ICW Investment Advisors LLC Acquires Shares of 2,268 QUALCOMM, Inc. (NASDAQ:QCOM)

ICW Investment Advisors LLC acquired a new stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,268 shares of the wireless technology company’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of QUALCOMM by 2.5% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,711,006 shares of the wireless technology company’s stock valued at $415,652,000 after purchasing an additional 113,056 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of QUALCOMM by 1.4% in the 3rd quarter. Stifel Financial Corp now owns 3,236,188 shares of the wireless technology company’s stock valued at $247,062,000 after acquiring an additional 45,360 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of QUALCOMM by 3.1% in the 4th quarter. New York State Common Retirement Fund now owns 2,899,681 shares of the wireless technology company’s stock valued at $255,839,000 after acquiring an additional 86,900 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of QUALCOMM by 1.8% in the 4th quarter. California Public Employees Retirement System now owns 2,807,834 shares of the wireless technology company’s stock valued at $247,735,000 after acquiring an additional 50,485 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of QUALCOMM by 1.1% in the 3rd quarter. Rhumbline Advisers now owns 2,190,524 shares of the wireless technology company’s stock valued at $167,093,000 after acquiring an additional 23,648 shares during the last quarter. 77.48% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of QUALCOMM from $108.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Susquehanna Bancshares increased their price target on shares of QUALCOMM from $102.00 to $105.00 and gave the company a “positive” rating in a report on Tuesday, January 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $95.00 price target on shares of QUALCOMM in a report on Thursday, November 7th. Argus increased their price target on shares of QUALCOMM from $95.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Cowen increased their price target on shares of QUALCOMM from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. QUALCOMM has an average rating of “Buy” and a consensus price target of $92.80.

In other news, EVP Alexander H. Rogers sold 735 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $95.37, for a total transaction of $70,096.95. Following the transaction, the executive vice president now directly owns 14,247 shares of the company’s stock, valued at $1,358,736.39. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Donald J. Rosenberg sold 28,729 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $84.51, for a total transaction of $2,427,887.79. Following the transaction, the executive vice president now directly owns 18,431 shares in the company, valued at $1,557,603.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,458 shares of company stock worth $9,349,683. Corporate insiders own 0.12% of the company’s stock.

QUALCOMM stock traded down $0.82 during midday trading on Thursday, reaching $90.90. The stock had a trading volume of 2,601,451 shares, compared to its average volume of 10,093,500. The company has a quick ratio of 1.61, a current ratio of 1.76 and a debt-to-equity ratio of 2.98. QUALCOMM, Inc. has a 52-week low of $51.09 and a 52-week high of $96.17. The firm has a market cap of $101.27 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.56. The company has a fifty day moving average of $89.46 and a 200 day moving average of $82.18.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, February 5th. The wireless technology company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.14. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.86 billion. QUALCOMM had a net margin of 17.31% and a return on equity of 66.54%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $1.20 earnings per share. Equities research analysts predict that QUALCOMM, Inc. will post 3.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, March 4th. QUALCOMM’s dividend payout ratio (DPR) is presently 87.32%.

QUALCOMM Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products 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 code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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