Advyzon Investment Management LLC Acquires Shares of 2,014 QUALCOMM Incorporated (NASDAQ:QCOM)

Key Points

• Advyzon Investment Management LLC has invested approximately $309,000 in QUALCOMM, purchasing 2,014 shares of the company in the first quarter.
• QUALCOMM's most recent quarterly earnings showed earnings per share of $2.77, exceeding analysts' expectations of $2.71, with a revenue of $10.37 billion.
• The company recently declared a quarterly dividend of $0.89 per share, leading to an annualized dividend yield of 2.4%.

Advyzon Investment Management LLC acquired a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,014 shares of the wireless technology company's stock, valued at approximately $309,000.

Several other institutional investors also recently bought and sold shares of the business. Northern Trust Corp lifted its position in shares of QUALCOMM by 12.7% in the fourth quarter. Northern Trust Corp now owns 13,289,513 shares of the wireless technology company's stock valued at $2,041,535,000 after acquiring an additional 1,493,076 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of QUALCOMM by 17.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company's stock valued at $1,502,509,000 after acquiring an additional 1,424,106 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in QUALCOMM by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,509,066 shares of the wireless technology company's stock worth $692,747,000 after buying an additional 138,257 shares in the last quarter. First Trust Advisors LP boosted its stake in QUALCOMM by 2.5% during the fourth quarter. First Trust Advisors LP now owns 4,010,518 shares of the wireless technology company's stock worth $616,096,000 after buying an additional 97,343 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in QUALCOMM by 0.9% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,541,661 shares of the wireless technology company's stock worth $544,035,000 after buying an additional 30,369 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Price Performance

Shares of QCOM stock traded down $0.87 during mid-day trading on Wednesday, hitting $145.84. 8,450,254 shares of the stock traded hands, compared to its average volume of 8,473,886. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. The firm has a market cap of $157.36 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 2.14 and a beta of 1.23. The company's 50-day simple moving average is $155.11 and its 200-day simple moving average is $154.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%. The company's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company posted $2.33 EPS. As a group, equities research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Cantor Fitzgerald reissued a "neutral" rating and set a $150.00 price objective on shares of QUALCOMM in a research note on Thursday, May 1st. Loop Capital lowered their price objective on QUALCOMM from $180.00 to $155.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. Wells Fargo & Company lowered their price objective on QUALCOMM from $175.00 to $140.00 and set an "underweight" rating on the stock in a research note on Thursday, May 1st. Finally, Citigroup reissued a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $181.10.

Insider Buying and Selling at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of QUALCOMM stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $16.00, for a total value of $6,600,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 424,099 shares of company stock worth $8,352,355 over the last three months. Corporate insiders own 0.08% of the company's stock.

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.