Triglav Skladi D.O.O. Invests $6.35 Million in QUALCOMM Incorporated (NASDAQ:QCOM)

Triglav Skladi D.O.O. acquired a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 41,329 shares of the wireless technology company’s stock, valued at approximately $6,349,000.

Several other institutional investors also recently modified their holdings of QCOM. Tallon Kerry Patrick acquired a new position in shares of QUALCOMM during the 4th quarter worth about $207,000. Merit Financial Group LLC boosted its holdings in shares of QUALCOMM by 40.4% during the 4th quarter. Merit Financial Group LLC now owns 22,889 shares of the wireless technology company’s stock worth $3,516,000 after buying an additional 6,591 shares during the period. Sax Wealth Advisors LLC boosted its holdings in shares of QUALCOMM by 43.7% during the 4th quarter. Sax Wealth Advisors LLC now owns 1,776 shares of the wireless technology company’s stock worth $273,000 after buying an additional 540 shares during the period. Integrated Investment Consultants LLC bought a new stake in shares of QUALCOMM during the 4th quarter worth about $227,000. Finally, HB Wealth Management LLC boosted its holdings in shares of QUALCOMM by 17.3% during the 4th quarter. HB Wealth Management LLC now owns 31,426 shares of the wireless technology company’s stock worth $4,828,000 after buying an additional 4,626 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $139.77, for a total transaction of $465,853.41. Following the completion of the transaction, the chief financial officer now owns 53,112 shares of the company’s stock, valued at approximately $7,423,464.24. This trade represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,312 shares of company stock valued at $1,948,379. Insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $152.50 on Monday. The company has a market cap of $167.45 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 2.01 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The firm has a 50 day simple moving average of $145.94 and a 200 day simple moving average of $156.80. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.82 by $0.03. The business had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $10.58 billion. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.44 EPS. Research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, June 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.33%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.85. QUALCOMM’s dividend payout ratio (DPR) is presently 36.25%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on QCOM. TD Cowen reduced their target price on shares of QUALCOMM from $195.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Seaport Res Ptn raised shares of QUALCOMM to a “hold” rating in a report on Friday, May 9th. Citigroup reduced their target price on shares of QUALCOMM from $185.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Benchmark reduced their target price on shares of QUALCOMM from $240.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $192.08.

About QUALCOMM

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.