Hansen & Associates Financial Group Inc. Purchases Shares of 85,384 QUALCOMM Incorporated (NASDAQ:QCOM)

Hansen & Associates Financial Group Inc. acquired a new position in QUALCOMM Incorporated (NASDAQ:QCOMFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 85,384 shares of the wireless technology company’s stock, valued at approximately $12,304,000. QUALCOMM comprises 6.8% of Hansen & Associates Financial Group Inc.’s investment portfolio, making the stock its 5th biggest holding.

Several other institutional investors have also recently modified their holdings of the company. Senvest Management LLC purchased a new position in QUALCOMM during the 4th quarter worth approximately $56,167,000. Qtron Investments LLC grew its position in QUALCOMM by 110.5% during the 4th quarter. Qtron Investments LLC now owns 13,676 shares of the wireless technology company’s stock worth $1,978,000 after purchasing an additional 7,180 shares during the period. Relative Value Partners Group LLC acquired a new stake in QUALCOMM during the 4th quarter worth about $372,000. Dorsey & Whitney Trust CO LLC grew its position in QUALCOMM by 0.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 82,322 shares of the wireless technology company’s stock worth $11,906,000 after purchasing an additional 253 shares during the period. Finally, Evoke Wealth LLC lifted its holdings in shares of QUALCOMM by 64.8% in the 4th quarter. Evoke Wealth LLC now owns 21,322 shares of the wireless technology company’s stock valued at $3,084,000 after buying an additional 8,384 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Price Performance

QCOM traded down $0.75 during trading on Friday, reaching $204.05. The company’s stock had a trading volume of 15,064,863 shares, compared to its average volume of 8,902,469. The company has a market cap of $227.72 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 2.52 and a beta of 1.33. The firm has a fifty day simple moving average of $179.52 and a two-hundred day simple moving average of $158.21. QUALCOMM Incorporated has a 1 year low of $104.33 and a 1 year high of $217.43. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59.

QUALCOMM (NASDAQ:QCOMGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.82 by $0.11. The firm had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.32 billion. QUALCOMM had a return on equity of 37.09% and a net margin of 23.03%. As a group, analysts anticipate that QUALCOMM Incorporated will post 7.83 EPS for the current year.

QUALCOMM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, May 30th. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a yield of 1.67%. QUALCOMM’s payout ratio is 45.70%.

Insider Buying and Selling at QUALCOMM

In related news, Director Neil Smit sold 3,069 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $200.94, for a total value of $616,684.86. Following the completion of the transaction, the director now directly owns 5,902 shares in the company, valued at $1,185,947.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Neil Martin sold 689 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $160.64, for a total value of $110,680.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Neil Smit sold 3,069 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $200.94, for a total transaction of $616,684.86. Following the transaction, the director now directly owns 5,902 shares of the company’s stock, valued at approximately $1,185,947.88. The disclosure for this sale can be found here. Insiders have sold 53,974 shares of company stock worth $9,691,316 in the last ninety days. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on QCOM shares. Robert W. Baird lifted their price target on QUALCOMM from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Evercore ISI initiated coverage on shares of QUALCOMM in a report on Tuesday, April 16th. They set an “in-line” rating and a $177.00 price target on the stock. Piper Sandler raised their price target on shares of QUALCOMM from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. upped their price objective on shares of QUALCOMM from $170.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $190.00 target price on shares of QUALCOMM in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $185.91.

Get Our Latest Stock Report on QUALCOMM

QUALCOMM Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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