Vanguard Capital Wealth Advisors Has $474,000 Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Vanguard Capital Wealth Advisors decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 51.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,788 shares of the wireless technology company’s stock after selling 2,920 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in QUALCOMM were worth $474,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Fidelis Capital Partners LLC increased its position in QUALCOMM by 6.3% during the 3rd quarter. Fidelis Capital Partners LLC now owns 20,201 shares of the wireless technology company’s stock worth $3,365,000 after buying an additional 1,196 shares during the period. Strategic Blueprint LLC increased its position in QUALCOMM by 14.8% during the 3rd quarter. Strategic Blueprint LLC now owns 5,032 shares of the wireless technology company’s stock worth $856,000 after buying an additional 647 shares during the period. MONECO Advisors LLC increased its position in QUALCOMM by 1.8% during the 3rd quarter. MONECO Advisors LLC now owns 3,883 shares of the wireless technology company’s stock worth $660,000 after buying an additional 68 shares during the period. Fortitude Family Office LLC increased its position in QUALCOMM by 62.6% during the 3rd quarter. Fortitude Family Office LLC now owns 395 shares of the wireless technology company’s stock worth $67,000 after buying an additional 152 shares during the period. Finally, Wells Trecaso Financial Group LLC increased its position in shares of QUALCOMM by 0.5% in the third quarter. Wells Trecaso Financial Group LLC now owns 39,550 shares of the wireless technology company’s stock worth $6,725,000 after purchasing an additional 209 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $176.00 on Wednesday. The business’s 50 day simple moving average is $169.19 and its 200 day simple moving average is $182.17. QUALCOMM Incorporated has a one year low of $106.18 and a one year high of $230.63. The stock has a market capitalization of $196.06 billion, a PE ratio of 22.80, a PEG ratio of 1.71 and a beta of 1.28. 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 announced its earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.72 by $0.21. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. The business had revenue of $9.39 billion for the quarter, compared to analysts’ expectations of $9.23 billion. As a group, research analysts forecast that QUALCOMM Incorporated will post 8.02 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s payout ratio is presently 44.04%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $160.50, for a total value of $1,284,000.00. Following the transaction, the chief technology officer now directly owns 229,987 shares of the company’s stock, valued at approximately $36,912,913.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $160.50, for a total value of $1,284,000.00. Following the transaction, the chief technology officer now directly owns 229,987 shares of the company’s stock, valued at approximately $36,912,913.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total value of $497,850.00. Following the completion of the transaction, the chief financial officer now directly owns 51,437 shares in the company, valued at approximately $8,535,970.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,245 shares of company stock worth $3,679,407 over the last ninety days. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup decreased their price target on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. Robert W. Baird raised their price target on QUALCOMM from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. DZ Bank upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Friday, August 2nd. Hsbc Global Res cut QUALCOMM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, KeyCorp cut QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $207.92.

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.