Ferguson Wellman Capital Management Inc. Acquires 71 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Ferguson Wellman Capital Management Inc. raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,175 shares of the wireless technology company’s stock after buying an additional 71 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in QUALCOMM were worth $949,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of QCOM. Martin Capital Advisors LLP increased its holdings in QUALCOMM by 2.8% in the 3rd quarter. Martin Capital Advisors LLP now owns 3,621 shares of the wireless technology company’s stock valued at $616,000 after buying an additional 99 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of QUALCOMM by 12.4% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,098 shares of the wireless technology company’s stock valued at $1,377,000 after purchasing an additional 895 shares in the last quarter. Procyon Advisors LLC boosted its stake in shares of QUALCOMM by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 37,152 shares of the wireless technology company’s stock valued at $6,318,000 after purchasing an additional 1,160 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of QUALCOMM in the 3rd quarter valued at $741,000. Finally, Empirical Asset Management LLC boosted its stake in shares of QUALCOMM by 0.8% in the 3rd quarter. Empirical Asset Management LLC now owns 14,515 shares of the wireless technology company’s stock valued at $2,468,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 2,587 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the completion of the transaction, the general counsel now owns 19,739 shares of the company’s stock, valued at $3,121,130.68. This represents a 11.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alexander H. Rogers sold 19,287 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the transaction, the insider now directly owns 20,762 shares of the company’s stock, valued at approximately $3,526,010.46. This trade represents a 48.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 44,268 shares of company stock valued at $7,276,381. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $171.36 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.79. The stock has a market cap of $189.52 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25. The stock has a 50-day moving average of $162.15 and a 200-day moving average of $165.55. QUALCOMM Incorporated has a one year low of $148.41 and a one year high of $230.63.

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

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 1.98%. QUALCOMM’s payout ratio is 36.32%.

Analysts Set New Price Targets

Several brokerages have recently commented on QCOM. Susquehanna reduced their target price on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. Benchmark restated a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a research note on Friday. Citigroup reduced their target price on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 16th. Melius assumed coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price target on the stock. Finally, UBS Group upped their price target on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.32.

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.