V Square Quantitative Management LLC Acquires 4,499 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

V Square Quantitative Management LLC lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 284.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,079 shares of the wireless technology company’s stock after purchasing an additional 4,499 shares during the quarter. V Square Quantitative Management LLC’s holdings in QUALCOMM were worth $1,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of QCOM. Oak Family Advisors LLC lifted its holdings in QUALCOMM by 49.2% in the 1st quarter. Oak Family Advisors LLC now owns 70,937 shares of the wireless technology company’s stock worth $12,010,000 after purchasing an additional 23,406 shares during the last quarter. Berkshire Bank raised its position in shares of QUALCOMM by 34.1% in the first quarter. Berkshire Bank now owns 2,134 shares of the wireless technology company’s stock valued at $361,000 after purchasing an additional 543 shares during the period. Fulcrum Equity Management acquired a new stake in shares of QUALCOMM in the first quarter worth $307,000. Premier Path Wealth Partners LLC boosted its holdings in shares of QUALCOMM by 11.2% during the 1st quarter. Premier Path Wealth Partners LLC now owns 5,050 shares of the wireless technology company’s stock worth $838,000 after buying an additional 507 shares during the period. Finally, Dakota Wealth Management grew its stake in QUALCOMM by 121.8% in the 1st quarter. Dakota Wealth Management now owns 42,858 shares of the wireless technology company’s stock valued at $7,256,000 after buying an additional 23,532 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

NASDAQ:QCOM traded up $3.09 on Tuesday, reaching $200.85. The stock had a trading volume of 11,447,541 shares, compared to its average volume of 8,614,754. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $224.15 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 2.40 and a beta of 1.33. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $201.98. The stock has a fifty day moving average price of $173.30 and a 200-day moving average price of $153.70.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, May 30th. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a yield of 1.69%. QUALCOMM’s dividend payout ratio is 43.01%.

Insider Activity at QUALCOMM

In other news, Director Sylvia Acevedo sold 2,056 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.21, for a total transaction of $366,399.76. Following the sale, the director now owns 54 shares in the company, valued at $9,623.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Sylvia Acevedo sold 2,056 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $178.21, for a total value of $366,399.76. Following the completion of the transaction, the director now owns 54 shares in the company, valued at approximately $9,623.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Neil Smit sold 3,069 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $200.94, for a total value of $616,684.86. Following the completion of the transaction, the director now owns 5,902 shares in the company, valued at $1,185,947.88. The disclosure for this sale can be found here. Insiders sold 69,329 shares of company stock valued at $12,095,114 in the last three months. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on QCOM shares. Citigroup raised their price target on QUALCOMM from $160.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. KeyCorp upped their price target on QUALCOMM from $180.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Evercore ISI started coverage on shares of QUALCOMM in a research note on Tuesday, April 16th. They issued an “in-line” rating and a $177.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of QUALCOMM from $120.00 to $140.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.48.

Check Out Our Latest Report on QUALCOMM

QUALCOMM Profile

(Free Report)

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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