One Wealth Advisors LLC Raises Position in QUALCOMM Incorporated (NASDAQ:QCOM)

One Wealth Advisors LLC boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,517 shares of the wireless technology company’s stock after buying an additional 114 shares during the quarter. One Wealth Advisors LLC’s holdings in QUALCOMM were worth $938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Congress Asset Management Co. MA purchased a new position in QUALCOMM in the 4th quarter worth approximately $222,000. Signal Advisors Wealth LLC purchased a new position in QUALCOMM in the 1st quarter worth approximately $612,000. Legacy Private Trust Co. lifted its stake in QUALCOMM by 12.1% in the 1st quarter. Legacy Private Trust Co. now owns 3,084 shares of the wireless technology company’s stock worth $522,000 after purchasing an additional 332 shares in the last quarter. St. Louis Financial Planners Asset Management LLC purchased a new position in QUALCOMM in the 1st quarter worth approximately $1,884,000. Finally, Wedmont Private Capital lifted its stake in QUALCOMM by 7.4% in the 1st quarter. Wedmont Private Capital now owns 9,106 shares of the wireless technology company’s stock worth $1,599,000 after purchasing an additional 631 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. HSBC downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price target for the company. in a report on Wednesday, July 17th. JPMorgan Chase & Co. cut their price target on shares of QUALCOMM from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, September 17th. Finally, Cantor Fitzgerald cut their price target on shares of QUALCOMM from $215.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $208.75.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 3,245 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total value of $539,156.75. Following the completion of the transaction, the insider now owns 32,231 shares in the company, valued at $5,355,180.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Alexander H. Rogers sold 3,245 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total transaction of $539,156.75. Following the completion of the sale, the insider now owns 32,231 shares in the company, valued at approximately $5,355,180.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO James H. Thompson sold 8,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $160.50, for a total transaction of $1,284,000.00. Following the sale, the chief technology officer now owns 229,987 shares of the company’s stock, valued at $36,912,913.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,245 shares of company stock worth $3,679,407 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 0.8 %

Shares of QUALCOMM stock traded up $1.31 during trading on Thursday, hitting $172.79. 1,259,066 shares of the stock were exchanged, compared to its average volume of 9,036,273. The stock has a market cap of $192.83 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 1.71 and a beta of 1.28. The firm’s 50-day moving average price is $168.86 and its 200 day moving average price is $182.20. QUALCOMM Incorporated has a 12-month low of $104.33 and a 12-month high of $230.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.21. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. The business had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.23 billion. As a group, analysts forecast that QUALCOMM Incorporated will post 8.02 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 annualized dividend and a yield of 1.97%. QUALCOMM’s dividend payout ratio is presently 45.70%.

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.