Zhang Financial LLC Has $875,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Zhang Financial LLC boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,694 shares of the wireless technology company’s stock after buying an additional 172 shares during the quarter. Zhang Financial LLC’s holdings in QUALCOMM were worth $875,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in QUALCOMM by 20.9% during the second quarter. EverSource Wealth Advisors LLC now owns 6,879 shares of the wireless technology company’s stock worth $1,370,000 after acquiring an additional 1,187 shares in the last quarter. DRW Securities LLC raised its position in QUALCOMM by 108.3% during the second quarter. DRW Securities LLC now owns 7,942 shares of the wireless technology company’s stock worth $1,581,000 after acquiring an additional 103,784 shares in the last quarter. Public Sector Pension Investment Board increased its position in QUALCOMM by 75.5% during the second quarter. Public Sector Pension Investment Board now owns 43,177 shares of the wireless technology company’s stock worth $8,600,000 after buying an additional 18,577 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of QUALCOMM during the 2nd quarter worth approximately $2,983,000. Finally, Xponance Inc. boosted its holdings in shares of QUALCOMM by 2.5% during the second quarter. Xponance Inc. now owns 283,479 shares of the wireless technology company’s stock worth $56,463,000 after acquiring an additional 6,889 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

NASDAQ QCOM opened at $164.56 on Tuesday. The firm’s 50-day simple moving average is $158.85 and its two-hundred day simple moving average is $168.57. The company has a market cap of $182.83 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 2.63 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 quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.25. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. Research analysts predict that QUALCOMM Incorporated will post 9.09 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 2.07%. QUALCOMM’s dividend payout ratio is currently 37.82%.

Insiders Place Their Bets

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $161.54, for a total transaction of $484,620.00. Following the completion of the sale, the chief financial officer now directly owns 48,778 shares in the company, valued at $7,879,598.12. This represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the sale, the general counsel now directly owns 19,739 shares of the company’s stock, valued at approximately $3,121,130.68. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,882 shares of company stock valued at $4,314,649 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of recent research reports. KeyCorp lowered shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. UBS Group increased their price target on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley cut their target price on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Barclays decreased their price target on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Mizuho decreased their target price on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average target price of $206.57.

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.