Franklin Street Advisors Inc. NC Has $747,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Franklin Street Advisors Inc. NC lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 8.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,164 shares of the wireless technology company’s stock after acquiring an additional 400 shares during the period. Franklin Street Advisors Inc. NC’s holdings in QUALCOMM were worth $747,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Rheos Capital Works Inc. raised its holdings in shares of QUALCOMM by 36.8% in the 3rd quarter. Rheos Capital Works Inc. now owns 157,900 shares of the wireless technology company’s stock worth $17,536,000 after buying an additional 42,500 shares in the last quarter. HF Advisory Group LLC bought a new position in shares of QUALCOMM during the third quarter valued at $629,000. DnB Asset Management AS boosted its stake in shares of QUALCOMM by 31.1% in the 3rd quarter. DnB Asset Management AS now owns 908,457 shares of the wireless technology company’s stock valued at $100,893,000 after purchasing an additional 215,522 shares in the last quarter. Sather Financial Group Inc grew its holdings in shares of QUALCOMM by 5.8% in the 3rd quarter. Sather Financial Group Inc now owns 327,547 shares of the wireless technology company’s stock worth $36,377,000 after purchasing an additional 18,090 shares during the last quarter. Finally, Stratos Wealth Advisors LLC lifted its holdings in QUALCOMM by 24.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 39,460 shares of the wireless technology company’s stock valued at $4,382,000 after purchasing an additional 7,682 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at QUALCOMM

In other news, CEO Cristiano R. Amon sold 8,100 shares of the firm’s stock in a transaction that occurred 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 approximately $4,843,800. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $159.39, for a total transaction of $1,275,120.00. Following the completion of the sale, the chief technology officer now directly owns 269,893 shares in the company, valued at $43,018,245.27. 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 the 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 owns 32,400 shares of the company’s stock, valued at $4,843,800. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,360 shares of company stock valued at $5,457,048. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 0.1 %

NASDAQ:QCOM opened at $169.30 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56. QUALCOMM Incorporated has a 52-week low of $101.47 and a 52-week high of $177.59. The company has a market cap of $188.94 billion, a PE ratio of 24.54, a PEG ratio of 2.31 and a beta of 1.41. The stock has a 50-day simple moving average of $157.64 and a 200 day simple moving average of $135.88.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.43. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.50 billion. On average, sell-side analysts expect that QUALCOMM Incorporated will post 7.67 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.20 annualized dividend and a yield of 1.89%. QUALCOMM’s dividend payout ratio is 46.38%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Barclays upped their price objective on shares of QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. dropped their price target on QUALCOMM from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. Piper Sandler upped 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. Morgan Stanley cut shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $119.00 to $132.00 in a research report on Friday, December 8th. Finally, StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average price target of $148.71.

About QUALCOMM

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.