3,037 Shares in QUALCOMM Incorporated (NASDAQ:QCOM) Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,037 shares of the wireless technology company’s stock, valued at approximately $439,000.

A number of other institutional investors have also added to or reduced their stakes in QCOM. Strategic Blueprint LLC increased its holdings in shares of QUALCOMM by 23.0% in the third quarter. Strategic Blueprint LLC now owns 3,755 shares of the wireless technology company’s stock valued at $417,000 after purchasing an additional 701 shares during the last quarter. SOL Capital Management CO grew its stake in shares of QUALCOMM by 0.8% in the third quarter. SOL Capital Management CO now owns 12,810 shares of the wireless technology company’s stock valued at $1,423,000 after acquiring an additional 100 shares in the last quarter. Simplicity Solutions LLC grew its stake in shares of QUALCOMM by 2.6% in the third quarter. Simplicity Solutions LLC now owns 36,324 shares of the wireless technology company’s stock valued at $4,034,000 after acquiring an additional 917 shares in the last quarter. Grimes & Company Inc. grew its stake in shares of QUALCOMM by 5.4% in the third quarter. Grimes & Company Inc. now owns 127,614 shares of the wireless technology company’s stock valued at $14,173,000 after acquiring an additional 6,518 shares in the last quarter. Finally, Zullo Investment Group Inc. grew its stake in shares of QUALCOMM by 1.8% in the third quarter. Zullo Investment Group Inc. now owns 6,459 shares of the wireless technology company’s stock valued at $717,000 after acquiring an additional 114 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Trading Up 1.4 %

NASDAQ:QCOM traded up $2.36 on Friday, reaching $165.66. 7,141,339 shares of the stock traded hands, compared to its average volume of 6,691,146. The firm has a market capitalization of $184.88 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 2.24 and a beta of 1.41. The company’s 50 day moving average is $165.84 and its 200-day moving average is $144.47. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $177.59.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.90 by $0.43. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. Equities research analysts anticipate that QUALCOMM Incorporated will post 7.64 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.85 per share. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, May 30th. This represents a $3.40 annualized dividend and a dividend yield of 2.05%. QUALCOMM’s dividend payout ratio (DPR) is 46.38%.

Insider Transactions at QUALCOMM

In other news, CAO Neil Martin sold 371 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the sale, the chief accounting officer now owns 689 shares of the company’s stock, valued at approximately $103,232.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Neil Martin sold 371 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total value of $55,586.93. Following the transaction, the chief accounting officer now directly owns 689 shares in the company, valued at approximately $103,232.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Cristiano R. Amon sold 8,100 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $159.50, for a total value of $1,291,950.00. Following the completion of the transaction, the chief executive officer now owns 24,300 shares in the company, valued at $3,875,850. The disclosure for this sale can be found here. Insiders sold a total of 36,260 shares of company stock valued at $5,973,728 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on QCOM shares. Benchmark started coverage on shares of QUALCOMM in a research report on Tuesday. They set a “buy” rating and a $200.00 price objective for the company. KeyCorp upped their price objective on shares of QUALCOMM from $180.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. Cantor Fitzgerald upped their price objective on shares of QUALCOMM from $150.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, Barclays increased their target price on shares of QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.86.

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.