QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Sargent Investment Group LLC

Sargent Investment Group LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,852 shares of the wireless technology company’s stock after acquiring an additional 1,097 shares during the quarter. Sargent Investment Group LLC’s holdings in QUALCOMM were worth $3,450,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in QCOM. Strategic Blueprint LLC boosted its position in QUALCOMM by 23.0% during the 3rd quarter. Strategic Blueprint LLC now owns 3,755 shares of the wireless technology company’s stock valued at $417,000 after purchasing an additional 701 shares during the period. Denali Advisors LLC acquired a new position in QUALCOMM during the 3rd quarter worth $167,000. Avestar Capital LLC boosted its position in QUALCOMM by 18.0% during the 3rd quarter. Avestar Capital LLC now owns 6,009 shares of the wireless technology company’s stock worth $667,000 after acquiring an additional 915 shares during the period. Townsend Asset Management Corp NC ADV boosted its position in QUALCOMM by 15.6% during the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 63,174 shares of the wireless technology company’s stock worth $7,016,000 after acquiring an additional 8,524 shares during the period. Finally, Brookstone Capital Management boosted its position in QUALCOMM by 3.8% during the 3rd quarter. Brookstone Capital Management now owns 30,966 shares of the wireless technology company’s stock worth $3,446,000 after acquiring an additional 1,143 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In other news, CAO Neil Martin sold 371 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the sale, the chief accounting officer now owns 689 shares in the company, valued at approximately $103,232.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $173.49, for a total transaction of $520,470.00. Following the completion of the sale, the chief financial officer now owns 69,343 shares in the company, valued at approximately $12,030,317.07. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Neil Martin sold 371 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total value of $55,586.93. Following the sale, the chief accounting officer now owns 689 shares of the company’s stock, valued at approximately $103,232.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,260 shares of company stock worth $5,973,728. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on QCOM shares. Benchmark initiated coverage on QUALCOMM in a research report on Tuesday, April 23rd. They set a “buy” rating and a $200.00 price target for the company. Rosenblatt Securities boosted their price objective on QUALCOMM from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Evercore ISI initiated coverage on QUALCOMM in a research note on Tuesday, April 16th. They issued an “in-line” rating and a $177.00 price objective on the stock. Canaccord Genuity Group boosted their price objective on QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Finally, KeyCorp boosted their price objective on QUALCOMM from $180.00 to $205.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average price target of $158.86.

QUALCOMM Stock Up 1.4 %

NASDAQ QCOM traded up $2.36 on Friday, reaching $165.66. The stock had a trading volume of 7,141,339 shares, compared to its average volume of 6,691,146. The business has a 50 day moving average price of $165.84 and a 200 day moving average price of $144.70. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $177.59. The company has a market capitalization of $184.88 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 2.27 and a beta of 1.41.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.43. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.50 billion. On average, analysts forecast that QUALCOMM Incorporated will post 7.64 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, May 30th. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. QUALCOMM’s dividend payout ratio is 46.38%.

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.