Integrated Advisors Network LLC Increases Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Integrated Advisors Network LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 125.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,575 shares of the wireless technology company’s stock after purchasing an additional 24,776 shares during the period. Integrated Advisors Network LLC’s holdings in QUALCOMM were worth $6,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of QCOM. Teachers Retirement System of The State of Kentucky boosted its position in shares of QUALCOMM by 3.2% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 471,414 shares of the wireless technology company’s stock worth $68,181,000 after acquiring an additional 14,412 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of QUALCOMM during the fourth quarter worth $40,000. Sierra Summit Advisors LLC bought a new position in shares of QUALCOMM during the fourth quarter worth $988,000. WNY Asset Management LLC boosted its position in shares of QUALCOMM by 6.8% during the fourth quarter. WNY Asset Management LLC now owns 24,788 shares of the wireless technology company’s stock worth $3,585,000 after acquiring an additional 1,587 shares during the last quarter. Finally, Garde Capital Inc. boosted its position in shares of QUALCOMM by 2.1% during the fourth quarter. Garde Capital Inc. now owns 9,167 shares of the wireless technology company’s stock worth $1,326,000 after acquiring an additional 188 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, Director Neil Smit sold 3,069 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $200.94, for a total transaction of $616,684.86. Following the transaction, the director now owns 5,902 shares of the company’s stock, valued at approximately $1,185,947.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Neil Martin sold 1,116 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $196.11, for a total value of $218,858.76. Following the sale, the chief accounting officer now directly owns 358 shares in the company, valued at approximately $70,207.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Neil Smit sold 3,069 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $200.94, for a total transaction of $616,684.86. Following the completion of the sale, 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. In the last quarter, insiders have sold 45,185 shares of company stock valued at $8,206,875. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on QCOM shares. HSBC upped their target price on shares of QUALCOMM from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Barclays increased their price objective on shares of QUALCOMM from $155.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 8th. UBS Group increased their price objective on shares of QUALCOMM from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Finally, Susquehanna increased their price objective on shares of QUALCOMM from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, April 10th. One investment 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. According to MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average price target of $188.74.

QUALCOMM Trading Down 1.1 %

QCOM stock traded down $2.48 during trading on Friday, hitting $215.33. The company had a trading volume of 6,438,225 shares, compared to its average volume of 9,812,994. The firm has a market capitalization of $240.31 billion, a P/E ratio of 28.94, a PEG ratio of 2.62 and a beta of 1.30. QUALCOMM Incorporated has a 52-week low of $104.33 and a 52-week high of $218.36. The company has a 50 day simple moving average of $187.60 and a 200-day simple moving average of $163.97. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.82 by $0.11. The company had revenue of $9.39 billion for the quarter, compared to the consensus estimate of $9.32 billion. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. As a group, research analysts forecast that QUALCOMM Incorporated will post 7.83 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.85 per share. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, May 30th. This represents a $3.40 dividend on an annualized basis and a yield of 1.58%. QUALCOMM’s dividend payout ratio (DPR) is 45.70%.

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.