Sargent Investment Group LLC Has $4.84 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Sargent Investment Group LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 25.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,784 shares of the wireless technology company’s stock after buying an additional 6,312 shares during the period. QUALCOMM comprises 0.8% of Sargent Investment Group LLC’s holdings, making the stock its 29th largest position. Sargent Investment Group LLC’s holdings in QUALCOMM were worth $4,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QCOM. Guidance Capital Inc. raised its holdings in QUALCOMM by 1.6% in the fourth quarter. Guidance Capital Inc. now owns 5,892 shares of the wireless technology company’s stock worth $905,000 after purchasing an additional 90 shares during the period. Welch Group LLC lifted its holdings in QUALCOMM by 1.3% during the fourth quarter. Welch Group LLC now owns 351,061 shares of the wireless technology company’s stock worth $54,267,000 after acquiring an additional 4,613 shares in the last quarter. Pennsylvania Capital Management Inc. ADV lifted its holdings in QUALCOMM by 49.9% during the fourth quarter. Pennsylvania Capital Management Inc. ADV now owns 2,909 shares of the wireless technology company’s stock worth $447,000 after acquiring an additional 969 shares in the last quarter. Cullinan Associates Inc. grew its stake in QUALCOMM by 18.5% in the fourth quarter. Cullinan Associates Inc. now owns 23,721 shares of the wireless technology company’s stock valued at $3,644,000 after acquiring an additional 3,709 shares during the period. Finally, Compass Capital Management Inc. increased its holdings in shares of QUALCOMM by 6.3% in the fourth quarter. Compass Capital Management Inc. now owns 354,995 shares of the wireless technology company’s stock worth $54,534,000 after acquiring an additional 21,083 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $161.54, for a total transaction of $484,620.00. Following the sale, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. This represents a 5.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at approximately $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,981 shares of company stock worth $4,000,870 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Stock Up 1.6 %

QUALCOMM stock opened at $173.04 on Wednesday. QUALCOMM Incorporated has a twelve month low of $141.21 and a twelve month high of $230.63. The stock has a market cap of $192.25 billion, a P/E ratio of 19.25, a P/E/G ratio of 2.87 and a beta of 1.25. The company’s 50-day moving average price is $160.99 and its two-hundred day moving average price is $166.04. 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 released its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.25. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. As a group, analysts expect that QUALCOMM Incorporated will post 9.16 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 1.96%. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of research reports. Wells Fargo & Company increased their target price on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Melius started coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective for the company. Citigroup dropped their price objective on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. Sanford C. Bernstein upped their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, UBS Group boosted their price target on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, QUALCOMM presently has an average rating of “Moderate Buy” and a consensus target price of $206.57.

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.