Kera Capital Partners Inc. Takes $212,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Kera Capital Partners Inc. acquired a new position in QUALCOMM Incorporated (NASDAQ:QCOM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,377 shares of the wireless technology company’s stock, valued at approximately $212,000.

Other hedge funds also recently bought and sold shares of the company. Smith Salley Wealth Management lifted its position in shares of QUALCOMM by 1.3% during the fourth quarter. Smith Salley Wealth Management now owns 19,351 shares of the wireless technology company’s stock valued at $2,973,000 after buying an additional 239 shares during the last quarter. Krilogy Financial LLC bought a new position in shares of QUALCOMM during the 4th quarter worth approximately $1,626,000. HB Wealth Management LLC lifted its position in QUALCOMM by 17.3% during the fourth quarter. HB Wealth Management LLC now owns 31,426 shares of the wireless technology company’s stock valued at $4,828,000 after acquiring an additional 4,626 shares during the last quarter. Sanibel Captiva Trust Company Inc. boosted its stake in QUALCOMM by 135.5% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 58,495 shares of the wireless technology company’s stock valued at $8,986,000 after acquiring an additional 33,652 shares in the last quarter. Finally, Verity & Verity LLC grew its holdings in QUALCOMM by 7.8% in the fourth quarter. Verity & Verity LLC now owns 57,444 shares of the wireless technology company’s stock worth $8,825,000 after purchasing an additional 4,168 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Up 1.9 %

QCOM opened at $164.56 on Monday. The company has a market cap of $182.83 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.25. QUALCOMM Incorporated has a twelve month low of $139.26 and a twelve month high of $230.63. The company has a 50-day moving average price of $158.85 and a 200 day moving average price of $168.82. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. Sell-side analysts expect that QUALCOMM Incorporated will post 9.09 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm 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 2.07%. QUALCOMM’s payout ratio is 37.82%.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of recent analyst reports. Susquehanna lowered their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Cantor Fitzgerald reissued a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a report on Wednesday, November 20th. UBS Group upped their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Loop Capital assumed coverage on shares of QUALCOMM in a research note on Monday, November 11th. They issued a “hold” rating and a $180.00 target price for the company. Finally, Citigroup cut their price target on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

Insider Activity

In other QUALCOMM news, insider Alexander H. Rogers sold 10,373 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the sale, the insider now directly owns 33,383 shares of the company’s stock, valued at $5,360,975.97. This trade represents a 23.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the transaction, the general counsel now directly owns 12,007 shares in the company, valued at approximately $1,981,875.42. The trade was a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,882 shares of company stock worth $4,314,649 over the last three months. Insiders own 0.08% of the company’s stock.

About QUALCOMM

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.