one8zero8 LLC Invests $2.32 Million in QUALCOMM Incorporated (NASDAQ:QCOM)

one8zero8 LLC bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,120 shares of the wireless technology company’s stock, valued at approximately $2,323,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Choate Investment Advisors increased its position in shares of QUALCOMM by 6.3% during the fourth quarter. Choate Investment Advisors now owns 18,272 shares of the wireless technology company’s stock worth $2,807,000 after acquiring an additional 1,087 shares during the last quarter. Harrington Investments INC increased its holdings in QUALCOMM by 0.4% in the fourth quarter. Harrington Investments INC now owns 22,727 shares of the wireless technology company’s stock valued at $3,491,000 after buying an additional 89 shares during the last quarter. Van Strum & Towne Inc. increased its holdings in QUALCOMM by 26.2% in the fourth quarter. Van Strum & Towne Inc. now owns 16,847 shares of the wireless technology company’s stock valued at $2,588,000 after buying an additional 3,500 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in QUALCOMM in the fourth quarter valued at about $631,000. Finally, Buckley Wealth Management LLC boosted its stake in QUALCOMM by 13.5% in the fourth quarter. Buckley Wealth Management LLC now owns 7,290 shares of the wireless technology company’s stock valued at $1,120,000 after acquiring an additional 869 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Trading Up 3.1 %

QUALCOMM stock opened at $156.58 on Friday. The company’s fifty day simple moving average is $164.68 and its 200-day simple moving average is $164.46. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63. The stock has a market cap of $173.18 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio is presently 36.32%.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 744 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the sale, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the sale, the insider now owns 24,393 shares of the company’s stock, valued at $3,762,376.32. This trade represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,555 shares of company stock worth $5,094,134. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on QCOM shares. Benchmark restated a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a research note on Friday, February 7th. Evercore ISI decreased their target price on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. Cantor Fitzgerald restated a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Mizuho reduced their price objective on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $205.32.

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.