Schechter Investment Advisors LLC Grows Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Schechter Investment Advisors LLC grew its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 6.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,332 shares of the wireless technology company’s stock after acquiring an additional 713 shares during the quarter. Schechter Investment Advisors LLC’s holdings in QUALCOMM were worth $1,393,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Legal & General Group Plc increased its position in QUALCOMM by 5.2% during the second quarter. Legal & General Group Plc now owns 8,775,033 shares of the wireless technology company’s stock worth $1,120,924,000 after buying an additional 431,812 shares in the last quarter. Cowa LLC purchased a new position in QUALCOMM during the first quarter worth $94,000. UBS Asset Management Americas Inc. increased its position in QUALCOMM by 0.3% during the second quarter. UBS Asset Management Americas Inc. now owns 6,100,267 shares of the wireless technology company’s stock worth $779,248,000 after buying an additional 16,756 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in QUALCOMM by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,540,493 shares of the wireless technology company’s stock worth $846,699,000 after buying an additional 175,098 shares in the last quarter. Finally, Swiss National Bank increased its position in QUALCOMM by 0.8% during the second quarter. Swiss National Bank now owns 4,888,822 shares of the wireless technology company’s stock worth $624,498,000 after buying an additional 37,800 shares in the last quarter. Hedge funds and other institutional investors own 70.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on QCOM shares. Barclays raised QUALCOMM from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $150.00 in a research report on Monday. Cowen decreased their price objective on QUALCOMM from $185.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, November 3rd. Credit Suisse Group initiated coverage on QUALCOMM in a report on Tuesday, November 15th. They set an “outperform” rating and a $150.00 price objective on the stock. Mizuho decreased their price objective on QUALCOMM from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd. Finally, Canaccord Genuity Group decreased their price objective on QUALCOMM from $225.00 to $165.00 in a report on Thursday, November 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus target price of $158.46.

QUALCOMM Trading Down 0.3 %

Shares of QCOM opened at $130.70 on Wednesday. The stock’s 50-day moving average is $118.39 and its two-hundred day moving average is $126.00. The stock has a market cap of $146.02 billion, a PE ratio of 11.49, a P/E/G ratio of 0.95 and a beta of 1.23. QUALCOMM Incorporated has a 12 month low of $101.93 and a 12 month high of $192.10. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.75 and a quick ratio of 1.21.

QUALCOMM (NASDAQ:QCOMGet Rating) last issued its earnings results on Wednesday, November 2nd. The wireless technology company reported $2.74 EPS for the quarter, meeting analysts’ consensus estimates of $2.74. QUALCOMM had a return on equity of 86.71% and a net margin of 29.27%. The company had revenue of $11.40 billion during the quarter, compared to the consensus estimate of $11.38 billion. Equities analysts forecast that QUALCOMM Incorporated will post 8.81 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Thursday, March 2nd will be paid a $0.75 dividend. The ex-dividend date is Wednesday, March 1st. This represents a $3.00 dividend on an annualized basis and a yield of 2.30%. QUALCOMM’s payout ratio is currently 26.36%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Erin L. Polek sold 2,894 shares of QUALCOMM stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $121.10, for a total value of $350,463.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Erin L. Polek sold 2,894 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $121.10, for a total transaction of $350,463.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander H. Rogers sold 26,427 shares of the business’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $122.33, for a total value of $3,232,814.91. Following the transaction, the insider now owns 51,179 shares of the company’s stock, valued at $6,260,727.07. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.

QUALCOMM Company Profile

(Get Rating)

QUALCOMM, Inc engages in the development, design, and provision of digital telecommunications products and services. It operates through the following 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 technologies for the use in voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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