchasing an additional 128,373 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Activity

In other news, CAO Neil Martin sold 371 shares of the company's stock in a transaction dated 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 $103,232.87. The sale was disclosed in a document filed with the SEC, which is available at this link. In other QUALCOMM news, CAO Neil Martin sold 371 shares of the firm's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total value of $55,586.93. Following the completion of the transaction, the chief accounting officer now directly owns 689 shares of the company's stock, valued at approximately $103,232.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $173.49, for a total transaction of $520,470.00. Following the transaction, the chief financial officer now owns 69,343 shares of the company's stock, valued at $12,030,317.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,260 shares of company stock worth $7,429,728. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Down 0.3 %

NASDAQ QCOM traded down $0.46 during trading hours on Friday, reaching $179.64. 10,043,912 shares of the company's stock were exchanged, compared to its average volume of 8,171,053. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.88 and a current ratio of 2.65. The company has a market capitalization of $200.48 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.46 and a beta of 1.33. The company's 50-day moving average is $167.69 and its two-hundred day moving average is $147.08. QUALCOMM Incorporated has a one year low of $101.47 and a one year high of $183.19.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.43. QUALCOMM had a return on equity of 37.09% and a net margin of 23.03%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. On average, analysts forecast that QUALCOMM Incorporated will post 7.64 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be issued a $0.85 dividend. This is a positive change from QUALCOMM's previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, May 30th. QUALCOMM's dividend payout ratio (DPR) is presently 43.01%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on QCOM shares. HSBC upped their target price on QUALCOMM from $170.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, April 30th. Wells Fargo & Company raised their price objective on shares of QUALCOMM from $120.00 to $140.00 and gave the stock an "underweight" rating in a report on Thursday. Barclays upped their target price on shares of QUALCOMM from $155.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday. UBS Group raised their price target on shares of QUALCOMM from $165.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Benchmark reiterated a "buy" rating and issued a $200.00 price objective on shares of QUALCOMM in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, QUALCOMM presently has an average rating of "Moderate Buy" and a consensus price target of $179.36.

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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