4WEALTH Advisors Inc. Makes New Investment in QUALCOMM Incorporated (NASDAQ:QCOM)

4WEALTH Advisors Inc. acquired a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,091 shares of the wireless technology company's stock, valued at approximately $629,000.

Other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC raised its stake in shares of QUALCOMM by 304.0% in the 3rd quarter. World Investment Advisors LLC now owns 45,166 shares of the wireless technology company's stock valued at $7,680,000 after purchasing an additional 33,985 shares in the last quarter. Synovus Financial Corp raised its stake in QUALCOMM by 8.2% during the third quarter. Synovus Financial Corp now owns 54,680 shares of the wireless technology company's stock valued at $9,299,000 after buying an additional 4,129 shares in the last quarter. Franklin Resources Inc. lifted its holdings in QUALCOMM by 1.6% during the 3rd quarter. Franklin Resources Inc. now owns 6,832,693 shares of the wireless technology company's stock worth $1,213,023,000 after buying an additional 110,828 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of QUALCOMM in the 3rd quarter worth approximately $344,000. Finally, DGS Capital Management LLC increased its holdings in shares of QUALCOMM by 65.1% in the 3rd quarter. DGS Capital Management LLC now owns 3,486 shares of the wireless technology company's stock valued at $593,000 after acquiring an additional 1,374 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on QCOM shares. Cantor Fitzgerald restated a "neutral" rating and set a $150.00 price objective on shares of QUALCOMM in a research note on Thursday. Benchmark lowered their price objective on shares of QUALCOMM from $240.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday. Evercore ISI decreased their target price on QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a research note on Friday. Wells Fargo & Company reduced their price objective on QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday. Finally, Loop Capital dropped their target price on QUALCOMM from $180.00 to $155.00 and set a "hold" rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $192.58.

Insider Transactions at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $137.74, for a total transaction of $220,384.00. Following the transaction, the insider now directly owns 22,793 shares in the company, valued at $3,139,507.82. The trade was a 6.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares in the company, valued at $3,526,010.46. The trade was a 48.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,266 shares of company stock worth $5,267,436 over the last three months. 0.08% of the stock is currently owned by insiders.

QUALCOMM Stock Up 3.4 %

Shares of QUALCOMM stock traded up $4.60 during trading on Friday, hitting $139.81. 13,180,073 shares of the stock traded hands, compared to its average volume of 8,884,135. The stock has a market cap of $154.63 billion, a P/E ratio of 14.94, a PEG ratio of 2.01 and a beta of 1.28. The company has a fifty day moving average price of $147.74 and a two-hundred day moving average price of $158.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, topping the consensus estimate of $2.82 by $0.03. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. The firm had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $10.58 billion. During the same period in the prior year, the business posted $2.44 earnings per share. The business's quarterly revenue was up 17.0% on a year-over-year basis. Equities research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be given a $0.89 dividend. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, June 5th. QUALCOMM's payout ratio is currently 36.25%.

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.