Jmac Enterprises LLC Boosts Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Jmac Enterprises LLC grew its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 29.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,244 shares of the wireless technology company’s stock after purchasing an additional 737 shares during the period. Jmac Enterprises LLC’s holdings in QUALCOMM were worth $498,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of QCOM. Avidian Wealth Enterprises LLC lifted its position in QUALCOMM by 6.1% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 6,118 shares of the wireless technology company’s stock valued at $940,000 after purchasing an additional 351 shares during the period. Great Lakes Retirement Inc. raised its stake in shares of QUALCOMM by 0.7% during the 4th quarter. Great Lakes Retirement Inc. now owns 18,770 shares of the wireless technology company’s stock valued at $2,883,000 after buying an additional 123 shares during the last quarter. Kentucky Trust Co acquired a new position in shares of QUALCOMM in the 4th quarter valued at about $691,000. TFB Advisors LLC boosted its stake in shares of QUALCOMM by 115.0% in the fourth quarter. TFB Advisors LLC now owns 3,463 shares of the wireless technology company’s stock worth $532,000 after buying an additional 1,852 shares during the last quarter. Finally, Capital Advisors Inc. OK grew its holdings in QUALCOMM by 5.0% during the fourth quarter. Capital Advisors Inc. OK now owns 4,606 shares of the wireless technology company’s stock worth $708,000 after acquiring an additional 219 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the sale, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. The trade was a 5.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the 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 transaction, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at $14,570. The trade was a 93.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,268 shares of company stock valued at $7,276,381. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of analyst reports. Loop Capital began coverage on QUALCOMM in a report on Monday, November 11th. They issued a “hold” rating and a $180.00 price target for the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI decreased their price objective on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. Finally, Citigroup dropped their target price on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and an average target price of $205.32.

QUALCOMM Price Performance

QCOM stock opened at $171.99 on Wednesday. QUALCOMM Incorporated has a 1 year low of $148.41 and a 1 year high of $230.63. The firm has a market capitalization of $190.22 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.79. The business has a 50 day simple moving average of $162.31 and a 200-day simple moving average of $165.53.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.19 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.98%. QUALCOMM’s dividend payout ratio is currently 36.32%.

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.