QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Blueprint Investment Partners LLC

Blueprint Investment Partners LLC increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,866 shares of the wireless technology company’s stock after buying an additional 166 shares during the period. Blueprint Investment Partners LLC’s holdings in QUALCOMM were worth $287,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in QCOM. Guardian Partners Inc. purchased a new position in QUALCOMM during the fourth quarter valued at $4,904,000. KLP Kapitalforvaltning AS acquired a new stake in QUALCOMM during the fourth quarter worth about $76,380,000. Knights of Columbus Asset Advisors LLC increased its position in QUALCOMM by 114.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 45,029 shares of the wireless technology company’s stock worth $6,917,000 after purchasing an additional 24,073 shares during the last quarter. Umpqua Bank increased its position in shares of QUALCOMM by 4.2% during the fourth quarter. Umpqua Bank now owns 1,653 shares of the wireless technology company’s stock valued at $264,000 after acquiring an additional 67 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in shares of QUALCOMM by 8.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 11,580 shares of the wireless technology company’s stock valued at $1,779,000 after acquiring an additional 910 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of research reports. Evercore ISI dropped their price objective on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 12th. Finally, Melius assumed coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective for the company. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.32.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $156.82 on Monday. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a fifty-two week low of $149.43 and a fifty-two week high of $230.63. The stock has a market cap of $173.44 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The firm’s fifty day simple moving average is $164.51 and its 200-day simple moving average is $163.97.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Analysts expect that QUALCOMM Incorporated will post 9.39 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 given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.17%. QUALCOMM’s dividend payout ratio is presently 36.32%.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total value of $509,400.00. Following the transaction, the chief financial officer now directly owns 63,115 shares in the company, valued at approximately $10,716,927. This represents a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander H. Rogers sold 19,287 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the transaction, the insider now owns 20,762 shares in the company, valued at approximately $3,526,010.46. This trade represents a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,968 shares of company stock worth $4,685,077 in the last three months. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Company 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.