Tamar Securities LLC Acquires 10,864 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Tamar Securities LLC raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM – Get Rating) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,663 shares of the wireless technology company’s stock after buying an additional 10,864 shares during the quarter. QUALCOMM accounts for approximately 3.7% of Tamar Securities LLC’s holdings, making the stock its 6th biggest holding. Tamar Securities LLC’s holdings in QUALCOMM were worth $11,599,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CoreFirst Bank & Trust grew its position in QUALCOMM by 103.1% in the second quarter. CoreFirst Bank & Trust now owns 197 shares of the wireless technology company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. IAG Wealth Partners LLC increased its position in shares of QUALCOMM by 62.3% in the third quarter. IAG Wealth Partners LLC now owns 224 shares of the wireless technology company’s stock worth $25,000 after purchasing an additional 86 shares during the period. Schubert & Co boosted its holdings in shares of QUALCOMM by 136.0% in the 2nd quarter. Schubert & Co now owns 203 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 117 shares in the last quarter. AdvisorShares Investments LLC bought a new stake in shares of QUALCOMM during the 2nd quarter valued at approximately $27,000. Finally, Syverson Strege & Co increased its holdings in QUALCOMM by 124.3% in the 2nd quarter. Syverson Strege & Co now owns 240 shares of the wireless technology company’s stock worth $31,000 after purchasing an additional 133 shares in the last quarter. 70.87% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Price Performance

QUALCOMM stock traded down $1.83 during midday trading on Wednesday, reaching $128.87. The company’s stock had a trading volume of 1,869,328 shares, compared to its average volume of 8,320,977. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.21 and a current ratio of 1.75. The firm has a market capitalization of $143.97 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 fifty-two week low of $101.93 and a fifty-two week high of $192.10. The stock’s 50 day simple moving average is $118.39 and its 200 day simple moving average is $126.00.

QUALCOMM (NASDAQ:QCOM – Get Rating) last posted its earnings results on Wednesday, November 2nd. The wireless technology company reported $2.74 earnings per share (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 business had revenue of $11.40 billion during the quarter, compared to analyst estimates of $11.38 billion. On average, equities research analysts forecast that QUALCOMM Incorporated will post 8.81 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Thursday, March 2nd will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, March 1st. This represents a $3.00 annualized dividend and a dividend yield of 2.33%. QUALCOMM’s dividend payout ratio is 26.36%.

Analyst Ratings Changes

QCOM has been the subject of a number of analyst reports. Raymond James lowered their price target on QUALCOMM from $190.00 to $150.00 and set a “strong-buy” rating for the company in a research report on Thursday, November 3rd. Credit Suisse Group started coverage on shares of QUALCOMM in a report on Tuesday, November 15th. They issued an “outperform” rating and a $150.00 price target on the stock. Cowen reduced their price objective on QUALCOMM from $185.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Canaccord Genuity Group lowered their target price on QUALCOMM from $225.00 to $165.00 in a research note on Thursday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on QUALCOMM from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and a consensus target price of $158.46.

Insiders Place Their Bets

In related news, insider Alexander H. Rogers sold 26,427 shares of the company’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $122.33, for a total transaction of $3,232,814.91. Following the transaction, the insider now owns 51,179 shares in the company, valued at approximately $6,260,727.07. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other QUALCOMM news, CAO Erin L. Polek sold 2,894 shares of QUALCOMM stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $121.10, for a total value of $350,463.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alexander H. Rogers sold 26,427 shares of the business’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $122.33, for a total transaction of $3,232,814.91. Following the completion of the sale, the insider now directly owns 51,179 shares in the company, valued at approximately $6,260,727.07. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

QUALCOMM Profile

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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.