QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Coastwise Capital Group LLC

Coastwise Capital Group LLC lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 11.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,036 shares of the wireless technology company’s stock after buying an additional 736 shares during the quarter. Coastwise Capital Group LLC’s holdings in QUALCOMM were worth $1,081,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Narus Financial Partners LLC grew its position in shares of QUALCOMM by 10.0% in the 4th quarter. Narus Financial Partners LLC now owns 4,456 shares of the wireless technology company’s stock worth $684,000 after acquiring an additional 405 shares in the last quarter. Strategic Advocates LLC lifted its stake in QUALCOMM by 25.3% during the fourth quarter. Strategic Advocates LLC now owns 2,566 shares of the wireless technology company’s stock worth $394,000 after purchasing an additional 518 shares during the last quarter. Sonora Investment Management Group LLC increased its stake in QUALCOMM by 4.7% during the fourth quarter. Sonora Investment Management Group LLC now owns 159,704 shares of the wireless technology company’s stock valued at $24,534,000 after purchasing an additional 7,105 shares during the last quarter. Hixon Zuercher LLC raised its holdings in shares of QUALCOMM by 4.4% during the fourth quarter. Hixon Zuercher LLC now owns 7,363 shares of the wireless technology company’s stock worth $1,131,000 after purchasing an additional 310 shares during the period. Finally, Koa Wealth Management LLC bought a new position in shares of QUALCOMM in the 4th quarter worth about $384,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $171.93 on Friday. QUALCOMM Incorporated has a 12 month low of $139.26 and a 12 month high of $230.63. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $191.01 billion, a PE ratio of 19.12, a PEG ratio of 2.85 and a beta of 1.25. The stock’s fifty day simple moving average is $160.11 and its 200 day simple moving average is $166.88.

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 business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. On average, research analysts predict that QUALCOMM Incorporated will post 9.16 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 1.98%. QUALCOMM’s payout ratio is 37.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays reduced their price objective on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. UBS Group upped their target price on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Cantor Fitzgerald restated a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a research report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their target price on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Wells Fargo & Company upped their price target 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. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

Insider Activity

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

QUALCOMM Profile

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.