Fidelis Capital Partners LLC Has $3.61 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Fidelis Capital Partners LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,229 shares of the wireless technology company’s stock after buying an additional 1,028 shares during the quarter. Fidelis Capital Partners LLC’s holdings in QUALCOMM were worth $3,614,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. grew its position in shares of QUALCOMM by 18.2% in the 4th quarter. Quintet Private Bank Europe S.A. now owns 4,052 shares of the wireless technology company’s stock valued at $622,000 after acquiring an additional 624 shares during the period. LGT Group Foundation lifted its stake in QUALCOMM by 22.0% in the 4th quarter. LGT Group Foundation now owns 53,815 shares of the wireless technology company’s stock valued at $8,267,000 after purchasing an additional 9,692 shares during the last quarter. Plato Investment Management Ltd grew its holdings in QUALCOMM by 30.2% during the fourth quarter. Plato Investment Management Ltd now owns 48,160 shares of the wireless technology company’s stock worth $7,425,000 after purchasing an additional 11,162 shares during the period. SBI Securities Co. Ltd. acquired a new position in QUALCOMM during the fourth quarter worth approximately $3,405,000. Finally, Jones Financial Companies Lllp raised its stake in QUALCOMM by 60.8% in the fourth quarter. Jones Financial Companies Lllp now owns 97,398 shares of the wireless technology company’s stock valued at $14,962,000 after buying an additional 36,841 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Up 1.8 %

Shares of QCOM opened at $157.18 on Monday. The firm has a 50 day simple moving average of $164.94 and a two-hundred day simple moving average of $165.61. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM Incorporated has a one year low of $149.43 and a one year high of $230.63. The company has a market cap of $173.84 billion, a P/E ratio of 16.79, a P/E/G ratio of 2.01 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.16%. QUALCOMM’s payout ratio is currently 36.32%.

Insider Activity at QUALCOMM

In other news, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at $7,879,598.12. This represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,708 shares of company stock valued at $7,713,734. 0.08% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on QCOM shares. Morgan Stanley reduced their target price on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Sanford C. Bernstein lifted their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays dropped their price objective on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Susquehanna reduced their target price 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. Finally, Evercore ISI lowered their price target on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.32.

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.