Bay Colony Advisory Group Inc d b a Bay Colony Advisors Buys 112 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,977 shares of the wireless technology company’s stock after acquiring an additional 112 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in QUALCOMM were worth $676,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. LVW Advisors LLC acquired a new position in QUALCOMM during the first quarter valued at approximately $370,000. Allspring Global Investments Holdings LLC increased its holdings in shares of QUALCOMM by 44.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 388,122 shares of the wireless technology company’s stock valued at $65,709,000 after purchasing an additional 120,088 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of QUALCOMM by 0.8% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,476,901 shares of the wireless technology company’s stock valued at $588,639,000 after purchasing an additional 26,187 shares during the last quarter. Monument Capital Management grew its stake in shares of QUALCOMM by 13.9% in the first quarter. Monument Capital Management now owns 3,261 shares of the wireless technology company’s stock valued at $552,000 after acquiring an additional 398 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in QUALCOMM during the first quarter worth about $222,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $172.22 on Tuesday. QUALCOMM Incorporated has a 1 year low of $106.18 and a 1 year high of $230.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78. The company’s 50-day moving average is $169.12 and its 200 day moving average is $182.13. The stock has a market capitalization of $191.85 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.71 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, sell-side analysts expect that QUALCOMM Incorporated will post 8.02 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 1.97%. QUALCOMM’s dividend payout ratio (DPR) is 44.04%.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of recent analyst reports. Citigroup cut their price target on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. Wells Fargo & Company upped their price target on shares of QUALCOMM from $140.00 to $170.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. Robert W. Baird increased their price objective on shares of QUALCOMM from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. DZ Bank raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Friday, August 2nd. Finally, StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.92.

Insider Activity at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred on 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 owns 51,437 shares in the company, valued at $8,535,970.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Alexander H. Rogers sold 3,245 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total value of $539,156.75. Following the completion of the sale, the insider now directly owns 32,231 shares of the company’s stock, valued at $5,355,180.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the completion of the sale, the chief financial officer now directly owns 51,437 shares of the company’s stock, valued at approximately $8,535,970.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,245 shares of company stock worth $3,679,407 over the last quarter. Company 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.