YANKCOM Partnership Takes Position in QUALCOMM Incorporated (NASDAQ:QCOM)

YANKCOM Partnership purchased a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,241 shares of the wireless technology company’s stock, valued at approximately $959,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QCOM. Vision Capital Management Inc. lifted its stake in QUALCOMM by 39.8% in the fourth quarter. Vision Capital Management Inc. now owns 36,191 shares of the wireless technology company’s stock worth $5,560,000 after acquiring an additional 10,305 shares during the period. Trilogy Capital Inc. raised its holdings in QUALCOMM by 6.9% in the 4th quarter. Trilogy Capital Inc. now owns 20,511 shares of the wireless technology company’s stock worth $3,151,000 after purchasing an additional 1,332 shares in the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in shares of QUALCOMM by 2.7% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 3,567 shares of the wireless technology company’s stock valued at $548,000 after purchasing an additional 95 shares in the last quarter. Tyche Wealth Partners LLC purchased a new position in shares of QUALCOMM during the fourth quarter valued at about $817,000. Finally, LCM Capital Management Inc raised its stake in QUALCOMM by 4.4% in the fourth quarter. LCM Capital Management Inc now owns 7,529 shares of the wireless technology company’s stock worth $1,157,000 after buying an additional 319 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Price Performance

Shares of QCOM opened at $175.86 on Thursday. The firm has a fifty day simple moving average of $161.31 and a two-hundred day simple moving average of $165.95. The firm has a market cap of $195.38 billion, a PE ratio of 19.56, a P/E/G ratio of 2.87 and a beta of 1.25. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 1-year low of $142.43 and a 1-year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.16 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 1.93%. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.

Insider Buying and Selling at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction 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 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. This represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,981 shares of company stock valued at $4,000,870. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the subject of several research analyst reports. Barclays lowered their price objective on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Citigroup reduced their price target on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 16th. 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. Melius Research started coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 target price on the stock. Finally, Evercore ISI lifted their price target on shares of QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $206.57.

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.