Ethos Financial Group LLC Grows Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Ethos Financial Group LLC increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 24.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,113 shares of the wireless technology company’s stock after purchasing an additional 618 shares during the quarter. Ethos Financial Group LLC’s holdings in QUALCOMM were worth $451,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Peoples Bank OH bought a new position in QUALCOMM during the fourth quarter worth $219,000. HF Advisory Group LLC bought a new position in QUALCOMM during the third quarter worth $629,000. Bank Hapoalim BM lifted its stake in QUALCOMM by 35.0% during the fourth quarter. Bank Hapoalim BM now owns 35,423 shares of the wireless technology company’s stock worth $5,123,000 after purchasing an additional 9,192 shares during the last quarter. NewEdge Wealth LLC lifted its stake in QUALCOMM by 120.2% in the fourth quarter. NewEdge Wealth LLC now owns 20,677 shares of the wireless technology company’s stock valued at $2,991,000 after buying an additional 11,285 shares during the last quarter. Finally, 1834 Investment Advisors Co. lifted its stake in QUALCOMM by 6.6% in the fourth quarter. 1834 Investment Advisors Co. now owns 45,570 shares of the wireless technology company’s stock valued at $6,591,000 after buying an additional 2,818 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Trading Down 0.0 %

QCOM traded down $0.01 during trading on Thursday, reaching $180.54. The company had a trading volume of 5,508,369 shares, compared to its average volume of 8,663,888. The firm’s 50-day simple moving average is $169.12 and its 200 day simple moving average is $148.31. The company has a market cap of $201.48 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.27 and a beta of 1.33. QUALCOMM Incorporated has a 12-month low of $101.47 and a 12-month high of $184.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.98 and a current ratio of 2.65.

QUALCOMM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, May 30th. 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 yield of 1.88%. QUALCOMM’s dividend payout ratio (DPR) is presently 45.70%.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 371 shares of QUALCOMM stock in a transaction dated 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 sale, the chief accounting officer now directly owns 689 shares in the company, valued at approximately $103,232.87. The sale was disclosed in a 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 dated 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 sale, the chief accounting officer now directly owns 689 shares in the company, valued at approximately $103,232.87. The sale was disclosed in a 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 dated Friday, May 3rd. The shares were sold at an average price of $182.00, for a total value of $1,456,000.00. Following the sale, the chief technology officer now owns 253,893 shares of the company’s stock, valued at $46,208,526. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,316 shares of company stock worth $7,796,128. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Morgan Stanley raised their target price on QUALCOMM from $158.00 to $172.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 target price on shares of QUALCOMM in a research note on Thursday, May 2nd. Citigroup raised their price target on QUALCOMM from $160.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. raised their price target on QUALCOMM from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Susquehanna raised their price target on QUALCOMM from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, April 10th. One 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $180.48.

QUALCOMM 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.