QUALCOMM Incorporated (NASDAQ:QCOM) Position Raised by Chatham Capital Group Inc.

Chatham Capital Group Inc. lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 7.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 29,181 shares of the wireless technology company’s stock after acquiring an additional 1,950 shares during the period. Chatham Capital Group Inc.’s holdings in QUALCOMM were worth $4,482,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Tallon Kerry Patrick purchased a new position in QUALCOMM in the 4th quarter worth about $207,000. LaFleur & Godfrey LLC increased its position in shares of QUALCOMM by 10.6% in the fourth quarter. LaFleur & Godfrey LLC now owns 3,126 shares of the wireless technology company’s stock worth $480,000 after acquiring an additional 300 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after acquiring an additional 9,343 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of QUALCOMM in the 4th quarter valued at approximately $10,394,000. Finally, Revolve Wealth Partners LLC boosted its stake in QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Up 0.1%

NASDAQ QCOM opened at $149.05 on Thursday. The stock’s 50 day simple moving average is $143.81 and its 200 day simple moving average is $155.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $230.63. The firm has a market cap of $163.66 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.82 by $0.03. QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. The company had revenue of $10.98 billion for the quarter, compared to analysts’ expectations of $10.58 billion. During the same quarter in the prior year, the business earned $2.44 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be paid a $0.89 dividend. The ex-dividend date is Thursday, June 5th. This is an increase from QUALCOMM’s previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.39%. QUALCOMM’s payout ratio is currently 36.25%.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 1,781 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $132.10, for a total value of $235,270.10. Following the completion of the transaction, the chief financial officer now directly owns 57,997 shares in the company, valued at approximately $7,661,403.70. The trade was a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $6,600,000.00. The disclosure for this sale can be found here. Insiders have sold 425,064 shares of company stock valued at $8,381,948 in the last 90 days. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Citigroup decreased their target price on QUALCOMM from $185.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Robert W. Baird decreased their price objective on QUALCOMM from $250.00 to $216.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Seaport Res Ptn upgraded QUALCOMM to a “hold” rating in a report on Friday, May 9th. Cantor Fitzgerald reissued a “neutral” rating and issued a $150.00 price target on shares of QUALCOMM in a research report on Thursday, May 1st. Finally, TD Cowen lowered their price objective on shares of QUALCOMM from $195.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $189.88.

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.