QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Gradient Capital Advisors LLC

Gradient Capital Advisors LLC increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,076 shares of the wireless technology company’s stock after buying an additional 773 shares during the period. Gradient Capital Advisors LLC’s holdings in QUALCOMM were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CoreFirst Bank & Trust increased its stake in shares of QUALCOMM by 103.1% in the 2nd quarter. CoreFirst Bank & Trust now owns 197 shares of the wireless technology company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. IAG Wealth Partners LLC increased its stake in shares of QUALCOMM by 62.3% in the 3rd quarter. IAG Wealth Partners LLC now owns 224 shares of the wireless technology company’s stock worth $25,000 after acquiring an additional 86 shares during the last quarter. Schubert & Co increased its stake in shares of QUALCOMM by 136.0% in the 2nd quarter. Schubert & Co now owns 203 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 117 shares during the last quarter. AdvisorShares Investments LLC acquired a new stake in shares of QUALCOMM in the 2nd quarter worth $27,000. Finally, Syverson Strege & Co increased its stake in shares of QUALCOMM by 124.3% in the 2nd quarter. Syverson Strege & Co now owns 240 shares of the wireless technology company’s stock worth $31,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 70.87% of the company’s stock.

Insider Buying and Selling

In related news, insider Alexander H. Rogers sold 26,427 shares of the business’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $122.33, for a total transaction of $3,232,814.91. Following the completion of the sale, the insider now owns 51,179 shares in the company, valued at $6,260,727.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other QUALCOMM news, insider Alexander H. Rogers sold 26,427 shares of the business’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $122.33, for a total value of $3,232,814.91. Following the completion of the sale, the insider now owns 51,179 shares in the company, valued at $6,260,727.07. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Erin L. Polek sold 2,894 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $121.10, for a total value of $350,463.40. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of recent analyst reports. Piper Sandler cut their price objective on QUALCOMM from $185.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, November 3rd. Canaccord Genuity Group cut their price objective on QUALCOMM from $225.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. HSBC initiated coverage on QUALCOMM in a research report on Monday, October 24th. They set a “buy” rating and a $180.00 price objective for the company. Cowen cut their price objective on QUALCOMM from $185.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Finally, Rosenblatt Securities cut their price objective on QUALCOMM from $220.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.46.

QUALCOMM Stock Down 1.0 %

QCOM stock traded down $1.32 during trading on Wednesday, hitting $129.38. 408,820 shares of the company’s stock were exchanged, compared to its average volume of 8,229,695. The business has a 50-day moving average price of $118.39 and a two-hundred day moving average price of $126.00. The stock has a market capitalization of $144.54 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 0.95 and a beta of 1.23. QUALCOMM Incorporated has a 52-week low of $101.93 and a 52-week high of $192.10. The company has a current ratio of 1.75, a quick ratio of 1.21 and a debt-to-equity ratio of 0.75.

QUALCOMM (NASDAQ:QCOMGet Rating) last posted its earnings results on Wednesday, November 2nd. The wireless technology company reported $2.74 earnings per share for the quarter, hitting the consensus estimate of $2.74. The firm had revenue of $11.40 billion during the quarter, compared to analysts’ expectations of $11.38 billion. QUALCOMM had a return on equity of 86.71% and a net margin of 29.27%. As a group, equities research analysts expect that QUALCOMM Incorporated will post 8.81 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Thursday, March 2nd will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, March 1st. QUALCOMM’s payout ratio is 26.36%.

QUALCOMM Company Profile

(Get Rating)

QUALCOMM, Inc engages in the development, design, and provision of digital telecommunications products and services. It operates through the following 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 technologies for the use in voice and data communications, networking, application processing, multimedia, and global positioning system products.

See Also

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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