FAS Wealth Partners Inc. Has $382,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)

FAS Wealth Partners Inc. boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 29.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,641 shares of the wireless technology company’s stock after acquiring an additional 604 shares during the quarter. FAS Wealth Partners Inc.’s holdings in QUALCOMM were worth $382,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QCOM. Fairfield Bush & CO. increased its stake in QUALCOMM by 1.3% in the first quarter. Fairfield Bush & CO. now owns 30,833 shares of the wireless technology company’s stock valued at $4,712,000 after acquiring an additional 390 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in QUALCOMM by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,211,930 shares of the wireless technology company’s stock worth $338,027,000 after buying an additional 245,335 shares during the last quarter. Merit Financial Group LLC grew its stake in QUALCOMM by 25.2% during the first quarter. Merit Financial Group LLC now owns 2,759 shares of the wireless technology company’s stock worth $422,000 after buying an additional 555 shares during the last quarter. NewEdge Advisors LLC grew its stake in QUALCOMM by 23.8% during the first quarter. NewEdge Advisors LLC now owns 44,138 shares of the wireless technology company’s stock worth $6,745,000 after buying an additional 8,472 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in QUALCOMM by 30.4% during the first quarter. Mackenzie Financial Corp now owns 342,744 shares of the wireless technology company’s stock worth $52,378,000 after buying an additional 79,827 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $168.27, for a total value of $1,346,160.00. Following the sale, the chief technology officer now directly owns 261,893 shares in the company, valued at $44,068,735.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other QUALCOMM news, CAO Neil Martin sold 371 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total value of $55,586.93. Following the sale, the chief accounting officer now directly owns 689 shares in the company, valued at $103,232.87. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $168.27, for a total transaction of $1,346,160.00. Following the completion of the sale, the chief technology officer now owns 261,893 shares in the company, valued at $44,068,735.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,360 shares of company stock worth $6,803,208. Company insiders own 0.08% of the company’s stock.

QUALCOMM Trading Down 0.4 %

Shares of NASDAQ QCOM opened at $171.04 on Wednesday. The company’s 50 day simple moving average is $158.85 and its 200 day simple moving average is $137.27. QUALCOMM Incorporated has a fifty-two week low of $101.47 and a fifty-two week high of $177.59. The firm has a market capitalization of $190.88 billion, a P/E ratio of 24.79, a P/E/G ratio of 2.35 and a beta of 1.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.56 and a quick ratio of 1.88.

QUALCOMM (NASDAQ:QCOMGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.43. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. On average, analysts predict that QUALCOMM Incorporated will post 7.67 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were issued a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.20 annualized dividend and a yield of 1.87%. QUALCOMM’s dividend payout ratio (DPR) is presently 46.38%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Morgan Stanley cut shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $119.00 to $132.00 in a research note on Friday, December 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $150.00 price objective on shares of QUALCOMM in a research note on Monday, March 4th. Canaccord Genuity Group upped their price objective on shares of QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Mizuho increased their price target on shares of QUALCOMM from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, KeyCorp increased their price target on shares of QUALCOMM from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, QUALCOMM presently has an average rating of “Moderate Buy” and an average price target of $148.71.

Check Out Our Latest Analysis on QUALCOMM

QUALCOMM Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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