QUALCOMM Incorporated (NASDAQ:QCOM) Position Raised by Archford Capital Strategies LLC

Archford Capital Strategies LLC raised its position in shares of QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,974 shares of the wireless technology company’s stock after purchasing an additional 620 shares during the quarter. Archford Capital Strategies LLC’s holdings in QUALCOMM were worth $1,153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DHJJ Financial Advisors Ltd. purchased a new stake in QUALCOMM during the third quarter valued at about $26,000. Financial Gravity Asset Management Inc. boosted its stake in QUALCOMM by 102.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 122 shares during the period. Milestone Investment Advisors LLC purchased a new position in QUALCOMM during the 1st quarter worth approximately $26,000. Pacifica Partners Inc. raised its stake in QUALCOMM by 150.0% during the 3rd quarter. Pacifica Partners Inc. now owns 250 shares of the wireless technology company’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Finally, Legacy Financial Group LLC purchased a new stake in shares of QUALCOMM in the third quarter valued at $29,000. Institutional investors own 71.10% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM opened at $170.10 on Friday. The company’s 50-day moving average is $155.38 and its 200-day moving average is $134.14. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.56 and a quick ratio of 1.88. The firm has a market capitalization of $189.83 billion, a PE ratio of 24.65, a PEG ratio of 2.34 and a beta of 1.41. QUALCOMM Incorporated has a fifty-two week low of $101.47 and a fifty-two week high of $177.59.

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

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Wednesday, February 28th. QUALCOMM’s dividend payout ratio is presently 46.38%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $169.60, for a total transaction of $1,373,760.00. Following the completion of the transaction, the chief executive officer now owns 16,200 shares of the company’s stock, valued at $2,747,520. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other QUALCOMM news, CAO Neil Martin sold 689 shares of the 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 Securities & Exchange Commission, which is available through this link. Also, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $169.60, for a total value of $1,373,760.00. Following the sale, the chief executive officer now owns 16,200 shares in the company, valued at $2,747,520. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,360 shares of company stock valued at $5,457,048. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on QCOM. Cantor Fitzgerald restated a “neutral” rating and set a $150.00 price objective on shares of QUALCOMM in a research report on Monday, March 4th. Piper Sandler boosted their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Barclays increased their price objective on QUALCOMM from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Morgan Stanley lowered shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $119.00 to $132.00 in a research report on Friday, December 8th. Finally, Rosenblatt Securities upped 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.71.

Check Out Our Latest Analysis on QCOM

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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