Hager Investment Management Services LLC Acquires Shares of 1,460 QUALCOMM Incorporated (NASDAQ:QCOM)

Hager Investment Management Services LLC bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,460 shares of the wireless technology company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also made changes to their positions in QCOM. Algert Global LLC purchased a new stake in shares of QUALCOMM in the second quarter valued at about $366,000. Czech National Bank boosted its holdings in QUALCOMM by 6.5% during the third quarter. Czech National Bank now owns 226,933 shares of the wireless technology company’s stock worth $38,590,000 after buying an additional 13,888 shares in the last quarter. Smith Anglin Financial LLC boosted its holdings in QUALCOMM by 3.7% during the third quarter. Smith Anglin Financial LLC now owns 2,122 shares of the wireless technology company’s stock worth $361,000 after buying an additional 76 shares in the last quarter. Fulton Bank N.A. lifted its holdings in shares of QUALCOMM by 0.9% in the third quarter. Fulton Bank N.A. now owns 9,067 shares of the wireless technology company’s stock valued at $1,542,000 after purchasing an additional 85 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of QUALCOMM by 26.1% in the third quarter. Versant Capital Management Inc now owns 1,097 shares of the wireless technology company’s stock valued at $187,000 after purchasing an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

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 completion of the transaction, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. The trade was a 5.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,981 shares of company stock valued at $4,000,870 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

QCOM opened at $173.04 on Wednesday. The company has a fifty day simple moving average of $160.99 and a 200 day simple moving average of $166.04. The firm has a market cap of $192.25 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 2.87 and a beta of 1.25. QUALCOMM Incorporated has a twelve month low of $141.21 and a twelve month high of $230.63. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. Equities research analysts expect that QUALCOMM Incorporated will post 9.16 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio is currently 37.82%.

Wall Street Analyst Weigh In

Several analysts have issued reports on QCOM shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a report on Wednesday, November 20th. Benchmark reaffirmed a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a report on Thursday, November 7th. Morgan Stanley reduced their price target on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Citigroup reduced their price target on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. Finally, Mizuho cut their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.57.

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.