V Square Quantitative Management LLC Acquires 4,499 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

V Square Quantitative Management LLC lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 284.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,079 shares of the wireless technology company's stock after purchasing an additional 4,499 shares during the quarter. V Square Quantitative Management LLC's holdings in QUALCOMM were worth $1,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of QCOM. Oak Family Advisors LLC lifted its holdings in QUALCOMM by 49.2% in the 1st quarter. Oak Family Advisors LLC now owns 70,937 shares of the wireless technology company's stock worth $12,010,000 after purchasing an additional 23,406 shares during the last quarter. Berkshire Bank raised its position in shares of QUALCOMM by 34.1% in the first quarter. Berkshire Bank now owns 2,134 shares of the wireless technology company's stock valued at $361,000 after purchasing an additional 543 shares during the period. Fulcrum Equity Management acquired a new stake in shares of QUALCOMM in the first quarter worth $307,000. Premier Path Wealth Partners LLC boosted its holdings in shares of QUALCOMM by 11.2% during the 1st quarter. Premier Path Wealth Partners LLC now owns 5,050 shares of the wireless technology company's stock worth $838,000 after buying an additional 507 shares during the period. Finally, Dakota Wealth Management grew its stake in QUALCOMM by 121.8% in the 1st quarter. Dakota Wealth Management now owns 42,858 shares of the wireless technology company's stock valued at $7,256,000 after buying an additional 23,532 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

QUALCOMM Price Performance

NASDAQ:QCOM traded up $3.09 on Tuesday, reaching $200.85. The stock had a trading volume of 11,447,541 shares, compared to its average volume of 8,614,754. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $224.15 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 2.40 and a beta of 1.33. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $201.98. The stock has a fifty day moving average price of $173.30 and a 200-day moving average price of $153.70.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, May 30th. 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 yield of 1.69%. QUALCOMM's dividend payout ratio is 43.01%.

Insider Activity at QUALCOMM

In other news, Director Sylvia Acevedo sold 2,056 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.21, for a total transaction of $366,399.76. Following the sale, the director now owns 54 shares in the company, valued at $9,623.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Sylvia Acevedo sold 2,056 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.21, for a total value of $366,399.76. Following the completion of the transaction, the director now owns 54 shares in the company, valued at approximately $9,623.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Neil Smit sold 3,069 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $200.94, for a total value of $616,684.86. Following the completion of the transaction, the director now owns 5,902 shares in the company, valued at $1,185,947.88. The disclosure for this sale can be found here. Insiders sold 69,329 shares of company stock valued at $12,095,114 in the last three months. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on QCOM shares. Citigroup raised their price target on QUALCOMM from $160.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, May 2nd. KeyCorp upped their price target on QUALCOMM from $180.00 to $205.00 and gave the stock an "overweight" rating in a report on Monday, April 8th. Evercore ISI started coverage on shares of QUALCOMM in a research note on Tuesday, April 16th. They issued an "in-line" rating and a $177.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $170.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. Finally, Wells Fargo & Company boosted 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, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $180.48.

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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