Weil Company Inc. Has $501,000 Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Weil Company Inc. increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 4.5% during the second quarter, Holdings Channel reports. The fund owned 2,515 shares of the wireless technology company’s stock after acquiring an additional 108 shares during the quarter. Weil Company Inc.’s holdings in QUALCOMM were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its stake in shares of QUALCOMM by 7.3% during the 4th quarter. Gilbert & Cook Inc. now owns 5,254 shares of the wireless technology company’s stock worth $760,000 after buying an additional 356 shares during the last quarter. Gryphon Financial Partners LLC acquired a new stake in QUALCOMM during the fourth quarter worth approximately $334,000. Smithfield Trust Co boosted its holdings in shares of QUALCOMM by 2.2% during the fourth quarter. Smithfield Trust Co now owns 3,623 shares of the wireless technology company’s stock worth $522,000 after acquiring an additional 79 shares during the period. Teacher Retirement System of Texas grew its position in shares of QUALCOMM by 31.7% in the fourth quarter. Teacher Retirement System of Texas now owns 309,223 shares of the wireless technology company’s stock valued at $44,723,000 after purchasing an additional 74,361 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of QUALCOMM by 2.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 93,139 shares of the wireless technology company’s stock worth $13,471,000 after purchasing an additional 1,962 shares during the period. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $205.61, for a total transaction of $616,830.00. Following the sale, the chief financial officer now directly owns 60,343 shares in the company, valued at $12,407,124.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $205.61, for a total transaction of $616,830.00. Following the sale, the chief financial officer now directly owns 60,343 shares of the company’s stock, valued at approximately $12,407,124.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $160.50, for a total transaction of $1,284,000.00. Following the completion of the transaction, the chief technology officer now owns 229,987 shares of the company’s stock, valued at $36,912,913.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,000 shares of company stock worth $3,496,590. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

QCOM has been the subject of several recent research reports. Bank of America boosted their price target on QUALCOMM from $180.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Rosenblatt Securities boosted their target price on shares of QUALCOMM from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Susquehanna raised their price target on shares of QUALCOMM from $205.00 to $250.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. Wells Fargo & Company lifted their price objective on shares of QUALCOMM from $140.00 to $170.00 and gave the stock an “underweight” rating in a research note on Thursday, August 1st. Finally, TD Cowen increased their target price on shares of QUALCOMM from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.63.

QUALCOMM Trading Down 3.4 %

QCOM opened at $158.19 on Friday. The company’s 50 day moving average is $179.95 and its 200-day moving average is $181.35. The company has a market cap of $176.22 billion, a P/E ratio of 21.26, a PEG ratio of 1.93 and a beta of 1.28. QUALCOMM Incorporated has a 1-year low of $104.33 and a 1-year high of $230.63. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.21. The firm had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.23 billion. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. Equities research analysts predict that QUALCOMM Incorporated will post 7.98 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.15%. QUALCOMM’s payout ratio is presently 45.70%.

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.