Beacon Financial Advisory LLC Acquires 5,730 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Beacon Financial Advisory LLC grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 141.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,778 shares of the wireless technology company’s stock after purchasing an additional 5,730 shares during the quarter. Beacon Financial Advisory LLC’s holdings in QUALCOMM were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Adero Partners LLC boosted its holdings in shares of QUALCOMM by 4.8% during the 4th quarter. Adero Partners LLC now owns 1,898 shares of the wireless technology company’s stock worth $292,000 after buying an additional 87 shares in the last quarter. YANKCOM Partnership acquired a new position in shares of QUALCOMM during the 4th quarter valued at $959,000. Vision Capital Management Inc. boosted its stake in QUALCOMM by 39.8% during the fourth quarter. Vision Capital Management Inc. now owns 36,191 shares of the wireless technology company’s stock worth $5,560,000 after acquiring an additional 10,305 shares in the last quarter. Trilogy Capital Inc. grew its holdings in QUALCOMM by 6.9% in the fourth quarter. Trilogy Capital Inc. now owns 20,511 shares of the wireless technology company’s stock worth $3,151,000 after purchasing an additional 1,332 shares during the period. Finally, Onyx Bridge Wealth Group LLC grew its holdings in QUALCOMM by 2.7% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 3,567 shares of the wireless technology company’s stock worth $548,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Trading Up 1.6 %

Shares of QCOM stock opened at $175.86 on Thursday. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The firm has a market cap of $195.38 billion, a P/E ratio of 19.56, a PEG ratio of 2.87 and a beta of 1.25. The company has a 50 day moving average of $161.31 and a 200-day moving average of $165.95. QUALCOMM Incorporated has a 12-month low of $142.43 and a 12-month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. Sell-side analysts anticipate that QUALCOMM Incorporated will post 9.16 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

Insiders Place Their Bets

In related news, insider Alexander H. Rogers sold 10,373 shares of the stock in a transaction dated 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 owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. This represents a 23.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the transaction, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at $14,570. The trade was a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,981 shares of company stock worth $4,000,870 over the last quarter. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on QCOM shares. Evercore ISI increased their price objective on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Mizuho cut their price target on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Barclays decreased their price objective on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Sanford C. Bernstein increased their target price on QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Benchmark restated a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $206.57.

About QUALCOMM

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.