TCI Wealth Advisors Inc. Has $942,000 Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

TCI Wealth Advisors Inc. reduced its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,130 shares of the wireless technology company’s stock after selling 194 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in QUALCOMM were worth $942,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of QCOM. Susquehanna Fundamental Investments LLC bought a new stake in shares of QUALCOMM in the 2nd quarter valued at about $896,000. Algert Global LLC bought a new stake in QUALCOMM in the second quarter valued at approximately $366,000. Clearbridge Investments LLC increased its position in QUALCOMM by 0.5% during the 2nd quarter. Clearbridge Investments LLC now owns 221,308 shares of the wireless technology company’s stock valued at $44,080,000 after purchasing an additional 1,036 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in QUALCOMM during the 2nd quarter worth approximately $109,000. Finally, Creekside Partners acquired a new position in shares of QUALCOMM in the 2nd quarter worth approximately $320,000. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 2,587 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the transaction, the general counsel now directly owns 19,739 shares in the company, valued at $3,121,130.68. The trade was a 11.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares of the company’s stock, valued at approximately $14,570. The trade was a 93.28 % 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 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Morgan Stanley decreased their price objective on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Evercore ISI lifted their price objective on QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. UBS Group boosted 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. Mizuho decreased their target price on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Melius Research assumed coverage on QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 price target on the stock. One 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.57.

QUALCOMM Price Performance

QCOM opened at $171.93 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The firm’s fifty day moving average price is $160.44 and its two-hundred day moving average price is $166.92. QUALCOMM Incorporated has a 1 year low of $139.26 and a 1 year high of $230.63. The company has a market capitalization of $191.01 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 2.85 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 firm had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. As a group, analysts anticipate that QUALCOMM Incorporated will post 9.16 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed 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 is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 1.98%. QUALCOMM’s dividend payout ratio is currently 37.82%.

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.