QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC raised its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,397 shares of the wireless technology company’s stock after acquiring an additional 224 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in QUALCOMM were worth $522,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Meriwether Wealth & Planning LLC acquired a new position in QUALCOMM in the 4th quarter valued at about $224,000. Johnson Investment Counsel Inc. boosted its stake in shares of QUALCOMM by 1.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 32,025 shares of the wireless technology company’s stock valued at $4,920,000 after buying an additional 361 shares during the period. Tiemann Investment Advisors LLC boosted its stake in shares of QUALCOMM by 7.6% in the 4th quarter. Tiemann Investment Advisors LLC now owns 1,697 shares of the wireless technology company’s stock valued at $261,000 after buying an additional 120 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of QUALCOMM by 11.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 310,093 shares of the wireless technology company’s stock valued at $47,637,000 after buying an additional 31,682 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of QUALCOMM by 6.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 823,029 shares of the wireless technology company’s stock valued at $126,434,000 after buying an additional 48,819 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity at QUALCOMM

In other news, insider Alexander H. Rogers sold 10,373 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the transaction, the insider now directly owns 33,383 shares of the company’s stock, valued at $5,360,975.97. The trade was a 23.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Ann C. Chaplin sold 7,717 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,239,273.03. Following the completion of the transaction, the general counsel now owns 17,153 shares in the company, valued at $2,754,600.27. The trade was a 31.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,045 shares of company stock worth $7,752,423 over the last three months. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the subject of several recent research reports. Loop Capital initiated coverage on QUALCOMM in a research note on Monday, November 11th. They issued a “hold” rating and a $180.00 price objective for the company. Evercore ISI decreased their target price on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. StockNews.com upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Melius Research initiated coverage on QUALCOMM in a research note on Monday, December 9th. They set a “hold” rating and a $180.00 target price for the company. Finally, Melius initiated coverage on QUALCOMM in a research note on Monday, December 9th. They set a “hold” rating and a $180.00 target price for the company. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $205.32.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $161.22 on Monday. The stock has a market capitalization of $178.31 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.01 and a beta of 1.28. The stock’s fifty day simple moving average is $164.76 and its 200 day simple moving average is $165.03. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a 52-week low of $149.43 and a 52-week high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.11%. QUALCOMM’s payout ratio is presently 36.32%.

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.