QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Waverton Investment Management Ltd

Waverton Investment Management Ltd lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,538,809 shares of the wireless technology company’s stock after buying an additional 92,276 shares during the period. QUALCOMM makes up 3.8% of Waverton Investment Management Ltd’s holdings, making the stock its 8th biggest position. Waverton Investment Management Ltd owned 0.14% of QUALCOMM worth $236,430,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QCOM. B&D White Capital Company LLC acquired a new position in QUALCOMM during the fourth quarter worth $522,000. Birchcreek Wealth Management LLC boosted its position in shares of QUALCOMM by 5.8% during the 4th quarter. Birchcreek Wealth Management LLC now owns 3,828 shares of the wireless technology company’s stock valued at $588,000 after acquiring an additional 211 shares during the last quarter. World Equity Group Inc. acquired a new stake in QUALCOMM during the fourth quarter worth about $356,000. Delta Financial Group Inc. acquired a new stake in QUALCOMM during the fourth quarter worth about $601,000. Finally, Ascent Wealth Partners LLC raised its stake in QUALCOMM by 1.3% during the fourth quarter. Ascent Wealth Partners LLC now owns 56,595 shares of the wireless technology company’s stock worth $8,694,000 after purchasing an additional 710 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on QCOM shares. UBS Group boosted their target price on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price objective on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Benchmark restated a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a research report on Friday, February 7th. Barclays decreased their price target on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Wells Fargo & Company raised their price objective on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, QUALCOMM presently has an average rating of “Moderate Buy” and an average target price of $205.32.

Insider Transactions at QUALCOMM

In related news, CAO Neil Martin sold 744 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the transaction, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at $80,596.63. This trade represents a 61.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $161.54, for a total transaction of $484,620.00. Following the sale, the chief financial officer now owns 48,778 shares in the company, valued at $7,879,598.12. This represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,708 shares of company stock valued at $7,713,734. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 4.8 %

Shares of NASDAQ:QCOM opened at $165.43 on Monday. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a fifty-two week low of $149.43 and a fifty-two week high of $230.63. The stock has a market cap of $182.97 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The firm’s 50 day moving average price is $164.46 and its 200 day moving average price is $165.84.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (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%. As a group, equities research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.06%. QUALCOMM’s 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.