Atala Financial Inc Makes New Investment in QUALCOMM Incorporated (NASDAQ:QCOM)

Atala Financial Inc bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,178 shares of the wireless technology company’s stock, valued at approximately $2,332,000. QUALCOMM comprises 1.6% of Atala Financial Inc’s holdings, making the stock its 15th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Aptus Capital Advisors LLC lifted its stake in shares of QUALCOMM by 33.1% in the third quarter. Aptus Capital Advisors LLC now owns 18,849 shares of the wireless technology company’s stock valued at $3,205,000 after buying an additional 4,690 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of QUALCOMM by 124.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 92,544 shares of the wireless technology company’s stock valued at $15,737,000 after buying an additional 51,396 shares during the period. Cable Hill Partners LLC lifted its stake in shares of QUALCOMM by 46.0% in the third quarter. Cable Hill Partners LLC now owns 5,575 shares of the wireless technology company’s stock valued at $948,000 after buying an additional 1,756 shares during the period. Plato Investment Management Ltd lifted its stake in shares of QUALCOMM by 7.1% in the third quarter. Plato Investment Management Ltd now owns 36,998 shares of the wireless technology company’s stock valued at $6,285,000 after buying an additional 2,449 shares during the period. Finally, Peak Asset Management LLC lifted its stake in shares of QUALCOMM by 24.9% in the third quarter. Peak Asset Management LLC now owns 6,491 shares of the wireless technology company’s stock valued at $1,104,000 after buying an additional 1,295 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $151.94 on Friday. The firm has a market cap of $168.05 billion, a PE ratio of 16.23, a PEG ratio of 2.01 and a beta of 1.28. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The company has a fifty day moving average price of $164.70 and a 200 day moving average price of $164.61.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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%. 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 declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 2.24%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on QCOM shares. 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. Piper Sandler dropped their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Susquehanna dropped their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, November 20th. Finally, Melius initiated coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $205.32.

Insiders Place Their Bets

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 transaction of $246,784.00. Following the sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total transaction of $509,400.00. Following the completion of the sale, the chief financial officer now directly owns 63,115 shares in the company, valued at approximately $10,716,927. The trade was a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,555 shares of company stock valued at $5,094,134 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

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.