Perfromance Wealth Partners LLC Boosts Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Perfromance Wealth Partners LLC raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,015 shares of the wireless technology company’s stock after acquiring an additional 155 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in QUALCOMM were worth $770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fort Washington Investment Advisors Inc. OH lifted its holdings in QUALCOMM by 7.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 463,018 shares of the wireless technology company’s stock valued at $71,129,000 after purchasing an additional 30,253 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in QUALCOMM by 3.0% during the fourth quarter. Atomi Financial Group Inc. now owns 4,839 shares of the wireless technology company’s stock valued at $743,000 after purchasing an additional 143 shares in the last quarter. LifePlan Financial LLC lifted its holdings in QUALCOMM by 14.6% during the fourth quarter. LifePlan Financial LLC now owns 2,810 shares of the wireless technology company’s stock valued at $432,000 after purchasing an additional 358 shares in the last quarter. Clear Harbor Asset Management LLC lifted its holdings in QUALCOMM by 28.3% during the fourth quarter. Clear Harbor Asset Management LLC now owns 14,347 shares of the wireless technology company’s stock valued at $2,204,000 after purchasing an additional 3,162 shares in the last quarter. Finally, First United Bank & Trust lifted its holdings in QUALCOMM by 52.6% during the fourth quarter. First United Bank & Trust now owns 1,785 shares of the wireless technology company’s stock valued at $274,000 after purchasing an additional 615 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on QCOM. Evercore ISI raised their price target on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Mizuho decreased their price target on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Loop Capital began coverage on shares of QUALCOMM in a research note on Monday, November 11th. They issued a “hold” rating and a $180.00 price target on the stock. Finally, UBS Group raised their price target on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.57.

QUALCOMM Trading Up 1.6 %

NASDAQ QCOM opened at $167.27 on Wednesday. The firm has a 50 day simple moving average of $158.78 and a 200-day simple moving average of $168.29. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. QUALCOMM Incorporated has a one year low of $139.26 and a one year high of $230.63. The firm has a market cap of $185.84 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.75 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.12 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid 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 yield of 2.03%. QUALCOMM’s dividend payout ratio is currently 37.82%.

Insider Buying and Selling

In other news, insider Alexander H. Rogers sold 10,373 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the sale, the insider now owns 33,383 shares in the company, valued at approximately $5,360,975.97. The trade was a 23.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the sale, the general counsel now owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,882 shares of company stock worth $4,314,649 over the last 90 days. 0.08% of the stock is owned by insiders.

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.