Omnia Family Wealth LLC Buys Shares of 1,745 QUALCOMM Incorporated (NASDAQ:QCOM)

Omnia Family Wealth LLC bought a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,745 shares of the wireless technology company’s stock, valued at approximately $252,000.

Several other institutional investors also recently bought and sold shares of the stock. Strategic Blueprint LLC lifted its position in QUALCOMM by 23.0% during the third quarter. Strategic Blueprint LLC now owns 3,755 shares of the wireless technology company’s stock valued at $417,000 after purchasing an additional 701 shares during the last quarter. Denali Advisors LLC bought a new position in QUALCOMM during the third quarter valued at $167,000. Avestar Capital LLC lifted its position in QUALCOMM by 18.0% during the third quarter. Avestar Capital LLC now owns 6,009 shares of the wireless technology company’s stock valued at $667,000 after purchasing an additional 915 shares during the last quarter. Townsend Asset Management Corp NC ADV lifted its position in QUALCOMM by 15.6% during the third quarter. Townsend Asset Management Corp NC ADV now owns 63,174 shares of the wireless technology company’s stock valued at $7,016,000 after purchasing an additional 8,524 shares during the last quarter. Finally, Brookstone Capital Management lifted its position in QUALCOMM by 3.8% during the third quarter. Brookstone Capital Management now owns 30,966 shares of the wireless technology company’s stock valued at $3,446,000 after purchasing an additional 1,143 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Trading Up 1.4 %

QCOM traded up $2.36 on Friday, reaching $165.66. 7,141,339 shares of the company traded hands, compared to its average volume of 6,691,146. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.63. The company has a market cap of $184.88 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 2.27 and a beta of 1.41. The firm has a fifty day simple moving average of $165.84 and a two-hundred day simple moving average of $144.70. QUALCOMM Incorporated has a one year low of $101.47 and a one year high of $177.59.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.43. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. As a group, equities research analysts expect that QUALCOMM Incorporated will post 7.64 earnings per share for the current year.

QUALCOMM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be given a $0.85 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. QUALCOMM’s payout ratio is presently 46.38%.

Insider Transactions at QUALCOMM

In other news, CAO Neil Martin sold 371 shares of QUALCOMM stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 689 shares of the company’s stock, valued at approximately $103,232.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Neil Martin sold 371 shares of QUALCOMM stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 689 shares of the company’s stock, valued at approximately $103,232.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction that occurred 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 owns 269,893 shares of the company’s stock, valued at $43,018,245.27. The disclosure for this sale can be found here. Insiders have sold a total of 36,260 shares of company stock valued at $5,973,728 in the last 90 days. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the subject of several research reports. TD Cowen increased their price objective 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. Barclays raised their target price on shares of QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Benchmark began coverage on shares of QUALCOMM in a report on Tuesday, April 23rd. They issued a “buy” rating and a $200.00 target price for the company. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 7th. Finally, Evercore ISI began coverage on shares of QUALCOMM in a report on Tuesday, April 16th. They issued an “in-line” rating and a $177.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.86.

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.