Arlington Capital Management Inc. Invests $228,000 in QUALCOMM Incorporated (NASDAQ:QCOM)

Arlington Capital Management Inc. acquired a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,579 shares of the wireless technology company’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also bought and sold shares of QCOM. Calamos Wealth Management LLC lifted its stake in QUALCOMM by 12.9% during the 3rd quarter. Calamos Wealth Management LLC now owns 2,207 shares of the wireless technology company’s stock valued at $245,000 after acquiring an additional 252 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in QUALCOMM by 12.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,990,103 shares of the wireless technology company’s stock valued at $221,021,000 after buying an additional 226,567 shares during the last quarter. Rowlandmiller & PARTNERS.ADV grew its holdings in shares of QUALCOMM by 1.1% in the third quarter. Rowlandmiller & PARTNERS.ADV now owns 74,488 shares of the wireless technology company’s stock worth $8,273,000 after acquiring an additional 846 shares during the period. Kanawha Capital Management LLC grew its position in shares of QUALCOMM by 4.3% during the 3rd quarter. Kanawha Capital Management LLC now owns 83,480 shares of the wireless technology company’s stock valued at $9,271,000 after acquiring an additional 3,471 shares during the period. Finally, River Street Advisors LLC boosted its stake in QUALCOMM by 4.5% in the 3rd quarter. River Street Advisors LLC now owns 6,896 shares of the wireless technology company’s stock worth $766,000 after purchasing an additional 295 shares during the period. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Trading Down 0.2 %

Shares of QCOM stock traded down $0.33 on Thursday, hitting $180.22. 1,497,585 shares of the stock traded hands, compared to its average volume of 8,618,134. The firm’s 50-day moving average price is $168.62 and its two-hundred day moving average price is $148.09. QUALCOMM Incorporated has a twelve month low of $101.47 and a twelve month high of $184.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.98 and a current ratio of 2.65. The stock has a market capitalization of $201.13 billion, a PE ratio of 24.32, a PEG ratio of 2.27 and a beta of 1.33.

QUALCOMM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, May 30th. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.80. QUALCOMM’s dividend payout ratio (DPR) is 45.70%.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective on QUALCOMM from $158.00 to $172.00 and gave the company an “equal weight” rating in a research report on Thursday, May 2nd. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of QUALCOMM in a research report on Friday, May 3rd. Wells Fargo & Company lifted their price objective on shares of QUALCOMM from $120.00 to $140.00 and gave the stock an “underweight” rating in a research note on Thursday, May 2nd. StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $190.00 target price on shares of QUALCOMM in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $180.48.

Insider Buying and Selling

In related news, Director Sylvia Acevedo sold 2,056 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $178.21, for a total transaction of $366,399.76. Following the transaction, the director now owns 54 shares of the company’s stock, valued at approximately $9,623.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Cristiano R. Amon sold 8,100 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $159.50, for a total value of $1,291,950.00. Following the sale, the chief executive officer now directly owns 24,300 shares in the company, valued at approximately $3,875,850. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sylvia Acevedo sold 2,056 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.21, for a total value of $366,399.76. Following the completion of the transaction, the director now owns 54 shares in the company, valued at approximately $9,623.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,316 shares of company stock valued at $7,796,128. Company insiders own 0.08% of the company’s stock.

QUALCOMM Company 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.