Oak Family Advisors LLC Has $7.06 Million Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Oak Family Advisors LLC reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,220 shares of the wireless technology company’s stock after selling 560 shares during the period. QUALCOMM accounts for approximately 3.1% of Oak Family Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Oak Family Advisors LLC’s holdings in QUALCOMM were worth $7,056,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Moser Wealth Advisors LLC raised its position in QUALCOMM by 223.2% during the 4th quarter. Moser Wealth Advisors LLC now owns 181 shares of the wireless technology company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Wealthcare Capital Management LLC acquired a new stake in QUALCOMM during the 1st quarter worth about $26,000. Capital Directions Investment Advisors LLC grew its holdings in QUALCOMM by 100.0% during the 4th quarter. Capital Directions Investment Advisors LLC now owns 200 shares of the wireless technology company’s stock worth $30,000 after acquiring an additional 100 shares during the period. RMR Wealth Builders acquired a new stake in QUALCOMM during the 4th quarter worth about $30,000. Finally, Valley Brook Capital Group acquired a new stake in QUALCOMM during the 4th quarter worth about $30,000. 74.76% of the stock is owned by institutional investors and hedge funds.

QUALCOMM stock opened at $130.15 on Friday. QUALCOMM Incorporated has a 52 week low of $74.37 and a 52 week high of $167.94. The company’s 50 day moving average price is $135.89 and its two-hundred day moving average price is $142.92. The company has a quick ratio of 1.84, a current ratio of 2.14 and a debt-to-equity ratio of 2.51. The stock has a market cap of $146.81 billion, a P/E ratio of 28.73, a P/E/G ratio of 1.27 and a beta of 1.34.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, April 28th. The wireless technology company reported $1.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.49. The firm had revenue of $7.93 billion for the quarter, compared to analysts’ expectations of $7.62 billion. QUALCOMM had a net margin of 22.09% and a return on equity of 90.74%. The company’s quarterly revenue was up 52.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. On average, equities analysts anticipate that QUALCOMM Incorporated will post 6.33 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 24th. Investors of record on Thursday, June 3rd will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Wednesday, June 2nd. This is a boost from QUALCOMM’s previous quarterly dividend of $0.65. QUALCOMM’s payout ratio is 77.84%.

A number of brokerages have weighed in on QCOM. Susquehanna Bancshares downgraded QUALCOMM to a “neutral” rating and decreased their price target for the stock from $175.00 to $155.00 in a report on Monday, April 19th. Royal Bank of Canada increased their price target on QUALCOMM from $126.00 to $150.00 and gave the stock a “sector perform” rating in a report on Thursday, February 4th. Citigroup decreased their price target on QUALCOMM from $165.00 to $154.00 in a report on Thursday, April 29th. Piper Sandler increased their price target on QUALCOMM from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, May 5th. Finally, Rosenblatt Securities raised their target price on QUALCOMM from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Twelve investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $163.65.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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