Bartlett & CO. Wealth Management LLC Has $61.28 Million Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Bartlett & CO. Wealth Management LLC lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 398,879 shares of the wireless technology company’s stock after purchasing an additional 11,690 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in QUALCOMM were worth $61,276,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Sharp Financial Services LLC lifted its holdings in shares of QUALCOMM by 11.7% in the fourth quarter. Sharp Financial Services LLC now owns 6,097 shares of the wireless technology company’s stock valued at $937,000 after purchasing an additional 638 shares in the last quarter. Daymark Wealth Partners LLC raised its position in QUALCOMM by 1.7% in the 4th quarter. Daymark Wealth Partners LLC now owns 126,159 shares of the wireless technology company’s stock valued at $19,381,000 after buying an additional 2,120 shares during the last quarter. Advisory Alpha LLC lifted its stake in QUALCOMM by 9.6% in the 4th quarter. Advisory Alpha LLC now owns 4,328 shares of the wireless technology company’s stock valued at $665,000 after acquiring an additional 378 shares in the last quarter. Missouri Trust & Investment Co boosted its position in QUALCOMM by 3.7% during the 4th quarter. Missouri Trust & Investment Co now owns 3,221 shares of the wireless technology company’s stock worth $495,000 after acquiring an additional 114 shares during the last quarter. Finally, XML Financial LLC grew its stake in shares of QUALCOMM by 0.5% during the 4th quarter. XML Financial LLC now owns 77,129 shares of the wireless technology company’s stock worth $11,849,000 after acquiring an additional 385 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of research reports. Morgan Stanley cut their price objective on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Melius initiated coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price target on the stock. Melius Research assumed coverage on QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. Wells Fargo & Company upped their target price on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Finally, Citigroup reduced their price target on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $206.57.

QUALCOMM Price Performance

Shares of QUALCOMM stock opened at $170.24 on Thursday. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $189.14 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 2.79 and a beta of 1.25. QUALCOMM Incorporated has a twelve month low of $139.26 and a twelve month high of $230.63. The company has a 50-day simple moving average of $158.86 and a two-hundred day simple moving average of $168.02.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. Analysts forecast that QUALCOMM Incorporated will post 9.12 EPS for the current year.

QUALCOMM Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is currently 37.82%.

Insider Buying and Selling

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the sale, the general counsel now owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This trade represents a 13.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the transaction, the insider now owns 33,383 shares in the company, valued at approximately $5,360,975.97. The trade was a 23.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,882 shares of company stock worth $4,314,649. Company insiders own 0.08% of the company’s stock.

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.