Northstar Financial Companies Inc. Buys New Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Northstar Financial Companies Inc. acquired a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,038 shares of the wireless technology company's stock, valued at approximately $928,000. QUALCOMM comprises 0.9% of Northstar Financial Companies Inc.'s portfolio, making the stock its 25th largest holding.

A number of other institutional investors also recently made changes to their positions in QCOM. Tallon Kerry Patrick acquired a new stake in shares of QUALCOMM during the 4th quarter worth approximately $207,000. LaFleur & Godfrey LLC lifted its stake in QUALCOMM by 10.6% during the fourth quarter. LaFleur & Godfrey LLC now owns 3,126 shares of the wireless technology company's stock worth $480,000 after purchasing an additional 300 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after purchasing an additional 9,343 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of QUALCOMM by 29.0% in the 4th quarter. First Citizens Bank & Trust Co. now owns 5,840 shares of the wireless technology company's stock valued at $897,000 after purchasing an additional 1,312 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of QUALCOMM by 1.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,597 shares of the wireless technology company's stock worth $1,474,000 after buying an additional 167 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on QCOM shares. 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, May 1st. Loop Capital lowered their price target on shares of QUALCOMM from $180.00 to $155.00 and set a "hold" rating for the company in a report on Thursday, May 1st. Robert W. Baird cut their price objective on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company reduced their price objective on QUALCOMM from $175.00 to $140.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. Finally, Seaport Res Ptn upgraded QUALCOMM to a "hold" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $192.08.

QUALCOMM Trading Down 2.1%

QCOM stock traded down $3.12 during trading on Friday, hitting $145.22. The company had a trading volume of 13,752,285 shares, compared to its average volume of 8,810,967. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $230.63. The company has a 50 day simple moving average of $144.60 and a 200-day simple moving average of $155.74. The firm has a market capitalization of $159.45 billion, a P/E ratio of 15.51, a PEG ratio of 2.01 and a beta of 1.29. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

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

QUALCOMM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.45%. This is a positive change from QUALCOMM's previous quarterly dividend of $0.85. The ex-dividend date is Thursday, June 5th. QUALCOMM's dividend payout ratio (DPR) is presently 36.25%.

Insider Activity at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total transaction of $246,784.00. Following the sale, the insider now owns 24,393 shares in the company, valued at approximately $3,762,376.32. The trade was a 6.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $156.82, for a total transaction of $523,308.34. Following the transaction, the chief financial officer now owns 59,778 shares in the company, valued at $9,374,385.96. The trade was a 5.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 425,068 shares of company stock valued at $8,418,305 over the last ninety days. 0.08% of the stock is owned by company insiders.

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.