Wingate Wealth Advisors Inc. Invests $69,000 in QUALCOMM Incorporated (NASDAQ:QCOM)

Wingate Wealth Advisors Inc. purchased a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 451 shares of the wireless technology company’s stock, valued at approximately $69,000.

A number of other large investors have also modified their holdings of QCOM. MBA Advisors LLC lifted its holdings in QUALCOMM by 5.1% in the fourth quarter. MBA Advisors LLC now owns 2,761 shares of the wireless technology company’s stock valued at $424,000 after acquiring an additional 133 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new position in shares of QUALCOMM during the 4th quarter worth approximately $92,000. Ferguson Wellman Capital Management Inc. raised its stake in shares of QUALCOMM by 1.2% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 6,175 shares of the wireless technology company’s stock worth $949,000 after buying an additional 71 shares during the period. Savant Capital LLC raised its stake in shares of QUALCOMM by 1.0% during the 4th quarter. Savant Capital LLC now owns 24,422 shares of the wireless technology company’s stock worth $3,752,000 after buying an additional 235 shares during the period. Finally, Angeles Wealth Management LLC raised its stake in shares of QUALCOMM by 10.6% during the 4th quarter. Angeles Wealth Management LLC now owns 10,795 shares of the wireless technology company’s stock worth $1,658,000 after buying an additional 1,036 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

QCOM opened at $171.36 on Tuesday. The stock’s 50-day moving average price is $162.15 and its 200 day moving average price is $165.55. QUALCOMM Incorporated has a 12-month low of $148.41 and a 12-month high of $230.63. The company has a current ratio of 2.62, a quick ratio of 1.79 and a debt-to-equity ratio of 0.49. The firm has a market cap of $189.52 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.80 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (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, sell-side analysts expect that QUALCOMM Incorporated will post 9.19 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio is currently 36.32%.

Insider Buying and Selling at QUALCOMM

In other news, insider Alexander H. Rogers sold 19,287 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the sale, the insider now owns 20,762 shares of the company’s stock, valued at approximately $3,526,010.46. This trade represents a 48.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,268 shares of company stock valued at $7,276,381 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on QCOM shares. Wells Fargo & Company upped their target price on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. UBS Group upped their target price on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Citigroup dropped 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. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $160.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. One 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 has an average rating of “Moderate Buy” and an average price target of $205.32.

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.