Walkner Condon Financial Advisors LLC Purchases 87 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Walkner Condon Financial Advisors LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,596 shares of the wireless technology company’s stock after acquiring an additional 87 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in QUALCOMM were worth $245,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Catalyst Financial Partners LLC lifted its holdings in shares of QUALCOMM by 2.4% in the 4th quarter. Catalyst Financial Partners LLC now owns 10,635 shares of the wireless technology company’s stock worth $1,634,000 after acquiring an additional 252 shares during the last quarter. IMS Capital Management lifted its holdings in QUALCOMM by 1.4% during the 4th quarter. IMS Capital Management now owns 9,310 shares of the wireless technology company’s stock valued at $1,430,000 after buying an additional 130 shares in the last quarter. Aljian Capital Management LLC lifted its holdings in QUALCOMM by 1.5% during the 4th quarter. Aljian Capital Management LLC now owns 10,863 shares of the wireless technology company’s stock valued at $1,669,000 after buying an additional 161 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in QUALCOMM by 4.5% during the 4th quarter. Pathway Financial Advisers LLC now owns 13,526 shares of the wireless technology company’s stock valued at $2,078,000 after buying an additional 588 shares in the last quarter. Finally, Avestar Capital LLC lifted its holdings in QUALCOMM by 7.0% during the 4th quarter. Avestar Capital LLC now owns 12,695 shares of the wireless technology company’s stock valued at $1,950,000 after buying an additional 827 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $172.23 on Friday. The firm has a market cap of $190.49 billion, a PE ratio of 18.40, a PEG ratio of 2.80 and a beta of 1.25. The firm has a fifty day moving average of $162.87 and a 200 day moving average of $165.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.79 and a current ratio of 2.62. QUALCOMM Incorporated has a one year low of $148.90 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. As a group, research analysts predict that QUALCOMM Incorporated will post 9.19 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s payout ratio is 36.32%.

Insider Transactions at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total value of $509,400.00. Following the completion of the sale, the chief financial officer now owns 63,115 shares of the company’s stock, valued at approximately $10,716,927. This represents a 4.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Neil Martin sold 1,304 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at $14,570. This represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,268 shares of company stock valued at $7,785,781 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on QCOM shares. Melius started coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective for the company. Piper Sandler decreased their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Melius Research started coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective for the company. Evercore ISI cut their target price on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. Finally, Mizuho cut their target price on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and an average target price of $205.32.

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.