YHB Investment Advisors Inc. Has $413,000 Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

YHB Investment Advisors Inc. reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 3.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,231 shares of the wireless technology company’s stock after selling 130 shares during the quarter. YHB Investment Advisors Inc.’s holdings in QUALCOMM were worth $413,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. CoreCap Advisors LLC grew its holdings in shares of QUALCOMM by 180.0% during the first quarter. CoreCap Advisors LLC now owns 19,027 shares of the wireless technology company’s stock worth $2,908,000 after purchasing an additional 12,231 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of QUALCOMM by 321.2% during the first quarter. Hillsdale Investment Management Inc. now owns 4,107 shares of the wireless technology company’s stock worth $628,000 after purchasing an additional 3,132 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of QUALCOMM by 12.4% during the first quarter. Brookstone Capital Management now owns 19,388 shares of the wireless technology company’s stock worth $2,624,000 after purchasing an additional 2,145 shares during the last quarter. NN Investment Partners Holdings N.V. grew its holdings in shares of QUALCOMM by 26.6% during the first quarter. NN Investment Partners Holdings N.V. now owns 88,822 shares of the wireless technology company’s stock worth $13,574,000 after purchasing an additional 18,645 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its holdings in shares of QUALCOMM by 19.3% during the first quarter. IFM Investors Pty Ltd now owns 177,701 shares of the wireless technology company’s stock worth $27,156,000 after purchasing an additional 28,711 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Down 0.8 %

Shares of QUALCOMM stock opened at $123.68 on Friday. The business’s 50 day simple moving average is $140.48 and its 200 day simple moving average is $139.40. QUALCOMM Incorporated has a 52-week low of $118.22 and a 52-week high of $193.58. The firm has a market cap of $138.89 billion, a PE ratio of 10.95, a P/E/G ratio of 0.72 and a beta of 1.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.15 and a current ratio of 1.61.

QUALCOMM (NASDAQ:QCOMGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The wireless technology company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.44. The firm had revenue of $10.93 billion for the quarter, compared to analyst estimates of $10.85 billion. QUALCOMM had a return on equity of 95.77% and a net margin of 30.52%. The business’s quarterly revenue was up 36.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.66 EPS. On average, analysts predict that QUALCOMM Incorporated will post 10.95 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Wednesday, August 31st. QUALCOMM’s dividend payout ratio (DPR) is 26.57%.

Insiders Place Their Bets

In other QUALCOMM news, insider James J. Cathey sold 2,084 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $126.51, for a total transaction of $263,646.84. Following the transaction, the insider now owns 917 shares of the company’s stock, valued at approximately $116,009.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Cowen set a $185.00 target price on QUALCOMM in a report on Tuesday, July 19th. Piper Sandler decreased their price target on QUALCOMM from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, July 28th. Edward Jones upgraded QUALCOMM from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Wells Fargo & Company decreased their price target on QUALCOMM from $150.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, July 11th. Finally, JPMorgan Chase & Co. decreased their price target on QUALCOMM from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Thursday, July 14th. Ten investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $191.04.

About QUALCOMM

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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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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