QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Xponance Inc.

Xponance Inc. grew its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.6% during the fourth quarter, Holdings Channel reports. The firm owned 272,725 shares of the wireless technology company’s stock after acquiring an additional 4,294 shares during the period. Xponance Inc.’s holdings in QUALCOMM were worth $39,444,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. AIA Group Ltd boosted its stake in shares of QUALCOMM by 290.9% in the fourth quarter. AIA Group Ltd now owns 21,525 shares of the wireless technology company’s stock worth $3,113,000 after buying an additional 16,018 shares during the last quarter. Integral Investment Advisors Inc. boosted its stake in shares of QUALCOMM by 3.0% in the fourth quarter. Integral Investment Advisors Inc. now owns 5,036 shares of the wireless technology company’s stock worth $728,000 after buying an additional 149 shares during the last quarter. Cambridge Trust Co. boosted its stake in shares of QUALCOMM by 59.8% in the fourth 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. Smead Capital Management Inc. boosted its stake in shares of QUALCOMM by 0.7% in the fourth quarter. Smead Capital Management Inc. now owns 747,576 shares of the wireless technology company’s stock worth $108,122,000 after buying an additional 5,230 shares during the last quarter. Finally, Twin Capital Management Inc. boosted its stake in shares of QUALCOMM by 133.4% in the fourth quarter. Twin Capital Management Inc. now owns 21,558 shares of the wireless technology company’s stock worth $3,118,000 after buying an additional 12,322 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $173.49, for a total transaction of $520,470.00. Following the completion of the transaction, the chief financial officer now directly owns 69,343 shares in the company, valued at $12,030,317.07. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Cristiano R. Amon sold 8,100 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the completion of the transaction, the chief executive officer now directly owns 32,400 shares in the company, valued at $4,843,800. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $173.49, for a total value 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. Insiders sold a total of 44,360 shares of company stock valued at $7,184,678 over the last quarter. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on QCOM shares. TD Cowen upped their target price on QUALCOMM from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Susquehanna increased their price target on QUALCOMM from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 10th. Cantor Fitzgerald increased their price target on QUALCOMM from $150.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Citigroup downgraded QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a research report on Thursday, February 1st. Finally, Canaccord Genuity Group increased their price target on QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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 midday trading on Thursday, hitting $161.44. The company had a trading volume of 8,765,390 shares, compared to its average volume of 8,573,931. QUALCOMM Incorporated has a twelve month low of $101.47 and a twelve month high of $177.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.56 and a quick ratio of 1.88. The stock has a market cap of $180.17 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 2.30 and a beta of 1.41. The business’s 50-day simple moving average is $164.47 and its 200-day simple moving average is $142.20.

QUALCOMM (NASDAQ:QCOM) last posted 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. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.50 billion. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. On average, research analysts predict that QUALCOMM Incorporated will post 7.69 earnings per share for the current year.

QUALCOMM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.85 per share. This is a boost from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 2.11%. QUALCOMM’s dividend payout ratio (DPR) is 46.38%.

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.