Guinness Atkinson Asset Management Inc Purchases 177 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Guinness Atkinson Asset Management Inc raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 27.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 817 shares of the wireless technology company’s stock after purchasing an additional 177 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in QUALCOMM were worth $126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of QCOM. HWG Holdings LP bought a new position in QUALCOMM in the 2nd quarter valued at approximately $30,000. Reston Wealth Management LLC bought a new position in shares of QUALCOMM during the third quarter valued at $26,000. Planning Capital Management Corp raised its position in QUALCOMM by 137.3% during the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock worth $34,000 after purchasing an additional 114 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in shares of QUALCOMM in the second quarter worth approximately $42,000. Finally, Accordant Advisory Group Inc bought a new stake in shares of QUALCOMM in the 3rd quarter valued at $36,000. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In related news, insider Alexander H. Rogers sold 10,373 shares of the 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 transaction, the insider now owns 33,383 shares in the company, valued at $5,360,975.97. This represents a 23.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction 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 trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,882 shares of company stock worth $4,314,649. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Up 1.9 %

Shares of QUALCOMM stock opened at $164.56 on Monday. The company has a 50-day moving average of $158.85 and a 200 day moving average of $168.82. QUALCOMM Incorporated has a 1 year low of $139.26 and a 1 year high of $230.63. The firm has a market cap of $182.83 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.63 and a beta of 1.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79.

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. The firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. As a group, 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 issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.07%. QUALCOMM’s payout ratio is currently 37.82%.

Analyst Ratings Changes

Several brokerages recently commented on QCOM. Loop Capital began coverage on QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 target price on the stock. Melius Research initiated coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 target price for the company. Sanford C. Bernstein increased their price target on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Susquehanna dropped their target price on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, November 20th. Finally, Citigroup cut their price target on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, QUALCOMM presently has an average rating of “Moderate Buy” and an average price target of $206.57.

About QUALCOMM

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.