QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Jag Capital Management LLC

Jag Capital Management LLC boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,363 shares of the wireless technology company’s stock after acquiring an additional 207 shares during the quarter. Jag Capital Management LLC’s holdings in QUALCOMM were worth $2,821,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in QCOM. Robeco Institutional Asset Management B.V. raised its holdings in QUALCOMM by 11.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,659,743 shares of the wireless technology company’s stock valued at $282,239,000 after acquiring an additional 171,480 shares in the last quarter. KG&L Capital Management LLC raised its holdings in QUALCOMM by 26.4% during the third quarter. KG&L Capital Management LLC now owns 8,568 shares of the wireless technology company’s stock worth $1,457,000 after purchasing an additional 1,787 shares in the last quarter. CORDA Investment Management LLC. raised its holdings in QUALCOMM by 13.9% during the third quarter. CORDA Investment Management LLC. now owns 10,462 shares of the wireless technology company’s stock worth $1,779,000 after purchasing an additional 1,278 shares in the last quarter. Silicon Valley Capital Partners acquired a new stake in QUALCOMM during the third quarter worth approximately $85,000. Finally, National Pension Service raised its holdings in QUALCOMM by 15.3% during the third quarter. National Pension Service now owns 2,398,469 shares of the wireless technology company’s stock worth $407,860,000 after purchasing an additional 318,828 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of research analyst reports. Melius initiated coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. Piper Sandler cut their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Loop Capital initiated coverage on shares of QUALCOMM in a report on Monday, November 11th. They set a “hold” rating and a $180.00 price objective on the stock. Finally, Barclays lowered their target price 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. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $205.32.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $161.54, for a total transaction of $484,620.00. Following the completion of the sale, the chief financial officer now owns 48,778 shares in the company, valued at approximately $7,879,598.12. The trade was a 5.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Neil Martin sold 744 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the completion of the transaction, the chief accounting officer now owns 461 shares of the company’s stock, valued at approximately $80,596.63. This represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,045 shares of company stock worth $8,237,043. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $153.62 on Tuesday. The firm has a market capitalization of $169.90 billion, a P/E ratio of 16.41, a PEG ratio of 2.01 and a beta of 1.25. QUALCOMM Incorporated has a one year low of $149.43 and a one year high of $230.63. The company’s fifty day moving average is $164.84 and its two-hundred day moving average is $165.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.

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

QUALCOMM Dividend Announcement

The company also recently announced 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 2.21%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is currently 36.32%.

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.