Hyman Charles D Decreases Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)


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Hyman Charles D lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,181 shares of the wireless technology company’s stock after selling 170 shares during the period. Hyman Charles D’s holdings in QUALCOMM were worth $1,350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Howard Capital Management Inc. boosted its position in shares of QUALCOMM by 3.0% in the 1st quarter. Howard Capital Management Inc. now owns 4,515 shares of the wireless technology company’s stock valued at $627,000 after purchasing an additional 131 shares during the period. Meeder Asset Management Inc. increased its stake in QUALCOMM by 1,026.4% in the first quarter. Meeder Asset Management Inc. now owns 80,549 shares of the wireless technology company’s stock valued at $10,680,000 after purchasing an additional 73,398 shares during the period. Sound View Wealth Advisors Group LLC raised its holdings in shares of QUALCOMM by 17.4% in the first quarter. Sound View Wealth Advisors Group LLC now owns 15,731 shares of the wireless technology company’s stock valued at $2,086,000 after buying an additional 2,332 shares during the last quarter. DAGCO Inc. purchased a new position in shares of QUALCOMM during the first quarter worth about $234,000. Finally, Dividend Assets Capital LLC increased its position in QUALCOMM by 2.7% in the 1st quarter. Dividend Assets Capital LLC now owns 43,849 shares of the wireless technology company’s stock valued at $5,814,000 after acquiring an additional 1,161 shares during the period. 74.76% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on QCOM shares. Piper Sandler boosted their target price on QUALCOMM from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, April 29th. Citigroup reduced their target price on shares of QUALCOMM from $165.00 to $154.00 in a research note 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 note on Monday, April 19th. Canaccord Genuity increased their target price on shares of QUALCOMM from $180.00 to $188.00 and gave the company a “buy” rating in a report on Thursday, April 29th. Finally, Rosenblatt Securities boosted their price target on QUALCOMM from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. Twelve 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 presently has an average rating of “Buy” and a consensus price target of $163.65.

Shares of NASDAQ QCOM traded down $4.32 during trading on Tuesday, hitting $133.11. The company had a trading volume of 495,425 shares, compared to its average volume of 10,514,027. The company has a market cap of $151.21 billion, a P/E ratio of 30.34, a PEG ratio of 1.27 and a beta of 1.34. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.84 and a current ratio of 2.14. The business’s 50-day moving average is $135.51 and its 200 day moving average is $142.67. QUALCOMM Incorporated has a 52 week low of $74.09 and a 52 week high of $167.94.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 24th. Shareholders of record on Thursday, June 3rd will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, June 2nd. This is a boost from QUALCOMM’s previous quarterly dividend of $0.65. QUALCOMM’s payout ratio is 77.84%.

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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