Alliance Wealth Advisors LLC UT Has $1.93 Million Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Alliance Wealth Advisors LLC UT boosted its position in QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 5.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,380 shares of the wireless technology company’s stock after acquiring an additional 975 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in QUALCOMM were worth $1,930,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in QUALCOMM by 1.4% during the 2nd quarter. BlackRock Inc. now owns 85,088,444 shares of the wireless technology company’s stock valued at $10,128,928,000 after buying an additional 1,191,089 shares in the last quarter. State Street Corp grew its holdings in QUALCOMM by 1.1% during the 2nd quarter. State Street Corp now owns 49,042,212 shares of the wireless technology company’s stock valued at $5,837,985,000 after buying an additional 549,861 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in QUALCOMM by 117,461.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,587,893 shares of the wireless technology company’s stock valued at $2,703,193,000 after buying an additional 24,566,978 shares in the last quarter. Morgan Stanley grew its holdings in QUALCOMM by 22.2% during the 4th quarter. Morgan Stanley now owns 21,602,874 shares of the wireless technology company’s stock valued at $2,375,020,000 after buying an additional 3,929,586 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in QUALCOMM by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 21,582,298 shares of the wireless technology company’s stock valued at $2,562,664,000 after buying an additional 549,099 shares in the last quarter. 71.10% of the stock is currently owned by institutional investors.

QUALCOMM Price Performance

Shares of QUALCOMM stock opened at $150.96 on Monday. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.63. The company has a market cap of $168.47 billion, a PE ratio of 21.88, a P/E/G ratio of 2.06 and a beta of 1.42. The business has a 50 day moving average of $142.52 and a 200 day moving average of $125.20. QUALCOMM Incorporated has a 52 week low of $101.47 and a 52 week high of $157.98.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, February 29th will be paid a $0.80 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $3.20 annualized dividend and a yield of 2.12%. QUALCOMM’s payout ratio is 46.38%.

Insider Buying and Selling

In related news, CEO Cristiano R. Amon sold 8,100 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $149.50, for a total value of $1,210,950.00. Following the sale, the chief executive officer now directly owns 32,400 shares of the company’s stock, valued at $4,843,800. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Neil Martin sold 3,098 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $130.00, for a total value of $402,740.00. Following the sale, the chief accounting officer now directly owns 247 shares of the company’s stock, valued at $32,110. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Cristiano R. Amon sold 8,100 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $149.50, for a total value of $1,210,950.00. Following the sale, the chief executive officer now directly owns 32,400 shares in the company, valued at $4,843,800. The disclosure for this sale can be found here. Insiders have sold a total of 12,198 shares of company stock valued at $1,752,690 over the last ninety days. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on QUALCOMM from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. Barclays boosted their price objective on QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. StockNews.com upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 1st. Citigroup downgraded QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 target price for the company. in a research report on Thursday, February 1st. Finally, Rosenblatt Securities boosted their target price on QUALCOMM from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.71.

Check Out Our Latest Research Report on QCOM

QUALCOMM Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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