Bordeaux Wealth Advisors LLC Takes Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Bordeaux Wealth Advisors LLC purchased a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the fourth quarter, Holdings Channel reports. The firm purchased 1,908 shares of the wireless technology company’s stock, valued at approximately $276,000.

Several other institutional investors also recently added to or reduced their stakes in QCOM. Loudon Investment Management LLC increased its stake in QUALCOMM by 0.9% in the fourth quarter. Loudon Investment Management LLC now owns 41,767 shares of the wireless technology company’s stock valued at $6,041,000 after purchasing an additional 382 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of QUALCOMM by 535.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 235,703 shares of the wireless technology company’s stock worth $34,090,000 after buying an additional 198,627 shares during the last quarter. Summit Global Investments increased its position in QUALCOMM by 5.2% in the 4th quarter. Summit Global Investments now owns 28,492 shares of the wireless technology company’s stock valued at $4,121,000 after acquiring an additional 1,397 shares during the period. Los Angeles Capital Management LLC raised its stake in QUALCOMM by 899.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 475,064 shares of the wireless technology company’s stock valued at $68,709,000 after acquiring an additional 427,516 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its position in QUALCOMM by 8.8% during the 4th quarter. Natixis Advisors L.P. now owns 790,750 shares of the wireless technology company’s stock worth $114,365,000 after acquiring an additional 63,815 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the subject of several analyst reports. Cantor Fitzgerald restated a “neutral” rating and set a $190.00 price target on shares of QUALCOMM in a research note on Thursday. Wolfe Research upped their price objective on shares of QUALCOMM from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday. Evercore ISI began coverage on shares of QUALCOMM in a report on Tuesday, April 16th. They issued an “in-line” rating and a $177.00 target price on the stock. Piper Sandler increased their price target on shares of QUALCOMM from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, KeyCorp raised their price objective on shares of QUALCOMM from $180.00 to $205.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus target price of $179.36.

QUALCOMM Price Performance

QUALCOMM stock traded down $0.46 during trading hours on Friday, hitting $179.64. The stock had a trading volume of 10,041,403 shares, compared to its average volume of 8,755,839. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $183.19. The stock has a market capitalization of $200.48 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.25 and a beta of 1.33. The stock’s fifty day moving average is $167.20 and its two-hundred day moving average is $146.11. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.56 and a quick ratio of 1.88.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.90 by $0.43. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. QUALCOMM had a net margin of 23.03% and a return on equity of 38.24%. As a group, analysts predict that QUALCOMM Incorporated will post 7.64 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be given a $0.85 dividend. The ex-dividend date is Thursday, May 30th. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a dividend yield of 1.89%. QUALCOMM’s dividend payout ratio is currently 49.28%.

Insider Transactions at QUALCOMM

In related news, CAO Neil Martin sold 371 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total value of $55,586.93. Following the sale, the chief accounting officer now owns 689 shares of the company’s stock, valued at approximately $103,232.87. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Neil Martin sold 371 shares of QUALCOMM stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the sale, the chief accounting officer now owns 689 shares in the company, valued at approximately $103,232.87. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $159.50, for a total transaction of $1,291,950.00. Following the completion of the transaction, the chief executive officer now directly owns 24,300 shares of the company’s stock, valued at approximately $3,875,850. The disclosure for this sale can be found here. Insiders sold a total of 44,260 shares of company stock valued at $7,429,728 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM 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.