QUALCOMM Incorporated (NASDAQ:QCOM) Stock Holdings Raised by Arkadios Wealth Advisors

Arkadios Wealth Advisors raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM – Get Rating) by 6.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,685 shares of the wireless technology company’s stock after acquiring an additional 521 shares during the period. Arkadios Wealth Advisors’ holdings in QUALCOMM were worth $955,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mission Wealth Management LP boosted its holdings in shares of QUALCOMM by 4.8% in the 3rd quarter. Mission Wealth Management LP now owns 14,528 shares of the wireless technology company’s stock valued at $1,641,000 after buying an additional 671 shares during the period. ARGI Investment Services LLC boosted its holdings in shares of QUALCOMM by 3.5% in the 3rd quarter. ARGI Investment Services LLC now owns 3,595 shares of the wireless technology company’s stock valued at $406,000 after buying an additional 122 shares during the period. Desjardins Global Asset Management Inc. boosted its holdings in shares of QUALCOMM by 2.5% in the 3rd quarter. Desjardins Global Asset Management Inc. now owns 10,899 shares of the wireless technology company’s stock valued at $1,231,000 after buying an additional 266 shares during the period. IFG Advisory LLC boosted its holdings in shares of QUALCOMM by 2.9% in the 3rd quarter. IFG Advisory LLC now owns 7,363 shares of the wireless technology company’s stock valued at $831,000 after buying an additional 208 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of QUALCOMM by 8.3% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 23,802 shares of the wireless technology company’s stock valued at $2,689,000 after buying an additional 1,830 shares during the period. Institutional investors own 70.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on QCOM. Cowen decreased their price target on shares of QUALCOMM from $165.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. KeyCorp boosted their target price on shares of QUALCOMM from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Susquehanna raised shares of QUALCOMM from a “neutral” rating to a “positive” rating and boosted their target price for the company from $130.00 to $140.00 in a research note on Thursday. Evercore ISI set a $120.00 target price on shares of QUALCOMM in a research note on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of QUALCOMM from $185.00 to $160.00 and set an “overweight” rating for the company in a research note on Tuesday, December 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.48.

QUALCOMM Stock Up 0.2 %

NASDAQ QCOM opened at $120.73 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.09 and a quick ratio of 1.41. The company’s 50 day simple moving average is $125.43 and its 200 day simple moving average is $121.05. QUALCOMM Incorporated has a 12 month low of $101.93 and a 12 month high of $161.30. The company has a market capitalization of $134.61 billion, a P/E ratio of 11.63, a PEG ratio of 0.94 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM – Get Rating) last released its earnings results on Thursday, February 2nd. The wireless technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.02. QUALCOMM had a net margin of 27.40% and a return on equity of 69.93%. The business had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the firm earned $2.96 EPS. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. Equities research analysts expect that QUALCOMM Incorporated will post 8.21 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 2nd will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, March 1st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.48%. QUALCOMM’s dividend payout ratio is currently 28.90%.

Insider Activity

In other news, Director Jeffrey William Henderson sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $124.05, for a total transaction of $310,125.00. Following the sale, the director now owns 4,605 shares in the company, valued at $571,250.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Jeffrey William Henderson sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $124.05, for a total transaction of $310,125.00. Following the sale, the director now owns 4,605 shares in the company, valued at $571,250.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alexander H. Rogers sold 27,626 shares of the business’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $131.48, for a total transaction of $3,632,266.48. Following the sale, the insider now owns 23,637 shares in the company, valued at approximately $3,107,792.76. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.

QUALCOMM Profile

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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.