Schulhoff & Co. Inc. Purchases 135 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Schulhoff & Co. Inc. lifted its position in QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,015 shares of the wireless technology company’s stock after acquiring an additional 135 shares during the quarter. QUALCOMM accounts for 1.1% of Schulhoff & Co. Inc.’s portfolio, making the stock its 25th largest position. Schulhoff & Co. Inc.’s holdings in QUALCOMM were worth $2,562,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of QUALCOMM by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 18,432,987 shares of the wireless technology company’s stock worth $2,371,003,000 after acquiring an additional 415,275 shares during the last quarter. Alliancebernstein L.P. increased its stake in QUALCOMM by 31.6% in the 3rd quarter. Alliancebernstein L.P. now owns 18,239,945 shares of the wireless technology company’s stock worth $2,352,588,000 after buying an additional 4,375,459 shares during the period. Morgan Stanley increased its stake in QUALCOMM by 25.5% in the 2nd quarter. Morgan Stanley now owns 12,960,679 shares of the wireless technology company’s stock worth $1,852,471,000 after buying an additional 2,630,436 shares during the period. Deutsche Bank AG increased its stake in QUALCOMM by 28.7% in the 3rd quarter. Deutsche Bank AG now owns 9,011,327 shares of the wireless technology company’s stock worth $1,162,282,000 after buying an additional 2,010,551 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in QUALCOMM by 2.0% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 5,587,801 shares of the wireless technology company’s stock worth $720,715,000 after buying an additional 108,808 shares during the period. Hedge funds and other institutional investors own 72.78% of the company’s stock.

QCOM stock traded down $8.50 during trading on Friday, reaching $139.69. The company had a trading volume of 13,693,083 shares, compared to its average volume of 10,956,190. The firm has a 50-day simple moving average of $149.96 and a 200-day simple moving average of $162.75. The company has a market cap of $156.45 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.79 and a beta of 1.21. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.33 and a current ratio of 1.65. QUALCOMM Incorporated has a twelve month low of $122.17 and a twelve month high of $193.58.

QUALCOMM (NASDAQ:QCOMGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The wireless technology company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.68 by $0.53. QUALCOMM had a net margin of 28.42% and a return on equity of 112.99%. During the same quarter in the previous year, the business posted $1.59 earnings per share. Sell-side analysts expect that QUALCOMM Incorporated will post 10.6 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 23rd. Shareholders of record on Thursday, June 2nd will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.15%. This is a boost from QUALCOMM’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, June 1st. QUALCOMM’s payout ratio is presently 27.84%.

In related news, CFO Akash J. Palkhiwala sold 3,100 shares of the business’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $179.83, for a total value of $557,473.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.05% of the company’s stock.

Several research analysts recently commented on QCOM shares. Sumitomo Mitsui Financial Group downgraded shares of QUALCOMM from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $215.00 to $155.00 in a research note on Monday, April 18th. Wells Fargo & Company reduced their price target on shares of QUALCOMM from $185.00 to $150.00 in a research note on Thursday. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Friday. Piper Sandler cut their target price on shares of QUALCOMM from $225.00 to $190.00 in a research report on Thursday. Finally, Cowen raised their target price on shares of QUALCOMM from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, February 3rd. Ten research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, QUALCOMM currently has an average rating of “Buy” and a consensus target price of $193.04.

About QUALCOMM (Get Rating)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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