QUALCOMM Incorporated (NASDAQ:QCOM) Stock Holdings Raised by Pennsylvania Capital Management Inc. ADV

Pennsylvania Capital Management Inc. ADV lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 49.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,909 shares of the wireless technology company’s stock after purchasing an additional 969 shares during the period. Pennsylvania Capital Management Inc. ADV’s holdings in QUALCOMM were worth $447,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of QCOM. Algert Global LLC acquired a new position in QUALCOMM in the second quarter worth $366,000. Czech National Bank lifted its position in shares of QUALCOMM by 6.5% in the 3rd 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 during the last quarter. GAMMA Investing LLC lifted its position in shares of QUALCOMM by 18.6% in the 3rd quarter. GAMMA Investing LLC now owns 16,307 shares of the wireless technology company’s stock worth $2,773,000 after buying an additional 2,555 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of QUALCOMM by 5.7% in the 3rd quarter. Diversified Trust Co now owns 50,282 shares of the wireless technology company’s stock valued at $8,550,000 after buying an additional 2,707 shares during the period. Finally, Smith Anglin Financial LLC grew its position in shares of QUALCOMM by 3.7% during the 3rd quarter. Smith Anglin Financial LLC now owns 2,122 shares of the wireless technology company’s stock valued at $361,000 after buying an additional 76 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of recent research reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a report on Wednesday, November 20th. Evercore ISI raised their price target on QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Citigroup lowered their price objective on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Loop Capital assumed coverage on QUALCOMM in a research report on Monday, November 11th. They issued a “hold” rating and a $180.00 target price on the stock. Finally, Susquehanna reduced their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average target price of $206.57.

Insider Buying and Selling

In other news, insider Alexander H. Rogers sold 10,373 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the sale, the insider now owns 33,383 shares of the company’s stock, valued at $5,360,975.97. This trade represents a 23.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at approximately $14,570. This represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,981 shares of company stock valued at $4,000,870. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Performance

Shares of QCOM opened at $170.24 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The firm’s 50 day moving average is $160.76 and its 200-day moving average is $166.19. QUALCOMM Incorporated has a 12-month low of $141.21 and a 12-month high of $230.63. The stock has a market capitalization of $189.14 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.87 and a beta of 1.25.

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

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 2.00%. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.

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.