QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Sharp Financial Services LLC

Sharp Financial Services LLC grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,097 shares of the wireless technology company’s stock after buying an additional 638 shares during the quarter. QUALCOMM comprises 0.7% of Sharp Financial Services LLC’s investment portfolio, making the stock its 27th biggest holding. Sharp Financial Services LLC’s holdings in QUALCOMM were worth $937,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of QCOM. Daymark Wealth Partners LLC raised its holdings in QUALCOMM by 1.7% during the fourth quarter. Daymark Wealth Partners LLC now owns 126,159 shares of the wireless technology company’s stock worth $19,381,000 after purchasing an additional 2,120 shares during the last quarter. Advisory Alpha LLC raised its holdings in QUALCOMM by 9.6% during the fourth quarter. Advisory Alpha LLC now owns 4,328 shares of the wireless technology company’s stock worth $665,000 after purchasing an additional 378 shares during the last quarter. Missouri Trust & Investment Co raised its holdings in QUALCOMM by 3.7% during the fourth quarter. Missouri Trust & Investment Co now owns 3,221 shares of the wireless technology company’s stock worth $495,000 after purchasing an additional 114 shares during the last quarter. XML Financial LLC raised its holdings in QUALCOMM by 0.5% during the fourth quarter. XML Financial LLC now owns 77,129 shares of the wireless technology company’s stock worth $11,849,000 after purchasing an additional 385 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in QUALCOMM by 17.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 499,871 shares of the wireless technology company’s stock worth $76,790,000 after purchasing an additional 74,159 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the sale, the general counsel now owns 19,739 shares in the company, valued at $3,121,130.68. The trade was a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,882 shares of company stock worth $4,314,649. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on QCOM. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a report on Wednesday, November 20th. Evercore ISI boosted their price target on QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Barclays cut their price target on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, January 17th. KeyCorp cut QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Finally, Benchmark reissued a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.57.

QUALCOMM Trading Up 1.8 %

Shares of QCOM opened at $170.24 on Thursday. The stock’s 50-day moving average is $158.86 and its two-hundred day moving average is $168.02. The stock has a market cap of $189.14 billion, a PE ratio of 18.94, a P/E/G ratio of 2.79 and a beta of 1.25. QUALCOMM Incorporated has a 12 month low of $139.26 and a 12 month high of $230.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. Equities analysts forecast that QUALCOMM Incorporated will post 9.12 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.

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.