302 Shares in QUALCOMM Incorporated (NASDAQ:QCOM) Purchased by Mainstream Capital Management LLC

Mainstream Capital Management LLC purchased a new position in QUALCOMM Incorporated (NASDAQ:QCOM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 302 shares of the wireless technology company’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its stake in QUALCOMM by 11.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,659,743 shares of the wireless technology company’s stock valued at $282,239,000 after purchasing an additional 171,480 shares in the last quarter. KG&L Capital Management LLC increased its holdings in QUALCOMM by 26.4% in the third quarter. KG&L Capital Management LLC now owns 8,568 shares of the wireless technology company’s stock valued at $1,457,000 after buying an additional 1,787 shares in the last quarter. CORDA Investment Management LLC. increased its stake in shares of QUALCOMM by 13.9% during the third quarter. CORDA Investment Management LLC. now owns 10,462 shares of the wireless technology company’s stock worth $1,779,000 after purchasing an additional 1,278 shares in the last quarter. Silicon Valley Capital Partners purchased a new stake in shares of QUALCOMM during the third quarter worth about $85,000. Finally, National Pension Service increased its stake in shares of QUALCOMM by 15.3% during the third quarter. National Pension Service now owns 2,398,469 shares of the wireless technology company’s stock worth $407,860,000 after purchasing an additional 318,828 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Trading Down 2.3 %

Shares of QUALCOMM stock opened at $153.62 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. QUALCOMM Incorporated has a 52 week low of $149.43 and a 52 week high of $230.63. The stock has a 50 day moving average price of $164.84 and a two-hundred day moving average price of $165.47. The stock has a market capitalization of $169.90 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared 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 2.21%. QUALCOMM’s dividend payout ratio (DPR) is currently 36.32%.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 744 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the transaction, the chief accounting officer now owns 461 shares in the company, valued at approximately $80,596.63. This represents a 61.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $161.54, for a total value of $484,620.00. Following the transaction, the chief financial officer now owns 48,778 shares in the company, valued at $7,879,598.12. This trade represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,045 shares of company stock worth $8,237,043. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Barclays cut their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Benchmark reaffirmed a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research note on Friday, February 7th. UBS Group upped their target price on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Loop Capital began coverage on shares of QUALCOMM in a research report on Monday, November 11th. They issued a “hold” rating and a $180.00 price objective on the stock. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $205.32.

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.