Valued Wealth Advisors LLC Grows Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Valued Wealth Advisors LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 33.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 374 shares of the wireless technology company’s stock after buying an additional 93 shares during the period. Valued Wealth Advisors LLC’s holdings in QUALCOMM were worth $57,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of QCOM. Susquehanna Fundamental Investments LLC acquired a new stake in QUALCOMM in the 2nd quarter worth approximately $896,000. Kathmere Capital Management LLC purchased a new stake in shares of QUALCOMM during the second quarter valued at $295,000. Ascent Group LLC increased its position in shares of QUALCOMM by 13.4% in the 2nd quarter. Ascent Group LLC now owns 2,829 shares of the wireless technology company’s stock valued at $564,000 after acquiring an additional 335 shares during the period. Full Sail Capital LLC raised its stake in QUALCOMM by 24.1% in the 2nd quarter. Full Sail Capital LLC now owns 1,731 shares of the wireless technology company’s stock worth $345,000 after acquiring an additional 336 shares during the last quarter. Finally, Aviso Wealth Management lifted its position in QUALCOMM by 844.7% during the 2nd quarter. Aviso Wealth Management now owns 1,247 shares of the wireless technology company’s stock worth $248,000 after acquiring an additional 1,115 shares during the period. Institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on QCOM shares. Melius started coverage on QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. Loop Capital initiated coverage on shares of QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 price target for the company. Benchmark reaffirmed a “buy” rating and issued a $240.00 price objective on shares of QUALCOMM in a report on Thursday, November 7th. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, UBS Group upped their price target on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $206.57.

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares of the company’s stock, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the transaction, the general counsel now directly owns 12,007 shares in the company, valued at approximately $1,981,875.42. This trade represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,882 shares of company stock valued at $4,314,649 in the last three months. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

NASDAQ:QCOM opened at $172.11 on Monday. The firm has a market cap of $191.21 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 2.84 and a beta of 1.25. The stock has a 50 day moving average of $159.49 and a two-hundred day moving average of $167.27. QUALCOMM Incorporated has a 12 month low of $139.26 and a 12 month high of $230.63. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. On average, analysts expect that QUALCOMM Incorporated will post 9.14 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.98%. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

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.