QUALCOMM Incorporated (NASDAQ:QCOM) Stock Holdings Increased by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 26,831 shares of the wireless technology company’s stock after purchasing an additional 1,032 shares during the quarter. B & T Capital Management DBA Alpha Capital Management’s holdings in QUALCOMM were worth $4,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Arthur M. Cohen & Associates LLC raised its position in QUALCOMM by 8.3% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 1,700 shares of the wireless technology company’s stock valued at $261,000 after acquiring an additional 130 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of QUALCOMM during the 4th quarter valued at $53,000. O Keefe Stevens Advisory Inc. raised its holdings in shares of QUALCOMM by 2.3% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 136,595 shares of the wireless technology company’s stock valued at $20,984,000 after purchasing an additional 3,096 shares in the last quarter. Brooklyn Investment Group boosted its holdings in QUALCOMM by 7.4% in the fourth quarter. Brooklyn Investment Group now owns 6,620 shares of the wireless technology company’s stock worth $1,017,000 after purchasing an additional 457 shares in the last quarter. Finally, Sax Wealth Advisors LLC increased its position in QUALCOMM by 43.7% during the fourth quarter. Sax Wealth Advisors LLC now owns 1,776 shares of the wireless technology company’s stock worth $273,000 after buying an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

QCOM opened at $164.56 on Friday. 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 company’s 50 day simple moving average is $158.98 and its 200-day simple moving average is $169.28. QUALCOMM Incorporated has a one year low of $139.26 and a one year high of $230.63. The stock has a market capitalization of $182.83 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Sell-side analysts anticipate that QUALCOMM Incorporated will post 9.09 earnings per share for the current fiscal 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. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. QUALCOMM’s dividend payout ratio is 37.82%.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander H. Rogers sold 10,373 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were 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 directly owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. This trade represents a 23.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,882 shares of company stock valued at $4,314,649 over the last ninety days. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. 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. Wells Fargo & Company upped their target price on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Barclays dropped their price target on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday. Benchmark reaffirmed a “buy” rating and set a $240.00 price objective on shares of QUALCOMM in a report on Thursday, November 7th. Finally, Mizuho lowered their target price on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, fourteen have assigned 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, QUALCOMM presently has an average rating of “Moderate Buy” and a consensus 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.