QUALCOMM Incorporated (NASDAQ:QCOM) Stake Boosted by Inspire Investing LLC

Inspire Investing LLC increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,544 shares of the wireless technology company’s stock after acquiring an additional 536 shares during the quarter. Inspire Investing LLC’s holdings in QUALCOMM were worth $3,002,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wescott Financial Advisory Group LLC bought a new position in QUALCOMM in the 2nd quarter worth about $449,000. Fred Alger Management LLC boosted its position in shares of QUALCOMM by 5.8% during the second quarter. Fred Alger Management LLC now owns 55,972 shares of the wireless technology company’s stock worth $11,149,000 after buying an additional 3,078 shares during the period. Toronto Dominion Bank grew its holdings in QUALCOMM by 6.2% in the 2nd quarter. Toronto Dominion Bank now owns 767,394 shares of the wireless technology company’s stock worth $152,850,000 after buying an additional 44,618 shares in the last quarter. Kingfisher Capital LLC increased its position in QUALCOMM by 4.7% in the 2nd quarter. Kingfisher Capital LLC now owns 1,820 shares of the wireless technology company’s stock valued at $362,000 after acquiring an additional 81 shares during the period. Finally, Alpha DNA Investment Management LLC boosted its position in QUALCOMM by 32.8% during the 2nd quarter. Alpha DNA Investment Management LLC now owns 6,045 shares of the wireless technology company’s stock worth $1,204,000 after acquiring an additional 1,492 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the sale, the general counsel now directly owns 12,007 shares in the company, valued at approximately $1,981,875.42. This represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,882 shares of company stock worth $4,314,649. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on QCOM. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Citigroup decreased their price target on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research note on Thursday, November 7th. Barclays decreased their price target on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, UBS Group increased their price objective on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.57.

QUALCOMM Stock Up 1.8 %

Shares of QCOM opened at $170.24 on Thursday. The firm has a market capitalization of $189.14 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.79 and a beta of 1.25. QUALCOMM Incorporated has a 52 week low of $139.26 and a 52 week high of $230.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The business’s fifty day moving average price is $159.05 and its two-hundred day moving average price is $168.04.

QUALCOMM (NASDAQ:QCOM) last released its earnings results 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. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. On average, analysts predict that QUALCOMM Incorporated will post 9.12 earnings per share for the current year.

QUALCOMM Announces Dividend

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