Cambridge Investment Research Advisors Inc. Has $35.76 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Cambridge Investment Research Advisors Inc. raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,208 shares of the wireless technology company's stock after purchasing an additional 6,995 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in QUALCOMM were worth $35,758,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in QCOM. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM during the first quarter worth $27,000. CarsonAllaria Wealth Management Ltd. lifted its holdings in shares of QUALCOMM by 327.1% during the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 205 shares of the wireless technology company's stock worth $30,000 after buying an additional 157 shares in the last quarter. Richardson Capital Management LLC acquired a new stake in shares of QUALCOMM during the first quarter worth $37,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of QUALCOMM during the fourth quarter worth $32,000. Finally, Cherry Tree Wealth Management LLC lifted its holdings in shares of QUALCOMM by 95.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 236 shares of the wireless technology company's stock worth $34,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wolfe Research lifted their target price on QUALCOMM from $180.00 to $200.00 and gave the stock an "outperform" rating in a report on Thursday, May 2nd. TD Cowen raised their price target on QUALCOMM from $160.00 to $170.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. KeyCorp raised their price target on QUALCOMM from $180.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, April 8th. Cantor Fitzgerald restated a "neutral" rating and issued a $190.00 price target on shares of QUALCOMM in a research report on Thursday, May 2nd. Finally, Susquehanna raised their price target on QUALCOMM from $175.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $180.48.

Insider Buying and Selling

In related news, Director Sylvia Acevedo sold 2,056 shares of QUALCOMM stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.21, for a total value of $366,399.76. Following the transaction, the director now directly owns 54 shares of the company's stock, valued at $9,623.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other QUALCOMM news, Director Sylvia Acevedo sold 2,056 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.21, for a total value of $366,399.76. Following the transaction, the director now directly owns 54 shares of the company's stock, valued at $9,623.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 1,116 shares of the business's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $196.11, for a total value of $218,858.76. Following the completion of the transaction, the chief accounting officer now directly owns 358 shares in the company, valued at $70,207.38. The disclosure for this sale can be found here. Insiders have sold a total of 70,074 shares of company stock valued at $12,258,386 over the last ninety days. 0.08% of the stock is owned by company insiders.

QUALCOMM Trading Down 0.6 %

Shares of NASDAQ:QCOM traded down $1.17 during midday trading on Thursday, hitting $201.76. 14,470,663 shares of the stock were exchanged, compared to its average volume of 8,688,804. The stock has a market capitalization of $225.16 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 2.48 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.98 and a current ratio of 2.65. The business's 50-day moving average price is $174.64 and its 200 day moving average price is $154.38. QUALCOMM Incorporated has a 12 month low of $101.47 and a 12 month high of $207.95.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.11. The company had revenue of $9.39 billion for the quarter, compared to analysts' expectations of $9.32 billion. QUALCOMM had a return on equity of 37.09% and a net margin of 23.03%. Analysts predict that QUALCOMM Incorporated will post 7.81 earnings per share for the current year.

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 $0.85 dividend. This is a positive change from QUALCOMM's previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, May 30th. QUALCOMM's payout ratio is currently 43.01%.

About QUALCOMM

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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