Sage Private Wealth Group LLC Buys 127 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Sage Private Wealth Group LLC grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,414 shares of the wireless technology company’s stock after acquiring an additional 127 shares during the quarter. Sage Private Wealth Group LLC’s holdings in QUALCOMM were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fiduciary Alliance LLC grew its stake in QUALCOMM by 34.9% in the third quarter. Fiduciary Alliance LLC now owns 4,216 shares of the wireless technology company’s stock valued at $717,000 after acquiring an additional 1,091 shares during the period. Harrington Investments INC lifted its holdings in shares of QUALCOMM by 0.6% during the 3rd quarter. Harrington Investments INC now owns 22,638 shares of the wireless technology company’s stock valued at $3,850,000 after purchasing an additional 130 shares in the last quarter. CX Institutional lifted its holdings in shares of QUALCOMM by 334.2% during the 3rd quarter. CX Institutional now owns 24,960 shares of the wireless technology company’s stock valued at $4,244,000 after purchasing an additional 19,212 shares in the last quarter. Wesbanco Bank Inc. grew its position in shares of QUALCOMM by 0.7% in the 3rd quarter. Wesbanco Bank Inc. now owns 13,590 shares of the wireless technology company’s stock valued at $2,311,000 after purchasing an additional 88 shares during the period. Finally, Creative Planning increased its stake in QUALCOMM by 0.5% during the 3rd quarter. Creative Planning now owns 403,811 shares of the wireless technology company’s stock worth $68,147,000 after purchasing an additional 2,086 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $171.99 on Wednesday. The company has a current ratio of 2.62, a quick ratio of 1.79 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $190.22 billion, a P/E ratio of 18.38, a P/E/G ratio of 2.80 and a beta of 1.25. QUALCOMM Incorporated has a 12 month low of $148.41 and a 12 month high of $230.63. The stock has a 50 day moving average of $162.31 and a 200-day moving average of $165.53.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. As a group, equities research analysts predict that QUALCOMM Incorporated will post 9.19 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 1.98%. QUALCOMM’s dividend payout ratio (DPR) is currently 36.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on QCOM. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Evercore ISI cut their price objective 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. Benchmark reiterated a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a report on Friday, February 7th. Sanford C. Bernstein boosted their price target on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Loop Capital began coverage on QUALCOMM in a report on Monday, November 11th. They set a “hold” rating and a $180.00 price objective for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.32.

Insider Buying and Selling at QUALCOMM

In other news, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction on Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares of the company’s stock, valued at approximately $3,526,010.46. This trade represents a 48.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were 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 directly owns 94 shares of the company’s stock, valued at approximately $14,570. The trade was a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,268 shares of company stock valued at $7,276,381 in the last three months. 0.08% of the stock is currently owned by company insiders.

QUALCOMM 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.