QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by LifePlan Financial LLC

LifePlan Financial LLC increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 14.6% in the 4th quarter, HoldingsChannel reports. The firm owned 2,810 shares of the wireless technology company’s stock after buying an additional 358 shares during the quarter. LifePlan Financial LLC’s holdings in QUALCOMM were worth $432,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Clear Harbor Asset Management LLC lifted its position in shares of QUALCOMM by 28.3% in 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 acquiring an additional 3,162 shares in the last quarter. First United Bank & Trust lifted its holdings in QUALCOMM by 52.6% in the 4th 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. Crossmark Global Holdings Inc. boosted its stake in shares of QUALCOMM by 8.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 375,618 shares of the wireless technology company’s stock worth $57,703,000 after purchasing an additional 30,374 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of QUALCOMM by 4.5% during the 4th quarter. Ballentine Partners LLC now owns 26,822 shares of the wireless technology company’s stock worth $4,120,000 after purchasing an additional 1,160 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. grew its holdings in shares of QUALCOMM by 6.9% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 3,256 shares of the wireless technology company’s stock worth $500,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the sale, the insider now owns 33,383 shares in the company, valued at approximately $5,360,975.97. This trade represents a 23.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,882 shares of company stock worth $4,314,649. 0.08% of the stock is currently owned by insiders.

QUALCOMM Stock Up 1.9 %

QCOM stock opened at $164.56 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. 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 market capitalization of $182.83 billion, a P/E ratio of 18.30, a PEG ratio of 2.75 and a beta of 1.25. QUALCOMM Incorporated has a twelve month low of $139.26 and a twelve month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping 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 company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. On average, equities research analysts predict that QUALCOMM Incorporated will post 9.12 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. QUALCOMM’s payout ratio is 37.82%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on QCOM. KeyCorp lowered shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Loop Capital began coverage on QUALCOMM in a research report on Monday, November 11th. They issued a “hold” rating and a $180.00 price objective for the company. Benchmark reiterated a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research report on Thursday, November 7th. Mizuho lowered their price target on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $206.57.

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.