QUALCOMM Incorporated (NASDAQ:QCOM) Stock Position Increased by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 168,162 shares of the wireless technology company’s stock after buying an additional 2,826 shares during the quarter. QUALCOMM comprises approximately 3.5% of Greatmark Investment Partners Inc.’s portfolio, making the stock its 5th largest position. Greatmark Investment Partners Inc.’s holdings in QUALCOMM were worth $25,833,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. lifted its stake in QUALCOMM by 21.1% during the third quarter. Zions Bancorporation N.A. now owns 5,755 shares of the wireless technology company’s stock worth $979,000 after purchasing an additional 1,002 shares in the last quarter. Planning Capital Management Corp lifted its stake in QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock worth $34,000 after purchasing an additional 114 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in QUALCOMM by 1.1% during the third quarter. OneDigital Investment Advisors LLC now owns 100,997 shares of the wireless technology company’s stock worth $17,175,000 after purchasing an additional 1,098 shares in the last quarter. Intellectus Partners LLC lifted its stake in QUALCOMM by 11.4% during the third quarter. Intellectus Partners LLC now owns 18,470 shares of the wireless technology company’s stock worth $3,141,000 after purchasing an additional 1,891 shares in the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in QUALCOMM by 20.9% during the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 202,543 shares of the wireless technology company’s stock worth $34,442,000 after purchasing an additional 35,000 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $156.58 on Friday. The stock’s 50-day moving average is $164.68 and its two-hundred day moving average is $164.52. The firm has a market cap of $173.18 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 1 year low of $149.43 and a 1 year high of $230.63. 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 (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 2.17%. QUALCOMM’s dividend payout ratio (DPR) is 36.32%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore ISI decreased their price target on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Melius Research started coverage on QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective on the stock. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Benchmark reiterated a “buy” rating and issued a $240.00 price objective on shares of QUALCOMM in a research note on Friday, February 7th. Finally, Piper Sandler reduced their price objective on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.32.

Insider Transactions at QUALCOMM

In other news, CAO Neil Martin sold 744 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the sale, the general counsel now owns 19,739 shares of the company’s stock, valued at $3,121,130.68. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,555 shares of company stock worth $5,094,134. Company insiders own 0.08% of the company’s stock.

QUALCOMM Company 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.