D.A. Davidson & CO. Boosts Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

D.A. Davidson & CO. lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 427,611 shares of the wireless technology company’s stock after buying an additional 7,532 shares during the quarter. D.A. Davidson & CO.’s holdings in QUALCOMM were worth $65,690,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of QCOM. First Citizens Bank & Trust Co. raised its holdings in shares of QUALCOMM by 2.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 4,528 shares of the wireless technology company’s stock valued at $770,000 after purchasing an additional 120 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of QUALCOMM by 24.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 483,029 shares of the wireless technology company’s stock valued at $82,139,000 after acquiring an additional 94,169 shares during the period. Narus Financial Partners LLC raised its stake in shares of QUALCOMM by 9.9% in the third quarter. Narus Financial Partners LLC now owns 4,051 shares of the wireless technology company’s stock worth $689,000 after purchasing an additional 365 shares during the last quarter. Gilliland Jeter Wealth Management LLC raised its position in QUALCOMM by 5.3% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,380 shares of the wireless technology company’s stock worth $235,000 after buying an additional 70 shares during the last quarter. Finally, Trilogy Capital Inc. lifted its position in QUALCOMM by 9.7% during the third quarter. Trilogy Capital Inc. now owns 19,179 shares of the wireless technology company’s stock valued at $3,261,000 after purchasing an additional 1,698 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares in the company, valued at $3,526,010.46. This represents a 48.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 94 shares of the company’s stock, valued at approximately $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,268 shares of company stock valued at $7,785,781. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on QCOM. Susquehanna decreased their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Wells Fargo & Company increased their price target on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Sanford C. Bernstein boosted their price objective on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Evercore ISI reduced their target price 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, Barclays dropped their price target on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and an average target price of $205.32.

QUALCOMM Trading Up 0.0 %

NASDAQ QCOM opened at $172.23 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.79. The stock has a market capitalization of $190.49 billion, a P/E ratio of 18.40, a PEG ratio of 2.80 and a beta of 1.25. The firm’s 50-day moving average is $163.13 and its two-hundred day moving average is $165.39. QUALCOMM Incorporated has a 12 month low of $148.90 and a 12 month high of $230.63.

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 return on equity of 39.51% and a net margin of 25.94%. On average, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.19 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 1.97%. QUALCOMM’s dividend payout ratio is presently 36.32%.

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.