Fidelis Capital Partners LLC Grows Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Fidelis Capital Partners LLC boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 17.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 19,005 shares of the wireless technology company’s stock after buying an additional 2,850 shares during the period. Fidelis Capital Partners LLC’s holdings in QUALCOMM were worth $3,785,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC grew its position in shares of QUALCOMM by 4,438.9% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 21,923 shares of the wireless technology company’s stock worth $4,367,000 after acquiring an additional 21,440 shares in the last quarter. ProShare Advisors LLC increased its position in QUALCOMM by 86.7% in the second quarter. ProShare Advisors LLC now owns 2,739,106 shares of the wireless technology company’s stock worth $545,575,000 after buying an additional 1,272,191 shares during the period. Profund Advisors LLC lifted its position in QUALCOMM by 6.3% in the 2nd quarter. Profund Advisors LLC now owns 182,012 shares of the wireless technology company’s stock valued at $36,253,000 after purchasing an additional 10,807 shares during the last quarter. Kowal Investment Group LLC boosted its stake in QUALCOMM by 31.4% during the 2nd quarter. Kowal Investment Group LLC now owns 5,002 shares of the wireless technology company’s stock valued at $996,000 after purchasing an additional 1,195 shares during the period. Finally, Legacy Financial Advisors Inc. grew its position in QUALCOMM by 21.7% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 6,786 shares of the wireless technology company’s stock worth $1,352,000 after purchasing an additional 1,208 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on QCOM. Mizuho lifted their price target on QUALCOMM from $180.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 31st. Westpark Capital reaffirmed a “hold” rating on shares of QUALCOMM in a research note on Tuesday, July 30th. JPMorgan Chase & Co. decreased their target price on shares of QUALCOMM from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Tuesday, September 17th. Susquehanna increased their price target on QUALCOMM from $205.00 to $250.00 and gave the company a “positive” rating in a research note on Wednesday, July 17th. Finally, Rosenblatt Securities lifted their price objective on shares of QUALCOMM from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $211.67.

QUALCOMM Trading Down 2.9 %

Shares of NASDAQ:QCOM opened at $168.92 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $188.51 billion, a PE ratio of 22.70, a P/E/G ratio of 1.82 and a beta of 1.28. The firm has a fifty day moving average price of $172.52 and a 200 day moving average price of $182.16. QUALCOMM Incorporated has a 1 year low of $104.33 and a 1 year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.21. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. The firm had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.23 billion. Analysts expect that QUALCOMM Incorporated will post 8 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be paid a $0.85 dividend. The ex-dividend date is Thursday, September 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.01%. QUALCOMM’s payout ratio is presently 45.70%.

Insider Buying and Selling

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $160.50, for a total transaction of $1,284,000.00. Following the completion of the sale, the chief technology officer now directly owns 229,987 shares in the company, valued at $36,912,913.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $160.50, for a total transaction of $1,284,000.00. Following the completion of the transaction, the chief technology officer now directly owns 229,987 shares in the company, valued at $36,912,913.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $205.61, for a total value of $616,830.00. Following the completion of the sale, the chief financial officer now directly owns 60,343 shares of the company’s stock, valued at $12,407,124.23. The disclosure for this sale can be found here. Insiders have sold 19,000 shares of company stock worth $3,496,590 in the last quarter. 0.08% of the stock is currently owned by company insiders.

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.