QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Thompson Investment Management Inc.

Thompson Investment Management Inc. lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 71,914 shares of the wireless technology company’s stock after acquiring an additional 2,952 shares during the quarter. QUALCOMM comprises about 1.6% of Thompson Investment Management Inc.’s portfolio, making the stock its 11th biggest holding. Thompson Investment Management Inc.’s holdings in QUALCOMM were worth $11,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in QCOM. Contravisory Investment Management Inc. lifted its stake in shares of QUALCOMM by 14,458.8% in the 3rd quarter. Contravisory Investment Management Inc. now owns 2,475 shares of the wireless technology company’s stock valued at $421,000 after purchasing an additional 2,458 shares during the period. Independence Bank of Kentucky raised its position in QUALCOMM by 58.8% during the third quarter. Independence Bank of Kentucky now owns 3,578 shares of the wireless technology company’s stock worth $608,000 after acquiring an additional 1,325 shares during the period. LVW Advisors LLC raised its position in QUALCOMM by 9.7% during the third quarter. LVW Advisors LLC now owns 2,592 shares of the wireless technology company’s stock worth $441,000 after acquiring an additional 230 shares during the period. Fermata Advisors LLC raised its position in QUALCOMM by 21.6% during the third quarter. Fermata Advisors LLC now owns 1,583 shares of the wireless technology company’s stock worth $269,000 after acquiring an additional 281 shares during the period. Finally, Maj Invest Holding A S acquired a new position in QUALCOMM during the third quarter worth $229,078,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on QCOM shares. Loop Capital started coverage on shares of QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 price objective for the company. Sanford C. Bernstein upped their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. dropped their target price on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Piper Sandler dropped their target price on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Melius started coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 target price for the company. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $205.32.

Insider Transactions at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the sale, the insider now directly owns 33,383 shares in the company, valued at approximately $5,360,975.97. This trade represents a 23.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,981 shares of company stock valued at $4,000,870. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Trading Down 0.8 %

Shares of QCOM stock opened at $167.96 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.79. The firm has a market cap of $185.76 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25. The company has a 50-day moving average of $162.15 and a two-hundred day moving average of $165.86. QUALCOMM Incorporated has a 1-year low of $146.29 and a 1-year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results 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 return on equity of 39.51% and a net margin of 25.94%. On average, analysts predict that QUALCOMM Incorporated will post 9.19 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.02%. QUALCOMM’s dividend payout ratio is presently 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.