Petix & Botte Co decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,750 shares of the wireless technology company’s stock after selling 294 shares during the quarter. QUALCOMM makes up 0.7% of Petix & Botte Co’s investment portfolio, making the stock its 26th largest position. Petix & Botte Co’s holdings in QUALCOMM were worth $2,278,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in QCOM. DiNuzzo Private Wealth Inc. bought a new stake in QUALCOMM in the fourth quarter worth approximately $32,000. Financial Gravity Asset Management Inc. raised its holdings in QUALCOMM by 102.5% during the third quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 122 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of QUALCOMM in the fourth quarter worth about $35,000. Cranbrook Wealth Management LLC boosted its stake in shares of QUALCOMM by 68.0% during the 4th quarter. Cranbrook Wealth Management LLC now owns 247 shares of the wireless technology company’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Finally, Avalon Trust Co increased its holdings in shares of QUALCOMM by 520.0% during the 4th quarter. Avalon Trust Co now owns 341 shares of the wireless technology company’s stock valued at $49,000 after acquiring an additional 286 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.
Insider Transactions at QUALCOMM
In other QUALCOMM news, Director Sylvia Acevedo sold 2,056 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.21, for a total value of $366,399.76. Following the transaction, the director now directly owns 54 shares in the company, valued at $9,623.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Sylvia Acevedo sold 2,056 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $178.21, for a total transaction of $366,399.76. Following the completion of the sale, the director now directly owns 54 shares of the company’s stock, valued at approximately $9,623.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Neil Martin sold 371 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 689 shares in the company, valued at approximately $103,232.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,316 shares of company stock valued at $7,796,128. 0.08% of the stock is owned by insiders.
Analysts Set New Price Targets
Read Our Latest Stock Report on QUALCOMM
QUALCOMM Price Performance
QCOM stock traded up $2.21 during trading on Monday, hitting $181.85. The company had a trading volume of 6,976,661 shares, compared to its average volume of 8,731,813. The company has a fifty day moving average price of $168.19 and a two-hundred day moving average price of $147.58. QUALCOMM Incorporated has a fifty-two week low of $101.47 and a fifty-two week high of $183.19. The company has a market cap of $202.94 billion, a P/E ratio of 24.44, a P/E/G ratio of 2.27 and a beta of 1.33. The company has a current ratio of 2.65, a quick ratio of 1.98 and a debt-to-equity ratio of 0.59.
QUALCOMM Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, May 30th. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. QUALCOMM’s payout ratio is currently 43.01%.
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.
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