QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Activest Wealth Management

Activest Wealth Management increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 73.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 317 shares of the wireless technology company’s stock after purchasing an additional 134 shares during the period. Activest Wealth Management’s holdings in QUALCOMM were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. V2 Financial group LLC raised its position in QUALCOMM by 24.0% during the 4th quarter. V2 Financial group LLC now owns 1,550 shares of the wireless technology company’s stock worth $238,000 after buying an additional 300 shares during the last quarter. Wilsey Asset Management Inc. purchased a new position in QUALCOMM during the fourth quarter worth about $452,000. Stiles Financial Services Inc lifted its position in QUALCOMM by 5.8% in the fourth quarter. Stiles Financial Services Inc now owns 27,231 shares of the wireless technology company’s stock valued at $4,184,000 after purchasing an additional 1,492 shares during the period. Martin Capital Advisors LLP boosted its holdings in QUALCOMM by 6.9% in the 4th quarter. Martin Capital Advisors LLP now owns 3,871 shares of the wireless technology company’s stock valued at $595,000 after purchasing an additional 250 shares in the last quarter. Finally, HTLF Bank increased its position in QUALCOMM by 19.0% during the 4th quarter. HTLF Bank now owns 2,307 shares of the wireless technology company’s stock worth $354,000 after purchasing an additional 369 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Mizuho decreased their price target on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Loop Capital initiated coverage on shares of QUALCOMM in a research note on Monday, November 11th. They set a “hold” rating and a $180.00 price target on the stock. Wells Fargo & Company increased their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Susquehanna lowered their target price on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, November 20th. Finally, Citigroup reduced their price target on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.32.

QUALCOMM Price Performance

QCOM opened at $167.96 on Monday. The company has a 50 day moving average of $162.15 and a two-hundred day moving average of $165.66. QUALCOMM Incorporated has a 52-week low of $146.29 and a 52-week high of $230.63. The company has a quick ratio of 1.79, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The company has a market cap of $185.76 billion, a P/E ratio of 17.94, a P/E/G ratio of 2.80 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. On average, analysts expect that QUALCOMM Incorporated will post 9.19 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.02%. QUALCOMM’s payout ratio is currently 36.32%.

Insider Buying and Selling

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 2,587 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the transaction, the general counsel now owns 19,739 shares in the company, valued at $3,121,130.68. The trade was a 11.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares of the company’s stock, valued at $14,570. This represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,981 shares of company stock valued at $4,000,870. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Company Profile

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.