Everpar Advisors LLC bought a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,780 shares of the wireless technology company's stock, valued at approximately $2,138,000. QUALCOMM makes up about 1.0% of Everpar Advisors LLC's portfolio, making the stock its 11th largest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Gravity Asset Management Inc. grew its stake in QUALCOMM by 102.5% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 122 shares in the last quarter. DiNuzzo Private Wealth Inc. bought a new stake in shares of QUALCOMM in the fourth quarter worth $32,000. Cherry Tree Wealth Management LLC raised its holdings in QUALCOMM by 95.0% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 236 shares of the wireless technology company's stock valued at $34,000 after acquiring an additional 115 shares in the last quarter. Fortitude Family Office LLC bought a new position in QUALCOMM during the 4th quarter valued at $35,000. Finally, Cranbrook Wealth Management LLC boosted its stake in QUALCOMM by 68.0% during the 4th quarter. Cranbrook Wealth Management LLC now owns 247 shares of the wireless technology company's stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other QUALCOMM 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 transaction of $55,586.93. Following the completion of the transaction, 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 SEC, which is accessible through the SEC website. In other news, CTO James H. Thompson sold 8,000 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $159.39, for a total transaction of $1,275,120.00. Following the completion of the sale, the chief technology officer now directly owns 269,893 shares of the company's stock, valued at approximately $43,018,245.27. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 371 shares of the company's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total value of $55,586.93. Following the sale, the chief accounting officer now directly owns 689 shares of the company's stock, valued at $103,232.87. The disclosure for this sale can be found here. Insiders have sold a total of 46,316 shares of company stock valued at $7,796,128 over the last quarter. Corporate insiders own 0.08% of the company's stock.
QUALCOMM Price Performance
QUALCOMM stock traded up $0.40 during trading hours on Wednesday, hitting $180.55. 5,875,146 shares of the company traded hands, compared to its average volume of 8,699,306. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $184.31. The firm has a market cap of $201.49 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.27 and a beta of 1.33. The firm's 50-day simple moving average is $168.62 and its two-hundred day simple moving average is $148.09. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59.
QUALCOMM Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, May 30th. This is a positive change from QUALCOMM's previous quarterly dividend of $0.80. QUALCOMM's dividend payout ratio (DPR) is currently 45.70%.
Wall Street Analyst Weigh In
QCOM has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of QUALCOMM from $120.00 to $140.00 and gave the company an "underweight" rating in a research note on Thursday, May 2nd. Benchmark reaffirmed a "buy" rating and set a $200.00 target price on shares of QUALCOMM in a report on Friday, May 3rd. KeyCorp boosted their price target on QUALCOMM from $180.00 to $205.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Morgan Stanley raised their price objective on QUALCOMM from $158.00 to $172.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 2nd. Finally, Wolfe Research boosted their target price on shares of QUALCOMM from $180.00 to $200.00 and gave the company an "outperform" rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $180.48.
Check Out Our Latest Analysis on QUALCOMM
QUALCOMM Profile
(
Free Report)
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.
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