Horan Securities Inc. Has $499,000 Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Horan Securities Inc. raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,248 shares of the wireless technology company’s stock after acquiring an additional 100 shares during the period. Horan Securities Inc.’s holdings in QUALCOMM were worth $499,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of QCOM. Capital Performance Advisors LLP acquired a new position in shares of QUALCOMM in the third quarter valued at about $83,000. Leavell Investment Management Inc. boosted its stake in QUALCOMM by 17.7% in the third quarter. Leavell Investment Management Inc. now owns 23,229 shares of the wireless technology company’s stock valued at $3,950,000 after buying an additional 3,495 shares in the last quarter. Equitable Trust Co. increased its position in QUALCOMM by 31.0% during the 3rd quarter. Equitable Trust Co. now owns 16,378 shares of the wireless technology company’s stock worth $2,785,000 after purchasing an additional 3,874 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of QUALCOMM during the 3rd quarter valued at $13,449,000. Finally, Crumly & Associates Inc. increased its stake in shares of QUALCOMM by 121.7% in the third quarter. Crumly & Associates Inc. now owns 3,432 shares of the wireless technology company’s stock valued at $584,000 after buying an additional 1,884 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

QCOM has been the subject of a number of recent research reports. Cantor Fitzgerald restated a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. Melius started coverage on shares of QUALCOMM in a research note on Monday, December 9th. They set a “hold” rating and a $180.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. Evercore ISI dropped their price target 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. Finally, Susquehanna cut their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $205.32.

Insider Activity

In related news, CAO Neil Martin sold 744 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the completion of the sale, the chief accounting officer now directly owns 461 shares in the company, valued at approximately $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Alexander H. Rogers sold 10,373 shares of the company’s stock in a transaction on 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 directly owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. This represents a 23.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,045 shares of company stock worth $7,752,423. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

Shares of QCOM stock 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 company’s fifty day moving average price is $164.76 and its two-hundred day moving average price is $165.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The firm has a market capitalization of $178.31 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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%. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.11%. QUALCOMM’s dividend payout ratio (DPR) is 36.32%.

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.