Perfromance Wealth Partners LLC Purchases 155 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Perfromance Wealth Partners LLC boosted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,015 shares of the wireless technology company’s stock after purchasing an additional 155 shares during the period. Perfromance Wealth Partners LLC’s holdings in QUALCOMM were worth $770,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH grew its holdings in QUALCOMM by 7.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 463,018 shares of the wireless technology company’s stock valued at $71,129,000 after purchasing an additional 30,253 shares during the last quarter. Atomi Financial Group Inc. boosted its position in QUALCOMM by 3.0% in the 4th quarter. Atomi Financial Group Inc. now owns 4,839 shares of the wireless technology company’s stock valued at $743,000 after buying an additional 143 shares during the period. LifePlan Financial LLC boosted its position in QUALCOMM by 14.6% in the 4th quarter. LifePlan Financial LLC now owns 2,810 shares of the wireless technology company’s stock valued at $432,000 after buying an additional 358 shares during the period. Clear Harbor Asset Management LLC boosted its position in QUALCOMM by 28.3% in the 4th quarter. Clear Harbor Asset Management LLC now owns 14,347 shares of the wireless technology company’s stock valued at $2,204,000 after buying an additional 3,162 shares during the period. Finally, First United Bank & Trust boosted its position in QUALCOMM by 52.6% in the 4th quarter. First United Bank & Trust now owns 1,785 shares of the wireless technology company’s stock valued at $274,000 after buying an additional 615 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Insider Transactions at QUALCOMM

In related news, General Counsel Ann C. Chaplin sold 7,717 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,239,273.03. Following the sale, the general counsel now directly owns 17,153 shares of the company’s stock, valued at approximately $2,754,600.27. This represents a 31.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of the 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 in the company, valued at $5,360,975.97. This trade represents a 23.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,882 shares of company stock worth $4,314,649 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on QCOM shares. JPMorgan Chase & Co. lowered their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. KeyCorp cut shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. UBS Group boosted their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Susquehanna lowered their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Finally, Benchmark reaffirmed a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $206.57.

QUALCOMM Stock Up 1.6 %

NASDAQ:QCOM opened at $167.27 on Wednesday. The firm has a market capitalization of $185.84 billion, a P/E ratio of 18.61, a PEG ratio of 2.75 and a beta of 1.25. QUALCOMM Incorporated has a 1-year low of $139.26 and a 1-year high of $230.63. The company’s fifty day moving average price is $158.78 and its 200-day moving average price is $168.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 9.12 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 dividend yield of 2.03%. QUALCOMM’s payout ratio is currently 37.82%.

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.