Columbus Macro LLC Acquires 35,543 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Columbus Macro LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 253.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,591 shares of the wireless technology company’s stock after purchasing an additional 35,543 shares during the period. QUALCOMM makes up 1.1% of Columbus Macro LLC’s holdings, making the stock its 22nd biggest holding. Columbus Macro LLC’s holdings in QUALCOMM were worth $7,618,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Childress Capital Advisors LLC lifted its stake in shares of QUALCOMM by 6.3% during the 4th quarter. Childress Capital Advisors LLC now owns 2,798 shares of the wireless technology company’s stock valued at $430,000 after buying an additional 167 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its holdings in shares of QUALCOMM by 7.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 21,944 shares of the wireless technology company’s stock valued at $3,371,000 after buying an additional 1,559 shares during the period. Optas LLC increased its stake in shares of QUALCOMM by 7.1% in the fourth quarter. Optas LLC now owns 5,643 shares of the wireless technology company’s stock worth $867,000 after purchasing an additional 372 shares in the last quarter. Boston Trust Walden Corp raised its stake in QUALCOMM by 11.9% during the fourth quarter. Boston Trust Walden Corp now owns 289,531 shares of the wireless technology company’s stock valued at $44,478,000 after purchasing an additional 30,900 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its position in QUALCOMM by 96.2% in the 4th quarter. Princeton Global Asset Management LLC now owns 612 shares of the wireless technology company’s stock valued at $94,000 after acquiring an additional 300 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Price Performance

Shares of QCOM opened at $170.24 on Tuesday. QUALCOMM Incorporated has a twelve month low of $141.21 and a twelve month high of $230.63. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The company has a market cap of $189.14 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 2.87 and a beta of 1.25. The company has a 50 day moving average of $160.76 and a two-hundred day moving average of $166.19.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.25. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. As a group, analysts predict that QUALCOMM Incorporated will post 9.16 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.

Insider Transactions at QUALCOMM

In related news, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Ann C. Chaplin sold 7,717 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,239,273.03. Following the transaction, the general counsel now owns 17,153 shares of the company’s stock, valued at $2,754,600.27. This trade represents a 31.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,981 shares of company stock valued at $4,000,870 over the last three months. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on QCOM. Citigroup reduced their target price on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Sanford C. Bernstein increased their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. KeyCorp cut QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. UBS Group upped their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

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.