Argyle Capital Management LLC Takes Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Argyle Capital Management LLC bought a new position in QUALCOMM Incorporated (NASDAQ:QCOM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,309 shares of the wireless technology company’s stock, valued at approximately $355,000.

A number of other institutional investors have also bought and sold shares of the business. Wakefield Asset Management LLLP boosted its stake in shares of QUALCOMM by 47.9% in the fourth quarter. Wakefield Asset Management LLLP now owns 3,181 shares of the wireless technology company’s stock worth $489,000 after acquiring an additional 1,030 shares during the period. Fusion Capital LLC lifted its holdings in QUALCOMM by 12.5% in the 4th quarter. Fusion Capital LLC now owns 19,187 shares of the wireless technology company’s stock worth $2,948,000 after purchasing an additional 2,137 shares in the last quarter. Fort Sheridan Advisors LLC boosted its stake in QUALCOMM by 0.4% in the 4th quarter. Fort Sheridan Advisors LLC now owns 22,623 shares of the wireless technology company’s stock worth $3,475,000 after purchasing an additional 100 shares during the period. Schulhoff & Co. Inc. grew its holdings in QUALCOMM by 0.7% during the 4th quarter. Schulhoff & Co. Inc. now owns 14,862 shares of the wireless technology company’s stock valued at $2,283,000 after buying an additional 99 shares in the last quarter. Finally, HC Advisors LLC bought a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $204,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

QCOM has been the subject of a number of research reports. Morgan Stanley dropped their target price on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Loop Capital initiated coverage on shares of QUALCOMM in a report on Monday, November 11th. They set a “hold” rating and a $180.00 price objective for the company. UBS Group lifted their target price on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. StockNews.com raised QUALCOMM from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st. Finally, Benchmark restated a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $205.32.

QUALCOMM Stock Down 4.7 %

NASDAQ:QCOM opened at $154.44 on Friday. The stock has a fifty day simple moving average of $164.85 and a 200-day simple moving average of $165.68. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The company has a market cap of $170.81 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. QUALCOMM Incorporated has a twelve month low of $149.43 and a twelve month high of $230.63.

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

QUALCOMM Dividend Announcement

The company also recently disclosed 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 yield of 2.20%. QUALCOMM’s dividend payout ratio (DPR) is currently 36.32%.

Insiders Place Their Bets

In other 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 transaction of $1,665,800.07. Following the transaction, the insider now owns 33,383 shares in the company, valued at approximately $5,360,975.97. This trade represents a 23.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the completion of the sale, the general counsel now directly owns 19,739 shares of the company’s stock, valued at approximately $3,121,130.68. This trade represents a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,708 shares of company stock worth $7,713,734 in the last ninety days. 0.08% of the stock is owned by company insiders.

QUALCOMM Company 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.