QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Advisor OS LLC

Advisor OS LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 24.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,154 shares of the wireless technology company's stock after purchasing an additional 1,591 shares during the quarter. Advisor OS LLC's holdings in QUALCOMM were worth $1,253,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Banque Transatlantique SA purchased a new stake in QUALCOMM in the 4th quarter worth $26,000. Atlantic Edge Private Wealth Management LLC grew its position in shares of QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 70 shares in the last quarter. WFA Asset Management Corp purchased a new position in shares of QUALCOMM during the first quarter valued at about $27,000. Sunbeam Capital Management LLC purchased a new position in shares of QUALCOMM during the fourth quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of QUALCOMM during the fourth quarter valued at about $30,000. 74.35% of the stock is owned by institutional investors.

Insider Activity

In other QUALCOMM news, major shareholder Inc/De Qualcomm sold 412,500 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $6,600,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $161.28, for a total transaction of $537,546.24. Following the completion of the sale, the chief financial officer directly owned 46,446 shares in the company, valued at approximately $7,490,810.88. The trade was a 6.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 424,099 shares of company stock valued at $8,310,735 over the last ninety days. 0.08% of the stock is currently owned by insiders.

QUALCOMM Stock Down 0.7%

NASDAQ QCOM traded down $1.04 on Thursday, hitting $158.84. The stock had a trading volume of 5,007,384 shares, compared to its average volume of 7,283,261. The business's fifty day moving average price is $154.48 and its 200 day moving average price is $155.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.73 and a quick ratio of 2.08. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.64. The stock has a market cap of $174.41 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 2.06 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share for the quarter, beating analysts' consensus estimates of $2.82 by $0.03. The firm had revenue of $10.98 billion for the quarter, compared to analyst estimates of $10.58 billion. QUALCOMM had a net margin of 26.11% and a return on equity of 40.11%. The business's quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.44 earnings per share. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is presently 36.25%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Benchmark dropped their price target on QUALCOMM from $240.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. TD Cowen dropped their price target on QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. UBS Group raised their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $184.86.

QUALCOMM 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.