Cwm LLC boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 18.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,159 shares of the wireless technology company’s stock after buying an additional 31,170 shares during the period. Cwm LLC’s holdings in QUALCOMM were worth $32,633,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of QCOM. Vermillion & White Wealth Management Group LLC increased its position in QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 93 shares during the period. Harbor Capital Advisors Inc. grew its position in QUALCOMM by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 65 shares during the last quarter. Chung Wu Investment Group LLC bought a new position in shares of QUALCOMM during the 2nd quarter worth about $32,000. Harbor Asset Planning Inc. acquired a new position in shares of QUALCOMM during the second quarter valued at about $32,000. Finally, Winnow Wealth LLC bought a new stake in shares of QUALCOMM in the second quarter valued at about $32,000. 74.35% of the stock is owned by institutional investors.
QUALCOMM Trading Up 0.0%
Shares of QCOM opened at $174.81 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70. The stock has a market cap of $187.22 billion, a PE ratio of 35.75, a PEG ratio of 3.83 and a beta of 1.22. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The stock has a 50 day simple moving average of $173.03 and a 200-day simple moving average of $163.95.
QUALCOMM Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on QCOM. Cantor Fitzgerald restated a “neutral” rating and set a $185.00 price target on shares of QUALCOMM in a research note on Tuesday, December 16th. Bank of America lifted their price objective on QUALCOMM from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. TD Cowen boosted their price objective on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. raised their target price on QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research note on Thursday, November 6th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average price target of $192.94.
Check Out Our Latest Stock Analysis on QCOM
Insider Transactions at QUALCOMM
In other QUALCOMM news, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the sale, the executive vice president directly owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the sale, the chief executive officer directly owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. The trade was a 50.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 199,822 shares of company stock valued at $33,523,984. 0.08% of the stock is owned by company insiders.
QUALCOMM Company Profile
QUALCOMM Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.
The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.
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