FourThought Financial Partners LLC Grows Position in QUALCOMM Incorporated (NASDAQ:QCOM)

FourThought Financial Partners LLC boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,749 shares of the wireless technology company’s stock after purchasing an additional 515 shares during the quarter. FourThought Financial Partners LLC’s holdings in QUALCOMM were worth $7,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of QCOM. GHP Investment Advisors Inc. lifted its position in QUALCOMM by 15.3% during the third quarter. GHP Investment Advisors Inc. now owns 769 shares of the wireless technology company’s stock valued at $131,000 after buying an additional 102 shares during the period. Modera Wealth Management LLC grew its stake in shares of QUALCOMM by 1.0% during the 3rd quarter. Modera Wealth Management LLC now owns 17,679 shares of the wireless technology company’s stock valued at $3,006,000 after purchasing an additional 173 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of QUALCOMM by 14.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 14,262 shares of the wireless technology company’s stock valued at $2,425,000 after purchasing an additional 1,781 shares during the period. FCG Investment Co bought a new position in shares of QUALCOMM during the 3rd quarter valued at approximately $1,799,000. Finally, Gemmer Asset Management LLC grew its stake in shares of QUALCOMM by 193.7% during the 3rd quarter. Gemmer Asset Management LLC now owns 11,840 shares of the wireless technology company’s stock valued at $2,013,000 after acquiring an additional 7,809 shares during the period. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Price Performance

Shares of QUALCOMM stock opened at $161.10 on Tuesday. QUALCOMM Incorporated has a twelve month low of $149.43 and a twelve month high of $230.63. The stock has a market capitalization of $178.18 billion, a P/E ratio of 17.21, a PEG ratio of 2.01 and a beta of 1.25. 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 business’s fifty day moving average price is $164.52 and its 200 day moving average price is $165.81.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.11%. QUALCOMM’s payout ratio is presently 36.32%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Mizuho lowered their price target on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Sanford C. Bernstein increased their price target on QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Susquehanna decreased their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company increased their price target on QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.32.

Insiders Place Their Bets

In other QUALCOMM news, insider Alexander H. Rogers sold 10,373 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the sale, the insider now owns 33,383 shares of the company’s stock, valued at $5,360,975.97. The trade was a 23.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Neil Martin sold 744 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the sale, 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. In the last three months, insiders have sold 46,708 shares of company stock worth $7,713,734. 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.