QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Hellman Jordan Management Co. Inc. MA

Hellman Jordan Management Co. Inc. MA increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 81.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,945 shares of the wireless technology company’s stock after acquiring an additional 5,352 shares during the quarter. QUALCOMM makes up approximately 2.1% of Hellman Jordan Management Co. Inc. MA’s holdings, making the stock its 18th biggest holding. Hellman Jordan Management Co. Inc. MA’s holdings in QUALCOMM were worth $1,526,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of QCOM. Fairfield Bush & CO. boosted its position in QUALCOMM by 1.3% during the first quarter. Fairfield Bush & CO. now owns 30,833 shares of the wireless technology company’s stock worth $4,712,000 after acquiring an additional 390 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of QUALCOMM by 3.7% in the 1st quarter. Brown Advisory Inc. now owns 85,455 shares of the wireless technology company’s stock valued at $14,502,000 after purchasing an additional 3,050 shares during the last quarter. CX Institutional boosted its holdings in shares of QUALCOMM by 2.7% in the 1st quarter. CX Institutional now owns 15,761 shares of the wireless technology company’s stock valued at $2,409,000 after purchasing an additional 421 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of QUALCOMM by 4.1% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 95,860 shares of the wireless technology company’s stock valued at $14,649,000 after purchasing an additional 3,737 shares during the last quarter. Finally, Shorepoint Capital Partners LLC boosted its holdings in shares of QUALCOMM by 2.9% in the 1st quarter. Shorepoint Capital Partners LLC now owns 31,427 shares of the wireless technology company’s stock valued at $4,803,000 after purchasing an additional 886 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

QUALCOMM Stock Down 1.8 %

Shares of QCOM traded down $2.27 during midday trading on Tuesday, hitting $121.03. The company had a trading volume of 80,513 shares, compared to its average volume of 7,720,179. The company’s 50 day moving average price is $117.80 and its 200 day moving average price is $129.78. The stock has a market cap of $135.67 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.90 and a beta of 1.20. QUALCOMM Incorporated has a 52 week low of $101.93 and a 52 week high of $193.58. The company has a quick ratio of 1.21, a current ratio of 1.75 and a debt-to-equity ratio of 0.75.

QUALCOMM (NASDAQ:QCOMGet Rating) last released its earnings results on Wednesday, November 2nd. The wireless technology company reported $2.74 earnings per share for the quarter, hitting the consensus estimate of $2.74. The company had revenue of $11.40 billion during the quarter, compared to the consensus estimate of $11.38 billion. QUALCOMM had a net margin of 29.27% and a return on equity of 86.71%. On average, equities research analysts predict that QUALCOMM Incorporated will post 8.93 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Wednesday, November 30th. QUALCOMM’s payout ratio is currently 26.36%.

Analysts Set New Price Targets

QCOM has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on shares of QUALCOMM from $170.00 to $147.00 and set an “overweight” rating on the stock in a report on Monday, October 31st. Evercore ISI set a $120.00 price target on shares of QUALCOMM in a report on Wednesday, November 23rd. JPMorgan Chase & Co. decreased their price target on shares of QUALCOMM from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, November 3rd. Mizuho reduced their target price on shares of QUALCOMM from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd. Finally, Raymond James reduced their target price on shares of QUALCOMM from $190.00 to $150.00 and set a “strong-buy” rating on the stock in a report on Thursday, November 3rd. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.27.

Insider Transactions at QUALCOMM

In related news, CAO Erin L. Polek sold 2,894 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $121.10, for a total transaction of $350,463.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider James J. Cathey sold 2,084 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $126.51, for a total transaction of $263,646.84. Following the completion of the sale, the insider now owns 917 shares of the company’s stock, valued at approximately $116,009.67. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Erin L. Polek sold 2,894 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $121.10, for a total transaction of $350,463.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,569 shares of company stock valued at $1,257,019. Insiders own 0.05% of the company’s stock.

QUALCOMM Company Profile

(Get Rating)

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, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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