1,589 Shares in QUALCOMM Incorporated (NASDAQ:QCOM) Acquired by Key Client Fiduciary Advisors LLC

Key Client Fiduciary Advisors LLC bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOMFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,589 shares of the wireless technology company’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Certified Advisory Corp increased its holdings in QUALCOMM by 0.7% during the 1st quarter. Certified Advisory Corp now owns 11,582 shares of the wireless technology company’s stock valued at $1,770,000 after purchasing an additional 79 shares in the last quarter. MCF Advisors LLC increased its holdings in QUALCOMM by 1.6% during the 3rd quarter. MCF Advisors LLC now owns 5,891 shares of the wireless technology company’s stock valued at $654,000 after purchasing an additional 90 shares in the last quarter. Allen Investment Management LLC increased its holdings in QUALCOMM by 5.1% during the 3rd quarter. Allen Investment Management LLC now owns 1,976 shares of the wireless technology company’s stock valued at $219,000 after purchasing an additional 95 shares in the last quarter. Valley National Advisers Inc. increased its holdings in QUALCOMM by 1.4% during the 3rd quarter. Valley National Advisers Inc. now owns 6,922 shares of the wireless technology company’s stock valued at $769,000 after purchasing an additional 95 shares in the last quarter. Finally, Apella Capital LLC increased its stake in shares of QUALCOMM by 1.5% in the 3rd quarter. Apella Capital LLC now owns 6,335 shares of the wireless technology company’s stock valued at $704,000 after buying an additional 96 shares during the period. 71.10% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

QCOM stock opened at $167.20 on Friday. The firm has a market cap of $186.60 billion, a PE ratio of 24.23, a P/E/G ratio of 2.31 and a beta of 1.41. The business’s 50-day moving average price is $153.14 and its two-hundred day moving average price is $132.79. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $177.59. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63.

QUALCOMM (NASDAQ:QCOMGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.43. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. As a group, research analysts forecast that QUALCOMM Incorporated will post 7.67 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th will be issued a $0.80 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.91%. QUALCOMM’s dividend payout ratio (DPR) is 46.38%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on QCOM shares. KeyCorp lifted their target price on QUALCOMM from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Rosenblatt Securities lifted their target price on QUALCOMM from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Barclays lifted their target price on QUALCOMM from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. lowered their target price on QUALCOMM from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. Finally, Mizuho lifted their target price on QUALCOMM from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and a consensus price target of $148.71.

Get Our Latest Research Report on QUALCOMM

Insider Activity

In other news, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction dated 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 in the company, valued at $4,843,800. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Neil Martin sold 689 shares of QUALCOMM stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $160.64, for a total value of $110,680.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Cristiano R. Amon sold 8,100 shares of QUALCOMM stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 32,400 shares in the company, valued at approximately $4,843,800. The disclosure for this sale can be found here. Insiders have sold a total of 34,360 shares of company stock worth $5,457,048 over the last three months. Corporate insiders own 0.08% of the company’s stock.

About QUALCOMM

(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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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