QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,923 shares of the wireless technology company’s stock after acquiring an additional 123 shares during the period. TCI Wealth Advisors Inc.’s holdings in QUALCOMM were worth $857,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Veracity Capital LLC boosted its stake in shares of QUALCOMM by 7.2% in the third quarter. Veracity Capital LLC now owns 2,503 shares of the wireless technology company’s stock worth $278,000 after buying an additional 168 shares during the last quarter. Shariaportfolio Inc. purchased a new stake in QUALCOMM in the 3rd quarter worth approximately $1,330,000. Lindbrook Capital LLC grew its stake in shares of QUALCOMM by 17.8% during the 3rd quarter. Lindbrook Capital LLC now owns 4,555 shares of the wireless technology company’s stock worth $506,000 after purchasing an additional 688 shares during the period. Vision Capital Management Inc. increased its holdings in shares of QUALCOMM by 1.4% during the 3rd quarter. Vision Capital Management Inc. now owns 26,135 shares of the wireless technology company’s stock valued at $2,903,000 after purchasing an additional 367 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in shares of QUALCOMM by 4.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 23,660 shares of the wireless technology company’s stock valued at $2,628,000 after purchasing an additional 1,052 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Trading Down 0.3 %

QUALCOMM stock traded down $0.46 during trading on Friday, reaching $179.64. 10,043,912 shares of the company were exchanged, compared to its average volume of 8,171,053. The stock’s 50 day simple moving average is $167.69 and its two-hundred day simple moving average is $147.08. The company has a market capitalization of $200.48 billion, a P/E ratio of 24.15, a PEG ratio of 2.46 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.65 and a quick ratio of 1.88. QUALCOMM Incorporated has a 52-week low of $101.47 and a 52-week high of $183.19.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results 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. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.50 billion. On average, equities research analysts expect that QUALCOMM Incorporated will post 7.64 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on QCOM. Wells Fargo & Company raised their price target on shares of QUALCOMM from $120.00 to $140.00 and gave the company an “underweight” rating in a research report on Thursday. Evercore ISI assumed coverage on QUALCOMM in a research note on Tuesday, April 16th. They issued an “in-line” rating and a $177.00 price target for the company. Susquehanna increased 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. KeyCorp raised their price objective on QUALCOMM from $180.00 to $205.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Robert W. Baird upped their target price on QUALCOMM from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $179.36.

Insider Activity

In other 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 in the company, valued at approximately $103,232.87. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Neil Martin sold 371 shares of the business’s 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 sale, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at approximately $103,232.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Cristiano R. Amon sold 8,100 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 24,300 shares of the company’s stock, valued at approximately $3,875,850. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,260 shares of company stock valued at $7,429,728. 0.08% of the stock is currently owned by company insiders.

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.