Fidelis Capital Partners LLC Raises Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Fidelis Capital Partners LLC lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,062 shares of the wireless technology company’s stock after buying an additional 216 shares during the quarter. Fidelis Capital Partners LLC’s holdings in QUALCOMM were worth $1,600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Western Wealth Management LLC raised its stake in shares of QUALCOMM by 1.0% during the fourth quarter. Western Wealth Management LLC now owns 34,391 shares of the wireless technology company’s stock worth $4,974,000 after purchasing an additional 350 shares during the last quarter. Xponance Inc. boosted its stake in shares of QUALCOMM by 1.6% during the fourth quarter. Xponance Inc. now owns 272,725 shares of the wireless technology company’s stock valued at $39,444,000 after acquiring an additional 4,294 shares during the last quarter. AIA Group Ltd boosted its stake in shares of QUALCOMM by 290.9% during the fourth quarter. AIA Group Ltd now owns 21,525 shares of the wireless technology company’s stock valued at $3,113,000 after acquiring an additional 16,018 shares during the last quarter. Integral Investment Advisors Inc. boosted its stake in shares of QUALCOMM by 3.0% during the fourth quarter. Integral Investment Advisors Inc. now owns 5,036 shares of the wireless technology company’s stock valued at $728,000 after acquiring an additional 149 shares during the last quarter. Finally, Cambridge Trust Co. boosted its stake in QUALCOMM by 59.8% in the 4th quarter. Cambridge Trust Co. now owns 10,735 shares of the wireless technology company’s stock worth $1,553,000 after buying an additional 4,016 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 371 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the sale, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at $103,232.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $159.50, for a total value of $1,291,950.00. Following the sale, the chief executive officer now owns 24,300 shares of the company’s stock, valued at $3,875,850. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Neil Martin sold 371 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,360 shares of company stock valued at $7,184,678. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on QCOM shares. Barclays raised their price objective on QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Mizuho lifted their target price on QUALCOMM from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Cantor Fitzgerald lifted their target price on QUALCOMM from $150.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Rosenblatt Securities boosted their price objective on QUALCOMM from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, KeyCorp upped their price objective on shares of QUALCOMM from $180.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average target price of $156.90.

QUALCOMM Price Performance

Shares of NASDAQ QCOM traded down $2.88 during trading hours on Thursday, hitting $161.44. 9,205,438 shares of the stock were exchanged, compared to its average volume of 8,615,317. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $177.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56. The company has a market cap of $180.17 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.30 and a beta of 1.41. The company’s fifty day simple moving average is $164.47 and its two-hundred day simple moving average is $142.20.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results 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 net margin of 21.39% and a return on equity of 38.06%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. On average, sell-side analysts predict that QUALCOMM Incorporated will post 7.69 EPS for the current year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be paid a $0.85 dividend. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, May 30th. QUALCOMM’s payout ratio is 46.38%.

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.