QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Lifted by MV Capital Management Inc.

MV Capital Management Inc. grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,813 shares of the wireless technology company’s stock after buying an additional 243 shares during the period. MV Capital Management Inc.’s holdings in QUALCOMM were worth $2,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. CreativeOne Wealth LLC grew its position in QUALCOMM by 36.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 7,714 shares of the wireless technology company’s stock valued at $1,312,000 after buying an additional 2,056 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of QUALCOMM by 11.8% in the third quarter. Public Sector Pension Investment Board now owns 48,277 shares of the wireless technology company’s stock valued at $8,210,000 after acquiring an additional 5,100 shares in the last quarter. Providence Wealth Advisors LLC increased its stake in shares of QUALCOMM by 3.3% during the third quarter. Providence Wealth Advisors LLC now owns 8,705 shares of the wireless technology company’s stock valued at $1,468,000 after acquiring an additional 280 shares during the period. Icon Wealth Advisors LLC raised its holdings in QUALCOMM by 1.7% during the third quarter. Icon Wealth Advisors LLC now owns 15,123 shares of the wireless technology company’s stock worth $2,572,000 after purchasing an additional 252 shares in the last quarter. Finally, Atlantic Union Bankshares Corp lifted its position in QUALCOMM by 1.3% in the third quarter. Atlantic Union Bankshares Corp now owns 94,176 shares of the wireless technology company’s stock worth $16,015,000 after purchasing an additional 1,207 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total value of $246,784.00. Following the sale, the insider now owns 24,393 shares of the company’s stock, valued at $3,762,376.32. This trade represents a 6.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 744 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the transaction, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. This trade represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,968 shares of company stock worth $4,685,077. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

QCOM has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research report on Friday, February 7th. Melius Research assumed coverage on QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 target price on the stock. Melius initiated coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price target for the company. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, Barclays cut their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $205.32.

QUALCOMM Price Performance

Shares of QCOM opened at $152.72 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The firm has a market cap of $168.91 billion, a PE ratio of 16.32, a PEG ratio of 2.01 and a beta of 1.28. The firm’s 50 day moving average price is $164.16 and its 200 day moving average price is $163.82. QUALCOMM Incorporated has a twelve month low of $149.43 and a twelve month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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, research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, March 6th. QUALCOMM’s payout ratio is 36.32%.

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.