QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 13.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,129 shares of the wireless technology company’s stock after purchasing an additional 1,478 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in QUALCOMM were worth $1,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Zhang Financial LLC increased its position in QUALCOMM by 3.1% during the fourth quarter. Zhang Financial LLC now owns 5,694 shares of the wireless technology company’s stock worth $875,000 after purchasing an additional 172 shares during the last quarter. Guinness Atkinson Asset Management Inc grew its stake in shares of QUALCOMM by 27.7% in the 4th quarter. Guinness Atkinson Asset Management Inc now owns 817 shares of the wireless technology company’s stock valued at $126,000 after buying an additional 177 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of QUALCOMM by 133.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 56,032 shares of the wireless technology company’s stock worth $8,608,000 after buying an additional 32,039 shares during the last quarter. Guinness Asset Management LTD increased its holdings in shares of QUALCOMM by 18.5% during the 4th quarter. Guinness Asset Management LTD now owns 45,631 shares of the wireless technology company’s stock worth $7,010,000 after buying an additional 7,111 shares during the last quarter. Finally, DLK Investment Management LLC raised its position in shares of QUALCOMM by 0.4% during the 4th quarter. DLK Investment Management LLC now owns 24,031 shares of the wireless technology company’s stock valued at $3,692,000 after buying an additional 100 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Up 1.9 %

Shares of NASDAQ QCOM opened at $164.56 on Monday. The business has a 50-day moving average of $158.85 and a two-hundred day moving average of $168.82. The company has a market capitalization of $182.83 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.25. QUALCOMM Incorporated has a 1 year low of $139.26 and a 1 year high of $230.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. On average, analysts forecast that QUALCOMM Incorporated will post 9.09 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.07%. QUALCOMM’s dividend payout ratio is currently 37.82%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on QCOM. Mizuho reduced their target price on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Melius started coverage on QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective for the company. Wells Fargo & Company upped their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Susquehanna dropped their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Finally, StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.57.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 10,373 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the transaction, the insider now directly owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. This trade represents a 23.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $161.54, for a total transaction of $484,620.00. Following the completion of the sale, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at $7,879,598.12. The trade was a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,882 shares of company stock valued at $4,314,649 over the last ninety days. Insiders own 0.08% of the company’s stock.

About QUALCOMM

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.