Impact Capital Partners LLC Takes Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Impact Capital Partners LLC purchased a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,640 shares of the wireless technology company’s stock, valued at approximately $406,000.

Several other hedge funds have also modified their holdings of the stock. Commonwealth Equity Services LLC grew its stake in shares of QUALCOMM by 1.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 597,158 shares of the wireless technology company’s stock valued at $91,735,000 after purchasing an additional 7,871 shares during the last quarter. PGGM Investments grew its stake in shares of QUALCOMM by 4.7% during the fourth quarter. PGGM Investments now owns 137,029 shares of the wireless technology company’s stock valued at $21,050,000 after purchasing an additional 6,117 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in shares of QUALCOMM by 0.3% during the fourth quarter. HBK Sorce Advisory LLC now owns 20,842 shares of the wireless technology company’s stock valued at $3,202,000 after purchasing an additional 72 shares during the last quarter. Achmea Investment Management B.V. grew its stake in shares of QUALCOMM by 6.9% during the fourth quarter. Achmea Investment Management B.V. now owns 211,898 shares of the wireless technology company’s stock valued at $32,552,000 after purchasing an additional 13,674 shares during the last quarter. Finally, Tredje AP fonden grew its stake in shares of QUALCOMM by 97.9% during the fourth quarter. Tredje AP fonden now owns 291,972 shares of the wireless technology company’s stock valued at $44,853,000 after purchasing an additional 144,439 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alexander H. Rogers sold 19,287 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now directly owns 20,762 shares of the company’s stock, valued at $3,526,010.46. This represents a 48.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,555 shares of company stock valued at $5,094,134 in the last quarter. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $151.94 on Friday. The company has a market capitalization of $168.05 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The company has a 50-day simple moving average of $164.70 and a 200 day simple moving average of $164.61. QUALCOMM Incorporated has a 52 week low of $149.43 and a 52 week high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results 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, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm 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. This represents a $3.40 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio is currently 36.32%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on QCOM shares. Melius assumed coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective on the stock. Mizuho reduced their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Piper Sandler reduced their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $240.00 price objective on shares of QUALCOMM in a research note on Friday, February 7th. Finally, Barclays reduced their price objective 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. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and an average 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.