Schulhoff & Co. Inc. Grows Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Schulhoff & Co. Inc. increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,862 shares of the wireless technology company’s stock after acquiring an additional 99 shares during the quarter. QUALCOMM comprises about 1.0% of Schulhoff & Co. Inc.’s investment portfolio, making the stock its 26th biggest holding. Schulhoff & Co. Inc.’s holdings in QUALCOMM were worth $2,283,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HC Advisors LLC purchased a new position in shares of QUALCOMM in the 4th quarter worth about $204,000. CORDA Investment Management LLC. increased its stake in QUALCOMM by 46.5% during the 4th quarter. CORDA Investment Management LLC. now owns 15,327 shares of the wireless technology company’s stock valued at $2,355,000 after purchasing an additional 4,865 shares in the last quarter. Linscomb Wealth Inc. raised its holdings in QUALCOMM by 1.1% in the fourth quarter. Linscomb Wealth Inc. now owns 86,010 shares of the wireless technology company’s stock worth $13,213,000 after buying an additional 946 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of QUALCOMM by 22.8% in the fourth quarter. QRG Capital Management Inc. now owns 369,465 shares of the wireless technology company’s stock worth $56,757,000 after buying an additional 68,496 shares in the last quarter. Finally, Versor Investments LP increased its position in shares of QUALCOMM by 38.1% during the fourth quarter. Versor Investments LP now owns 16,303 shares of the wireless technology company’s stock valued at $2,504,000 after acquiring an additional 4,500 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Stock Down 4.7 %

QCOM opened at $154.44 on Friday. The company has a market capitalization of $170.81 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The firm has a 50-day simple moving average of $164.85 and a two-hundred day simple moving average of $165.68. 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 52 week low of $149.43 and a 52 week high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. Analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is 36.32%.

Insider Buying and Selling at QUALCOMM

In other news, insider Alexander H. Rogers sold 10,373 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the transaction, the insider now owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. The trade was a 23.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the sale, the general counsel now owns 19,739 shares of the company’s stock, valued at approximately $3,121,130.68. This represents a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,708 shares of company stock worth $7,713,734 over the last 90 days. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on QCOM. Morgan Stanley lowered their price objective on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Susquehanna dropped their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their target price on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Melius Research began coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price target on the stock. Finally, UBS Group boosted their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.32.

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.