Personal CFO Solutions LLC Raises Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Personal CFO Solutions LLC lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 38.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,570 shares of the wireless technology company’s stock after acquiring an additional 2,648 shares during the quarter. Personal CFO Solutions LLC’s holdings in QUALCOMM were worth $1,470,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Atlantic Union Bankshares Corp increased its position in shares of QUALCOMM by 0.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 95,051 shares of the wireless technology company’s stock worth $14,602,000 after acquiring an additional 875 shares during the period. Amundi increased its position in shares of QUALCOMM by 36.6% during the fourth quarter. Amundi now owns 14,579,529 shares of the wireless technology company’s stock worth $2,313,634,000 after acquiring an additional 3,905,918 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in shares of QUALCOMM by 5.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 127,564 shares of the wireless technology company’s stock worth $19,596,000 after acquiring an additional 6,489 shares during the period. Naviter Wealth LLC increased its position in shares of QUALCOMM by 21.8% during the fourth quarter. Naviter Wealth LLC now owns 13,019 shares of the wireless technology company’s stock worth $2,000,000 after acquiring an additional 2,328 shares during the period. Finally, Capital Management Corp VA increased its position in shares of QUALCOMM by 27.2% during the fourth quarter. Capital Management Corp VA now owns 109,953 shares of the wireless technology company’s stock worth $16,891,000 after acquiring an additional 23,514 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on QCOM. Evercore ISI reduced their target price on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. Cantor Fitzgerald reissued a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. Melius assumed coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective on the stock. Melius Research assumed coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective on the stock. Finally, Loop Capital assumed coverage on shares of QUALCOMM in a report on Monday, November 11th. They set a “hold” rating and a $180.00 price objective on the stock. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and two have issued 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 price target of $205.32.

Insider Activity at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,337 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $156.82, for a total transaction of $523,308.34. Following the completion of the transaction, the chief financial officer now directly owns 59,778 shares in the company, valued at $9,374,385.96. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Neil Martin sold 744 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the transaction, the chief accounting officer now owns 461 shares of the company’s stock, valued at $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,045 shares of company stock worth $7,752,423 over the last three months. Company insiders own 0.08% of the company’s stock.

QUALCOMM Trading Up 3.3 %

NASDAQ:QCOM opened at $161.22 on Friday. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63. The firm has a fifty day simple moving average of $164.76 and a 200-day simple moving average of $165.09. 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 company has a market capitalization of $178.31 billion, a P/E ratio of 17.22, a PEG ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last posted 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, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.11%. 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.