Oak Family Advisors LLC Has $10.62 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Oak Family Advisors LLC grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 69,145 shares of the wireless technology company’s stock after purchasing an additional 1,258 shares during the quarter. QUALCOMM makes up 3.9% of Oak Family Advisors LLC’s holdings, making the stock its 3rd largest holding. Oak Family Advisors LLC’s holdings in QUALCOMM were worth $10,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the stock. FSM Wealth Advisors LLC grew its holdings in shares of QUALCOMM by 1.3% in the 4th quarter. FSM Wealth Advisors LLC now owns 5,291 shares of the wireless technology company’s stock valued at $854,000 after acquiring an additional 70 shares in the last quarter. HHM Wealth Advisors LLC grew its holdings in QUALCOMM by 4.4% during the fourth quarter. HHM Wealth Advisors LLC now owns 1,851 shares of the wireless technology company’s stock worth $284,000 after purchasing an additional 78 shares during the period. Burford Brothers Inc. grew its holdings in QUALCOMM by 16.5% during the fourth quarter. Burford Brothers Inc. now owns 3,983 shares of the wireless technology company’s stock worth $612,000 after purchasing an additional 565 shares during the period. Valley National Advisers Inc. grew its holdings in QUALCOMM by 1.4% during the fourth quarter. Valley National Advisers Inc. now owns 15,375 shares of the wireless technology company’s stock worth $2,361,000 after purchasing an additional 219 shares during the period. Finally, SkyOak Wealth LLC grew its holdings in QUALCOMM by 3.7% during the fourth quarter. SkyOak Wealth LLC now owns 6,918 shares of the wireless technology company’s stock worth $1,063,000 after purchasing an additional 250 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $172.93 on Monday. 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 Incorporated has a twelve month low of $139.26 and a twelve month high of $230.63. The stock has a market cap of $192.13 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 2.87 and a beta of 1.25. The company’s fifty day moving average is $160.76 and its 200 day moving average is $166.37.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.16 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.97%. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

Analysts Set New Price Targets

A number of equities analysts recently commented on QCOM shares. KeyCorp cut QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Melius began 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. Susquehanna cut their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. UBS Group raised their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley dropped their price target 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. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

Insider Activity

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the sale, the chief financial officer now owns 48,778 shares in the company, valued at $7,879,598.12. This represents a 5.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Neil Martin sold 1,304 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. This represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,981 shares of company stock worth $4,000,870 in the last three months. Company insiders own 0.08% of the company’s stock.

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.