Nations Financial Group Inc. IA ADV Has $2.60 Million Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Nations Financial Group Inc. IA ADV boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 55.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,360 shares of the wireless technology company's stock after purchasing an additional 5,453 shares during the period. Nations Financial Group Inc. IA ADV's holdings in QUALCOMM were worth $2,601,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tyche Wealth Partners LLC acquired a new stake in QUALCOMM during the 1st quarter worth about $302,000. Fifth Third Bancorp boosted its position in shares of QUALCOMM by 3.9% during the 1st quarter. Fifth Third Bancorp now owns 436,304 shares of the wireless technology company's stock worth $73,866,000 after purchasing an additional 16,296 shares in the last quarter. McAdam LLC bought a new position in shares of QUALCOMM during the 1st quarter worth about $270,000. Wesbanco Bank Inc. boosted its position in shares of QUALCOMM by 31.9% during the 1st quarter. Wesbanco Bank Inc. now owns 14,090 shares of the wireless technology company's stock worth $2,385,000 after purchasing an additional 3,407 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its position in shares of QUALCOMM by 32.7% during the 1st quarter. Summit Trail Advisors LLC now owns 9,622 shares of the wireless technology company's stock worth $1,629,000 after purchasing an additional 2,373 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 371 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the sale, the chief accounting officer now directly owns 689 shares of the company's stock, valued at approximately $103,232.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Neil Martin sold 371 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total value of $55,586.93. Following the transaction, the chief accounting officer now owns 689 shares of the company's stock, valued at $103,232.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Cristiano R. Amon sold 8,100 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $159.50, for a total transaction of $1,291,950.00. Following the completion of the sale, the chief executive officer now owns 24,300 shares of the company's stock, valued at $3,875,850. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,260 shares of company stock valued at $7,429,728. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Stock Down 0.3 %

Shares of QCOM traded down $0.46 during midday trading on Friday, reaching $179.64. 10,043,912 shares of the stock were exchanged, compared to its average volume of 8,171,053. The firm has a 50 day simple moving average of $167.69 and a 200-day simple moving average of $146.59. The company has a quick ratio of 1.88, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. QUALCOMM Incorporated has a 12-month low of $101.47 and a 12-month high of $183.19. The company has a market cap of $200.48 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.47 and a beta of 1.33.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.43. QUALCOMM had a return on equity of 37.09% and a net margin of 23.03%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. Research analysts forecast that QUALCOMM Incorporated will post 7.64 EPS for the current year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, May 30th. This represents a $3.40 dividend on an annualized basis and a yield of 1.89%. This is an increase from QUALCOMM's previous quarterly dividend of $0.80. QUALCOMM's dividend payout ratio is currently 43.01%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on QCOM shares. Barclays raised their price target on shares of QUALCOMM from $155.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday. HSBC raised their price target on shares of QUALCOMM from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday. StockNews.com raised shares of QUALCOMM from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. TD Cowen lifted their target price on shares of QUALCOMM from $160.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of QUALCOMM from $170.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, QUALCOMM has an average rating of "Moderate Buy" and a consensus price target of $179.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.