Nilsine Partners LLC Increases Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Nilsine Partners LLC grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,145 shares of the wireless technology company’s stock after purchasing an additional 335 shares during the quarter. Nilsine Partners LLC’s holdings in QUALCOMM were worth $1,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in QCOM. Berkshire Bank raised its stake in QUALCOMM by 3.1% during the fourth quarter. Berkshire Bank now owns 3,201 shares of the wireless technology company’s stock worth $492,000 after purchasing an additional 95 shares during the period. Foundations Investment Advisors LLC increased its holdings in shares of QUALCOMM by 4.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 14,126 shares of the wireless technology company’s stock worth $2,170,000 after buying an additional 544 shares during the last quarter. Cornell Pochily Investment Advisors Inc. raised its position in shares of QUALCOMM by 0.8% during the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 11,016 shares of the wireless technology company’s stock valued at $1,692,000 after buying an additional 89 shares during the period. CKW Financial Group acquired a new position in QUALCOMM in the fourth quarter valued at approximately $27,000. Finally, Valued Wealth Advisors LLC grew its position in QUALCOMM by 33.1% in the fourth quarter. Valued Wealth Advisors LLC now owns 374 shares of the wireless technology company’s stock worth $57,000 after acquiring an additional 93 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Trading Up 0.0 %

Shares of QUALCOMM stock opened at $171.19 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The firm has a market cap of $190.19 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 2.84 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’s 50-day simple moving average is $159.63 and its 200-day simple moving average is $167.07.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 9.14 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.99%. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

Insider Activity

In related news, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the transaction, the general counsel now directly owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This trade represents a 13.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction on 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 directly owns 94 shares of the company’s stock, valued at approximately $14,570. This represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,882 shares of company stock worth $4,314,649 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on QCOM shares. Evercore ISI upped their price target on QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Morgan Stanley dropped their price target on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Citigroup decreased their price objective on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. Finally, UBS Group lifted their target price on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have given 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.com, QUALCOMM has an average 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.