QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Investmark Advisory Group LLC

Investmark Advisory Group LLC boosted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,591 shares of the wireless technology company’s stock after buying an additional 631 shares during the period. QUALCOMM comprises 3.5% of Investmark Advisory Group LLC’s investment portfolio, making the stock its 6th largest holding. Investmark Advisory Group LLC’s holdings in QUALCOMM were worth $3,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of QCOM. Rehmann Capital Advisory Group boosted its holdings in QUALCOMM by 0.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 9,132 shares of the wireless technology company’s stock worth $1,670,000 after acquiring an additional 66 shares in the last quarter. Wilson & Boucher Capital Management LLC boosted its holdings in QUALCOMM by 2.3% in the first quarter. Wilson & Boucher Capital Management LLC now owns 3,370 shares of the wireless technology company’s stock worth $515,000 after acquiring an additional 75 shares in the last quarter. Concord Wealth Partners lifted its holdings in shares of QUALCOMM by 4.0% in the first quarter. Concord Wealth Partners now owns 1,945 shares of the wireless technology company’s stock valued at $297,000 after purchasing an additional 75 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of QUALCOMM by 0.5% in the first quarter. Ritholtz Wealth Management now owns 15,747 shares of the wireless technology company’s stock valued at $2,406,000 after purchasing an additional 76 shares in the last quarter. Finally, Manchester Financial Inc. lifted its holdings in shares of QUALCOMM by 0.8% in the first quarter. Manchester Financial Inc. now owns 10,092 shares of the wireless technology company’s stock valued at $1,542,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at QUALCOMM

In other news, insider James J. Cathey sold 2,084 shares of QUALCOMM stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $126.51, for a total value of $263,646.84. Following the transaction, the insider now owns 917 shares in the company, valued at $116,009.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on QCOM. Mizuho raised their target price on QUALCOMM from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Wells Fargo & Company dropped their target price on QUALCOMM from $150.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, July 11th. Deutsche Bank Aktiengesellschaft dropped their target price on QUALCOMM from $190.00 to $170.00 in a report on Wednesday, July 20th. Piper Sandler decreased their price target on QUALCOMM from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Thursday, July 28th. Finally, Cowen set a $185.00 price target on QUALCOMM in a research report on Tuesday, July 19th. Ten analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $191.04.

QUALCOMM Price Performance

QCOM stock traded down $4.30 during mid-day trading on Friday, hitting $119.38. 472,229 shares of the stock were exchanged, compared to its average volume of 6,950,391. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.61 and a quick ratio of 1.15. The business has a fifty day moving average price of $140.48 and a 200 day moving average price of $139.40. QUALCOMM Incorporated has a 12 month low of $118.22 and a 12 month high of $193.58. The stock has a market capitalization of $134.06 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 0.72 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOMGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The wireless technology company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.08. QUALCOMM had a return on equity of 95.77% and a net margin of 30.52%. The firm had revenue of $10.93 billion during the quarter, compared to analyst estimates of $10.85 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. The company’s revenue was up 36.7% compared to the same quarter last year. On average, sell-side analysts anticipate that QUALCOMM Incorporated will post 10.95 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st were issued a $0.75 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $3.00 annualized dividend and a dividend yield of 2.51%. QUALCOMM’s dividend payout ratio is currently 26.57%.

About QUALCOMM

(Get Rating)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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, application processing, multimedia, and global positioning system products.

Featured Stories

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM Incorporated (NASDAQ:QCOMGet Rating).

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter.