QUALCOMM Incorporated (NASDAQ:QCOM) Stock Holdings Increased by Buckley Wealth Management LLC

Buckley Wealth Management LLC raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 13.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,290 shares of the wireless technology company’s stock after acquiring an additional 869 shares during the period. Buckley Wealth Management LLC’s holdings in QUALCOMM were worth $1,120,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in QCOM. Zions Bancorporation N.A. raised its stake in QUALCOMM by 21.1% during the 3rd quarter. Zions Bancorporation N.A. now owns 5,755 shares of the wireless technology company’s stock valued at $979,000 after acquiring an additional 1,002 shares in the last quarter. Planning Capital Management Corp raised its stake in shares of QUALCOMM by 137.3% in the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock worth $34,000 after buying an additional 114 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of QUALCOMM by 1.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 100,997 shares of the wireless technology company’s stock worth $17,175,000 after buying an additional 1,098 shares in the last quarter. Intellectus Partners LLC raised its stake in shares of QUALCOMM by 11.4% in the 3rd quarter. Intellectus Partners LLC now owns 18,470 shares of the wireless technology company’s stock worth $3,141,000 after buying an additional 1,891 shares in the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of QUALCOMM by 20.9% in the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 202,543 shares of the wireless technology company’s stock worth $34,442,000 after buying an additional 35,000 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In related news, CAO Neil Martin sold 744 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the transaction, the chief accounting officer now owns 461 shares of the company’s stock, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexander H. Rogers sold 19,287 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the transaction, the insider now directly owns 20,762 shares of the company’s stock, valued at $3,526,010.46. This represents a 48.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,555 shares of company stock valued at $5,094,134. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $156.58 on Friday. The business’s 50-day moving average price is $164.68 and its two-hundred day moving average price is $164.52. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM Incorporated has a one year low of $149.43 and a one year high of $230.63. The company has a market capitalization of $173.18 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last announced 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 return on equity of 39.51% and a net margin of 25.94%. Analysts anticipate 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. Investors of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.17%. QUALCOMM’s dividend payout ratio is presently 36.32%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Benchmark reissued a “buy” rating and issued a $240.00 price objective on shares of QUALCOMM in a research note on Friday, February 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. Melius initiated coverage on QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective on the stock. Evercore ISI decreased their target price on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. Finally, Susquehanna decreased their target price on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.32.

QUALCOMM Company 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.