Commonwealth Equity Services LLC Buys 7,871 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Commonwealth Equity Services LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 597,158 shares of the wireless technology company’s stock after acquiring an additional 7,871 shares during the period. Commonwealth Equity Services LLC’s holdings in QUALCOMM were worth $91,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Aptus Capital Advisors LLC increased its stake in shares of QUALCOMM by 33.1% in the third quarter. Aptus Capital Advisors LLC now owns 18,849 shares of the wireless technology company’s stock worth $3,205,000 after purchasing an additional 4,690 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in QUALCOMM by 124.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 92,544 shares of the wireless technology company’s stock worth $15,737,000 after purchasing an additional 51,396 shares in the last quarter. Cable Hill Partners LLC boosted its stake in QUALCOMM by 46.0% in the 3rd quarter. Cable Hill Partners LLC now owns 5,575 shares of the wireless technology company’s stock worth $948,000 after purchasing an additional 1,756 shares during the period. Plato Investment Management Ltd grew its holdings in QUALCOMM by 7.1% during the 3rd quarter. Plato Investment Management Ltd now owns 36,998 shares of the wireless technology company’s stock valued at $6,285,000 after buying an additional 2,449 shares in the last quarter. Finally, Peak Asset Management LLC increased its position in shares of QUALCOMM by 24.9% during the third quarter. Peak Asset Management LLC now owns 6,491 shares of the wireless technology company’s stock valued at $1,104,000 after buying an additional 1,295 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity

In related news, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction on Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the sale, the chief accounting officer now owns 461 shares in the company, valued at $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total transaction of $509,400.00. Following the completion of the transaction, the chief financial officer now owns 63,115 shares of the company’s stock, valued at $10,716,927. This trade represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,555 shares of company stock valued at $5,094,134. Company insiders own 0.08% of the company’s stock.

QUALCOMM Trading Down 0.6 %

Shares of QCOM stock opened at $151.94 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The stock has a market capitalization of $168.05 billion, a PE ratio of 16.23, a P/E/G ratio of 2.01 and a beta of 1.28. The business has a 50-day moving average of $164.70 and a 200 day moving average of $164.61.

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

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.24%. QUALCOMM’s dividend payout ratio is currently 36.32%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Benchmark restated a “buy” rating and issued a $240.00 price objective on shares of QUALCOMM in a research report on Friday, February 7th. Barclays cut their price target on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Melius began coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price target on the stock. Evercore ISI dropped their price objective on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. Finally, Melius Research assumed coverage on QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 target price for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $205.32.

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.