Marshall Financial Group LLC Buys 342 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Marshall Financial Group LLC lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 13,823 shares of the wireless technology company’s stock after buying an additional 342 shares during the period. Marshall Financial Group LLC’s holdings in QUALCOMM were worth $2,340,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. lifted its holdings in QUALCOMM by 460.2% during the third quarter. Alps Advisors Inc. now owns 55,261 shares of the wireless technology company’s stock worth $6,137,000 after acquiring an additional 45,397 shares during the period. Legacy Advisors LLC purchased a new position in shares of QUALCOMM in the 3rd quarter worth about $1,112,000. Kingfisher Capital LLC grew its position in QUALCOMM by 0.5% during the third quarter. Kingfisher Capital LLC now owns 34,848 shares of the wireless technology company’s stock valued at $3,870,000 after buying an additional 189 shares during the period. KPP Advisory Services LLC purchased a new stake in QUALCOMM during the third quarter worth about $218,000. Finally, JT Stratford LLC increased its holdings in QUALCOMM by 6.7% during the third quarter. JT Stratford LLC now owns 2,814 shares of the wireless technology company’s stock worth $313,000 after buying an additional 176 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of QUALCOMM stock traded up $3.65 during trading on Thursday, hitting $203.81. 4,996,211 shares of the stock traded hands, compared to its average volume of 10,966,074. The firm’s fifty day moving average is $198.20 and its 200-day moving average is $170.71. The stock has a market cap of $227.45 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.43 and a beta of 1.27. QUALCOMM Incorporated has a 52 week low of $104.33 and a 52 week high of $230.63. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.11. The business had revenue of $9.39 billion for the quarter, compared to analysts’ expectations of $9.32 billion. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. Research analysts expect that QUALCOMM Incorporated will post 7.85 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th were paid a $0.85 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 1.67%. QUALCOMM’s payout ratio is currently 45.70%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 8th. TD Cowen lifted their price objective on shares of QUALCOMM from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. KeyCorp increased their price objective on QUALCOMM from $180.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. UBS Group lifted their target price on QUALCOMM from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, Barclays increased their price target on shares of QUALCOMM from $155.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.13.

Insider Buying and Selling at QUALCOMM

In other news, Director Sylvia Acevedo sold 2,056 shares of QUALCOMM stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $178.21, for a total value of $366,399.76. Following the transaction, the director now owns 54 shares in the company, valued at $9,623.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $182.00, for a total value of $1,456,000.00. Following the sale, the chief technology officer now owns 253,893 shares of the company’s stock, valued at approximately $46,208,526. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sylvia Acevedo sold 2,056 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.21, for a total transaction of $366,399.76. Following the completion of the transaction, the director now owns 54 shares in the company, valued at approximately $9,623.34. The disclosure for this sale can be found here. Insiders sold a total of 42,185 shares of company stock worth $7,936,005 over the last three months. Company insiders own 0.08% of the company’s stock.

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.