Cibc World Markets Corp Buys 206,489 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Cibc World Markets Corp lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 29.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 900,769 shares of the wireless technology company’s stock after buying an additional 206,489 shares during the period. QUALCOMM makes up approximately 0.8% of Cibc World Markets Corp’s investment portfolio, making the stock its 23rd biggest position. Cibc World Markets Corp owned about 0.08% of QUALCOMM worth $138,376,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Seizert Capital Partners LLC boosted its position in QUALCOMM by 9.1% during the third quarter. Seizert Capital Partners LLC now owns 64,750 shares of the wireless technology company’s stock valued at $11,011,000 after acquiring an additional 5,410 shares during the last quarter. Accredited Investors Inc. lifted its position in QUALCOMM by 11.7% in the 3rd quarter. Accredited Investors Inc. now owns 2,384 shares of the wireless technology company’s stock valued at $405,000 after acquiring an additional 250 shares in the last quarter. Sather Financial Group Inc lifted its position in QUALCOMM by 0.3% in the 3rd quarter. Sather Financial Group Inc now owns 344,144 shares of the wireless technology company’s stock valued at $58,522,000 after acquiring an additional 1,166 shares in the last quarter. GoalVest Advisory LLC increased its stake in QUALCOMM by 180.9% in the 3rd quarter. GoalVest Advisory LLC now owns 323 shares of the wireless technology company’s stock valued at $55,000 after buying an additional 208 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC purchased a new stake in QUALCOMM in the 3rd quarter valued at about $523,000. 74.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 461 shares in the company, valued at approximately $80,596.63. This trade represents a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the transaction, the insider now owns 24,393 shares of the company’s stock, valued at $3,762,376.32. The trade was a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,968 shares of company stock worth $4,685,077 over the last three months. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Mizuho decreased their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Susquehanna decreased their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, November 20th. Melius assumed coverage on shares of QUALCOMM in a research note on Monday, December 9th. They set a “hold” rating and a $180.00 price target for the company. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Finally, Evercore ISI decreased their price target on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average price target of $205.32.

QUALCOMM Stock Performance

Shares of QCOM opened at $156.58 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM Incorporated has a one year low of $149.43 and a one year high of $230.63. The company has a 50-day simple moving average of $164.68 and a two-hundred day simple moving average of $164.40. The firm has a market capitalization of $173.18 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 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%. On average, analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.17%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

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.