QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by ICW Investment Advisors LLC

ICW Investment Advisors LLC lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 26.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,672 shares of the wireless technology company’s stock after purchasing an additional 1,190 shares during the quarter. ICW Investment Advisors LLC’s holdings in QUALCOMM were worth $871,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Syntax Research Inc. boosted its holdings in shares of QUALCOMM by 2.3% during the fourth quarter. Syntax Research Inc. now owns 4,792 shares of the wireless technology company’s stock worth $736,000 after purchasing an additional 110 shares during the last quarter. Congress Wealth Management LLC DE raised its position in shares of QUALCOMM by 20.6% in the 4th quarter. Congress Wealth Management LLC DE now owns 33,158 shares of the wireless technology company’s stock worth $5,094,000 after buying an additional 5,670 shares during the period. Twin City Private Wealth LLC raised its position in shares of QUALCOMM by 1.4% in the 4th quarter. Twin City Private Wealth LLC now owns 4,909 shares of the wireless technology company’s stock worth $754,000 after buying an additional 67 shares during the period. Crowley Wealth Management Inc. purchased a new position in shares of QUALCOMM in the 4th quarter worth $222,000. Finally, FCA Corp TX raised its position in shares of QUALCOMM by 5.5% in the 4th quarter. FCA Corp TX now owns 6,705 shares of the wireless technology company’s stock worth $1,030,000 after buying an additional 347 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the topic of several research reports. Melius initiated coverage on QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 target price on the stock. Piper Sandler cut their target price on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $240.00 price objective on shares of QUALCOMM in a research report on Friday, February 7th. Finally, Evercore ISI cut their price objective on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.32.

QUALCOMM Stock Down 0.7 %

NASDAQ:QCOM opened at $156.82 on Monday. The company has a market capitalization of $173.44 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a one year low of $149.43 and a one year high of $230.63. The stock has a 50-day simple moving average of $164.51 and a 200 day simple moving average of $163.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results 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 25.94% and a return on equity of 39.51%. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.17%. QUALCOMM’s payout ratio is currently 36.32%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the completion of the transaction, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the sale, the insider now directly owns 24,393 shares in the company, valued at approximately $3,762,376.32. This trade represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,968 shares of company stock worth $4,685,077 over the last ninety days. Company insiders own 0.08% of the company’s stock.

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.