McGlone Suttner Wealth Management Inc. Has $370,000 Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

McGlone Suttner Wealth Management Inc. increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 14.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,557 shares of the wireless technology company’s stock after acquiring an additional 316 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in QUALCOMM were worth $370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. acquired a new stake in shares of QUALCOMM in the 3rd quarter worth about $26,000. Financial Gravity Asset Management Inc. raised its holdings in shares of QUALCOMM by 102.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 122 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of QUALCOMM in the 1st quarter worth about $26,000. Pacifica Partners Inc. increased its stake in QUALCOMM by 150.0% in the 3rd quarter. Pacifica Partners Inc. now owns 250 shares of the wireless technology company’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. Finally, Legacy Financial Group LLC purchased a new stake in QUALCOMM in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the subject of several analyst reports. Mizuho increased their price objective on shares of QUALCOMM from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Rosenblatt Securities increased their price objective on shares of QUALCOMM from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Morgan Stanley lowered shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $119.00 to $132.00 in a research note on Friday, December 8th. Piper Sandler increased their price objective on shares of QUALCOMM from $140.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Finally, TD Cowen increased their target price on shares of QUALCOMM from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.71.

Insider Buying and Selling

In related news, insider James J. Cathey sold 1,000 shares of QUALCOMM stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $139.00, for a total value of $139,000.00. Following the transaction, the insider now owns 4,972 shares in the company, valued at approximately $691,108. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other QUALCOMM news, CEO Cristiano R. Amon sold 8,100 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $169.60, for a total value of $1,373,760.00. Following the sale, the chief executive officer now owns 16,200 shares of the company’s stock, valued at approximately $2,747,520. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James J. Cathey sold 1,000 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $139.00, for a total transaction of $139,000.00. Following the completion of the sale, the insider now directly owns 4,972 shares in the company, valued at approximately $691,108. The disclosure for this sale can be found here. Insiders have sold a total of 34,360 shares of company stock worth $5,457,048 in the last 90 days. 0.08% of the stock is owned by company insiders.

QUALCOMM Price Performance

NASDAQ:QCOM traded up $0.17 during trading hours on Thursday, hitting $169.30. The stock had a trading volume of 5,323,053 shares, compared to its average volume of 9,007,399. The company has a 50 day simple moving average of $157.64 and a two-hundred day simple moving average of $135.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.56 and a quick ratio of 1.88. QUALCOMM Incorporated has a one year low of $101.47 and a one year high of $177.59. The firm has a market capitalization of $188.94 billion, a price-to-earnings ratio of 24.54, a P/E/G ratio of 2.28 and a beta of 1.41.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.43. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. Research analysts forecast that QUALCOMM Incorporated will post 7.67 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Wednesday, February 28th. QUALCOMM’s dividend payout ratio (DPR) is currently 46.38%.

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.