Duncker Streett & Co. Inc. Buys 1,938 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)


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Duncker Streett & Co. Inc. increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 53,828 shares of the wireless technology company’s stock after acquiring an additional 1,938 shares during the period. QUALCOMM accounts for about 1.4% of Duncker Streett & Co. Inc.’s holdings, making the stock its 10th largest position. Duncker Streett & Co. Inc.’s holdings in QUALCOMM were worth $7,137,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Moser Wealth Advisors LLC boosted its stake in QUALCOMM by 223.2% during the 4th quarter. Moser Wealth Advisors LLC now owns 181 shares of the wireless technology company’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Capital Directions Investment Advisors LLC boosted its stake in QUALCOMM by 100.0% during the 4th quarter. Capital Directions Investment Advisors LLC now owns 200 shares of the wireless technology company’s stock valued at $30,000 after purchasing an additional 100 shares during the period. RMR Wealth Builders bought a new stake in QUALCOMM during the 4th quarter valued at approximately $30,000. Valley Brook Capital Group bought a new stake in QUALCOMM during the 4th quarter valued at approximately $30,000. Finally, Addison Advisors LLC bought a new stake in QUALCOMM during the 4th quarter valued at approximately $32,000. 74.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of QUALCOMM stock opened at $135.90 on Tuesday. The firm has a market cap of $154.38 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34. The stock’s 50-day moving average is $135.51 and its 200-day moving average is $142.67. QUALCOMM Incorporated has a one year low of $74.09 and a one year high of $167.94. The company has a debt-to-equity ratio of 2.51, a current ratio of 2.14 and a quick ratio of 1.84.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, April 28th. The wireless technology company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.49. The company had revenue of $7.93 billion for the quarter, compared to analyst estimates of $7.62 billion. QUALCOMM had a return on equity of 90.74% and a net margin of 22.09%. The company’s quarterly revenue was up 52.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. On average, equities analysts expect that QUALCOMM Incorporated will post 6.33 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 24th. Investors of record on Thursday, June 3rd will be given a $0.68 dividend. The ex-dividend date is Wednesday, June 2nd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.65. QUALCOMM’s payout ratio is currently 77.84%.

QCOM has been the subject of a number of research reports. Evercore ISI reiterated an “in-line” rating and issued a $150.00 price objective (down previously from $195.00) on shares of QUALCOMM in a research report on Monday, April 19th. Morgan Stanley raised their price objective on QUALCOMM from $167.00 to $173.00 and gave the stock an “overweight” rating in a research report on Thursday, April 29th. Susquehanna Bancshares downgraded QUALCOMM to a “neutral” rating and cut their target price for the stock from $175.00 to $155.00 in a research report on Monday, April 19th. Rosenblatt Securities raised their target price on QUALCOMM from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. Finally, Piper Sandler raised their target price on QUALCOMM from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, April 29th. Twelve research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $163.65.

About QUALCOMM

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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