PFG Investments LLC Acquires 1,705 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

PFG Investments LLC raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 9.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,739 shares of the wireless technology company’s stock after purchasing an additional 1,705 shares during the quarter. PFG Investments LLC’s holdings in QUALCOMM were worth $3,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. OneAscent Financial Services LLC boosted its position in QUALCOMM by 125.9% in the first quarter. OneAscent Financial Services LLC now owns 5,019 shares of the wireless technology company’s stock valued at $850,000 after buying an additional 2,797 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in QUALCOMM by 25.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,072 shares of the wireless technology company’s stock worth $2,044,000 after acquiring an additional 2,457 shares during the last quarter. Vicus Capital increased its holdings in QUALCOMM by 9.9% during the 1st quarter. Vicus Capital now owns 1,605 shares of the wireless technology company’s stock valued at $272,000 after purchasing an additional 144 shares in the last quarter. Brown Miller Wealth Management LLC boosted its stake in QUALCOMM by 1.7% in the first quarter. Brown Miller Wealth Management LLC now owns 19,809 shares of the wireless technology company’s stock worth $3,353,000 after purchasing an additional 336 shares in the last quarter. Finally, Fox Hill Wealth Management increased its stake in shares of QUALCOMM by 6.4% in the first quarter. Fox Hill Wealth Management now owns 1,675 shares of the wireless technology company’s stock valued at $284,000 after buying an additional 101 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total value of $497,850.00. Following the completion of the transaction, the chief financial officer now directly owns 51,437 shares in the company, valued at $8,535,970.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total transaction of $497,850.00. Following the transaction, the chief financial officer now directly owns 51,437 shares in the company, valued at $8,535,970.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $160.50, for a total value of $1,284,000.00. Following the transaction, the chief technology officer now owns 229,987 shares of the company’s stock, valued at $36,912,913.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,245 shares of company stock worth $3,679,407. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on QCOM. Robert W. Baird increased their price objective on shares of QUALCOMM from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. DZ Bank raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Rosenblatt Securities lifted their price objective on QUALCOMM from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, HSBC downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and an average target price of $207.92.

QUALCOMM Stock Up 1.3 %

QCOM traded up $2.17 during trading on Friday, reaching $170.27. The company had a trading volume of 5,496,607 shares, compared to its average volume of 8,996,961. The business’s fifty day moving average price is $169.16 and its 200 day moving average price is $182.03. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78. QUALCOMM Incorporated has a 12 month low of $104.33 and a 12 month high of $230.63. The company has a market cap of $189.68 billion, a P/E ratio of 22.06, a PEG ratio of 1.74 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.72 by $0.21. The business had revenue of $9.39 billion for the quarter, compared to analysts’ expectations of $9.23 billion. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. Equities analysts anticipate that QUALCOMM Incorporated will post 8.02 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.00%. QUALCOMM’s dividend payout ratio (DPR) is presently 44.04%.

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.