QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Consolidated Planning Corp

Consolidated Planning Corp boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,187 shares of the wireless technology company’s stock after purchasing an additional 596 shares during the quarter. Consolidated Planning Corp’s holdings in QUALCOMM were worth $950,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in QUALCOMM by 338.1% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 13,657 shares of the wireless technology company’s stock valued at $2,098,000 after purchasing an additional 10,540 shares during the last quarter. Naples Global Advisors LLC grew its holdings in QUALCOMM by 2.3% in the 4th quarter. Naples Global Advisors LLC now owns 36,768 shares of the wireless technology company’s stock valued at $5,648,000 after buying an additional 832 shares in the last quarter. Avion Wealth grew its holdings in QUALCOMM by 293.8% in the 4th quarter. Avion Wealth now owns 378 shares of the wireless technology company’s stock valued at $58,000 after buying an additional 282 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in QUALCOMM by 7.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 517,519 shares of the wireless technology company’s stock valued at $79,511,000 after buying an additional 34,490 shares in the last quarter. Finally, Jmac Enterprises LLC grew its holdings in QUALCOMM by 29.4% in the 4th quarter. Jmac Enterprises LLC now owns 3,244 shares of the wireless technology company’s stock valued at $498,000 after buying an additional 737 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on QCOM shares. Morgan Stanley dropped their target price on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. UBS Group upped their target price on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. dropped their target price on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Piper Sandler dropped their target price on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price target on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, QUALCOMM presently has an average rating of “Moderate Buy” and a consensus target price of $205.32.

Insider Activity

In related news, CAO Neil Martin sold 1,304 shares of the business’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 completion of the sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $161.54, for a total value of $484,620.00. Following the sale, the chief financial officer now owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,268 shares of company stock worth $7,785,781. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Performance

Shares of QCOM opened at $170.29 on Thursday. The stock has a 50-day simple moving average of $162.50 and a 200-day simple moving average of $165.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.79 and a current ratio of 2.62. The stock has a market capitalization of $188.34 billion, a PE ratio of 18.19, a PEG ratio of 2.80 and a beta of 1.25. QUALCOMM Incorporated has a 1 year low of $148.41 and a 1 year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) 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%. On average, analysts predict that QUALCOMM Incorporated will post 9.19 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is presently 36.32%.

QUALCOMM Company 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.