Crestwood Advisors Group LLC Increases Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Crestwood Advisors Group LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 296,323 shares of the wireless technology company’s stock after acquiring an additional 1,309 shares during the quarter. Crestwood Advisors Group LLC’s holdings in QUALCOMM were worth $45,521,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in shares of QUALCOMM by 54.1% during the fourth quarter. IFP Advisors Inc now owns 20,885 shares of the wireless technology company’s stock worth $3,209,000 after purchasing an additional 7,332 shares in the last quarter. Waverton Investment Management Ltd increased its stake in QUALCOMM by 6.4% during the 4th quarter. Waverton Investment Management Ltd now owns 1,538,809 shares of the wireless technology company’s stock worth $236,430,000 after buying an additional 92,276 shares in the last quarter. B&D White Capital Company LLC acquired a new position in shares of QUALCOMM during the fourth quarter valued at approximately $522,000. Birchcreek Wealth Management LLC lifted its position in shares of QUALCOMM by 5.8% in the fourth quarter. Birchcreek Wealth Management LLC now owns 3,828 shares of the wireless technology company’s stock valued at $588,000 after acquiring an additional 211 shares in the last quarter. Finally, World Equity Group Inc. acquired a new stake in shares of QUALCOMM in the fourth quarter worth approximately $356,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Price Performance

QCOM stock opened at $165.43 on Monday. The business’s fifty day moving average price is $164.46 and its 200 day moving average price is $165.84. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $182.97 billion, a PE ratio of 17.67, a P/E/G ratio of 2.01 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.06%. QUALCOMM’s dividend payout ratio is presently 36.32%.

Analyst Ratings Changes

Several research firms recently commented on QCOM. UBS Group increased their price objective on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Barclays reduced their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Melius started coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price target on the stock. Piper Sandler cut their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Benchmark restated a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.32.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the sale, the chief financial officer now owns 48,778 shares of the company’s stock, valued at $7,879,598.12. This trade represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Neil Martin sold 744 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the transaction, the chief accounting officer now owns 461 shares of the company’s stock, valued at $80,596.63. This trade represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,708 shares of company stock worth $7,713,734 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

About QUALCOMM

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.