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

Schulhoff & Co. Inc. grew its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 14,862 shares of the wireless technology company’s stock after acquiring an additional 99 shares during the period. QUALCOMM accounts for approximately 1.0% of Schulhoff & Co. Inc.’s holdings, making the stock its 26th largest position. Schulhoff & Co. Inc.’s holdings in QUALCOMM were worth $2,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in QCOM. Strategic Blueprint LLC boosted its holdings in shares of QUALCOMM by 14.8% in the third quarter. Strategic Blueprint LLC now owns 5,032 shares of the wireless technology company’s stock valued at $856,000 after purchasing an additional 647 shares during the period. Financial Advocates Investment Management lifted its holdings in shares of QUALCOMM by 3.0% in the 3rd quarter. Financial Advocates Investment Management now owns 9,996 shares of the wireless technology company’s stock worth $1,700,000 after buying an additional 289 shares during the period. HM Payson & Co. grew its position in shares of QUALCOMM by 3.5% during the 3rd quarter. HM Payson & Co. now owns 6,875 shares of the wireless technology company’s stock worth $1,169,000 after buying an additional 230 shares in the last quarter. Nikulski Financial Inc. increased its stake in shares of QUALCOMM by 5.0% during the third quarter. Nikulski Financial Inc. now owns 1,819 shares of the wireless technology company’s stock valued at $309,000 after buying an additional 86 shares during the period. Finally, AustralianSuper Pty Ltd raised its holdings in shares of QUALCOMM by 14.2% in the third quarter. AustralianSuper Pty Ltd now owns 15,409 shares of the wireless technology company’s stock valued at $2,620,000 after acquiring an additional 1,914 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the sale, the chief financial officer now owns 48,778 shares in the company, valued at $7,879,598.12. This trade represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Neil Martin sold 744 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the transaction, the chief accounting officer now owns 461 shares of the company’s stock, valued at approximately $80,596.63. This trade represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,708 shares of company stock valued at $7,713,734 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Sanford C. Bernstein raised their target price 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. UBS Group boosted 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. Morgan Stanley dropped their target price 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. JPMorgan Chase & Co. reduced their price target on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Finally, Melius Research began coverage on QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective on the stock. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $205.32.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $154.44 on Friday. QUALCOMM Incorporated has a 52-week low of $149.43 and a 52-week high of $230.63. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The stock has a market cap 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 business has a 50-day simple moving average of $164.85 and a 200-day simple moving average of $165.68.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.20%. QUALCOMM’s dividend payout ratio (DPR) is currently 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.