Virtus ETF Advisers LLC Has $1.03 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Virtus ETF Advisers LLC increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,686 shares of the wireless technology company's stock after purchasing an additional 1,769 shares during the quarter. Virtus ETF Advisers LLC's holdings in QUALCOMM were worth $1,027,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of QUALCOMM in the fourth quarter valued at $26,000. CKW Financial Group purchased a new position in shares of QUALCOMM in the fourth quarter valued at $27,000. Centricity Wealth Management LLC purchased a new position in shares of QUALCOMM in the fourth quarter valued at $29,000. CoreFirst Bank & Trust purchased a new position in shares of QUALCOMM in the fourth quarter valued at $33,000. Finally, Synergy Asset Management LLC purchased a new position in shares of QUALCOMM in the fourth quarter valued at $38,000. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM traded up $1.53 during midday trading on Wednesday, hitting $148.41. The company's stock had a trading volume of 6,640,499 shares, compared to its average volume of 8,889,216. The stock has a market capitalization of $164.14 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 2.01 and a beta of 1.28. The stock's 50 day simple moving average is $149.02 and its 200 day simple moving average is $159.13. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $230.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, June 5th. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a yield of 2.40%. QUALCOMM's dividend payout ratio (DPR) is 38.03%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on QCOM. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $185.00 price objective on shares of QUALCOMM in a research note on Tuesday. StockNews.com lowered QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Citigroup decreased their price objective on QUALCOMM from $185.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Mizuho decreased their price objective on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $200.86.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 648 shares of the firm's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $141.11, for a total transaction of $91,439.28. Following the completion of the transaction, the chief financial officer now owns 56,445 shares in the company, valued at $7,964,953.95. This trade represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander H. Rogers sold 19,287 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the transaction, the insider now directly owns 20,762 shares in the company, valued at $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,666 shares of company stock valued at $5,047,052 over the last three months. 0.08% of the stock is owned by corporate insiders.

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.