QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Raised by Independent Solutions Wealth Management LLC

by · The Cerbat Gem

Independent Solutions Wealth Management LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 5.5% during the fourth quarter, HoldingsChannel reports. The firm owned 14,064 shares of the wireless technology company’s stock after acquiring an additional 737 shares during the period. Independent Solutions Wealth Management LLC’s holdings in QUALCOMM were worth $2,161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Antonelli Financial Advisors LLC purchased a new stake in shares of QUALCOMM in the 4th quarter valued at approximately $251,000. Whittier Trust Co. of Nevada Inc. increased its stake in QUALCOMM by 8.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 21,973 shares of the wireless technology company’s stock valued at $3,375,000 after buying an additional 1,701 shares during the period. OLD Point Trust & Financial Services N A lifted its position in QUALCOMM by 10.3% in the 4th quarter. OLD Point Trust & Financial Services N A now owns 2,136 shares of the wireless technology company’s stock worth $328,000 after buying an additional 200 shares in the last quarter. Symmetry Partners LLC acquired a new stake in shares of QUALCOMM during the 4th quarter valued at $253,000. Finally, iA Global Asset Management Inc. grew its holdings in shares of QUALCOMM by 2.7% during the 4th quarter. iA Global Asset Management Inc. now owns 174,672 shares of the wireless technology company’s stock valued at $26,833,000 after acquiring an additional 4,659 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Trading Down 0.2 %

Shares of QUALCOMM stock opened at $157.95 on Friday. The company’s fifty day moving average price is $164.52 and its two-hundred day moving average price is $164.10. The firm has a market capitalization of $174.69 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 52-week low of $149.43 and a 52-week high of $230.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99.

QUALCOMM (NASDAQ:QCOM – Get Free Report) last posted 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 return on equity of 39.51% and a net margin of 25.94%. On average, analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid 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 yield of 2.15%. QUALCOMM’s dividend payout ratio is currently 36.32%.

Analyst Ratings Changes

A number of research firms recently issued reports on QCOM. Evercore ISI reduced their price objective on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. Melius began coverage on QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 price target for the company. Mizuho dropped their price objective on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Piper Sandler reduced their target price on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Benchmark reaffirmed a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.32.

View Our Latest Report on QUALCOMM

Insider Buying and Selling at QUALCOMM

In related news, CAO Neil Martin sold 744 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the sale, the chief accounting officer now owns 461 shares in the company, valued at $80,596.63. This trade represents a 61.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the completion of the transaction, the insider now owns 24,393 shares in the company, valued at approximately $3,762,376.32. This trade represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,968 shares of company stock valued at $4,685,077. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Company Profile

(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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