QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Warther Private Wealth LLC

Warther Private Wealth LLC grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 2,038.6% during the 4th quarter, Holdings Channel reports. The firm owned 57,273 shares of the wireless technology company’s stock after purchasing an additional 54,595 shares during the quarter. QUALCOMM makes up approximately 3.0% of Warther Private Wealth LLC’s investment portfolio, making the stock its 16th largest position. Warther Private Wealth LLC’s holdings in QUALCOMM were worth $8,798,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Fiduciary Alliance LLC increased its stake in QUALCOMM by 34.9% during the 3rd quarter. Fiduciary Alliance LLC now owns 4,216 shares of the wireless technology company’s stock worth $717,000 after buying an additional 1,091 shares in the last quarter. Harrington Investments INC increased its position in shares of QUALCOMM by 0.6% during the third quarter. Harrington Investments INC now owns 22,638 shares of the wireless technology company’s stock worth $3,850,000 after purchasing an additional 130 shares in the last quarter. CX Institutional raised its stake in QUALCOMM by 334.2% in the 3rd quarter. CX Institutional now owns 24,960 shares of the wireless technology company’s stock valued at $4,244,000 after purchasing an additional 19,212 shares during the last quarter. Wesbanco Bank Inc. lifted its holdings in QUALCOMM by 0.7% in the 3rd quarter. Wesbanco Bank Inc. now owns 13,590 shares of the wireless technology company’s stock valued at $2,311,000 after purchasing an additional 88 shares in the last quarter. Finally, Creative Planning boosted its stake in QUALCOMM by 0.5% during the 3rd quarter. Creative Planning now owns 403,811 shares of the wireless technology company’s stock worth $68,147,000 after purchasing an additional 2,086 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Melius Research began coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 target price for the company. Piper Sandler cut their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Citigroup lowered their target price on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. Mizuho cut their price target on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Susquehanna reduced 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. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $205.32.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $161.54, for a total value of $484,620.00. Following the transaction, the chief financial officer now directly owns 48,778 shares in the company, valued at approximately $7,879,598.12. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,268 shares of company stock valued at $7,276,381 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $171.99 on Wednesday. QUALCOMM Incorporated has a 12 month low of $148.41 and a 12 month high of $230.63. The business has a 50-day moving average of $162.31 and a 200 day moving average of $165.53. The stock has a market capitalization of $190.22 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.79.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.19 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 1.98%. QUALCOMM’s dividend payout ratio (DPR) is 36.32%.

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.