Sheaff Brock Investment Advisors LLC Boosts Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Sheaff Brock Investment Advisors LLC grew its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.4% during the 4th quarter, HoldingsChannel reports. The fund owned 68,175 shares of the wireless technology company’s stock after purchasing an additional 298 shares during the period. QUALCOMM comprises about 0.9% of Sheaff Brock Investment Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Sheaff Brock Investment Advisors LLC’s holdings in QUALCOMM were worth $10,473,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Creative Planning lifted its position in shares of QUALCOMM by 0.5% during the third quarter. Creative Planning now owns 403,811 shares of the wireless technology company’s stock worth $68,147,000 after purchasing an additional 2,086 shares during the last quarter. Good Life Advisors LLC lifted its holdings in QUALCOMM by 29.8% during the 3rd quarter. Good Life Advisors LLC now owns 3,190 shares of the wireless technology company’s stock valued at $542,000 after buying an additional 733 shares in the last quarter. Trust Co. of Vermont lifted its holdings in QUALCOMM by 7.0% during the 3rd quarter. Trust Co. of Vermont now owns 9,433 shares of the wireless technology company’s stock valued at $1,604,000 after buying an additional 614 shares in the last quarter. Onyx Bridge Wealth Group LLC boosted its position in QUALCOMM by 5.6% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 3,472 shares of the wireless technology company’s stock valued at $590,000 after buying an additional 184 shares during the period. Finally, RFG Advisory LLC grew its stake in QUALCOMM by 7.9% in the 3rd quarter. RFG Advisory LLC now owns 20,407 shares of the wireless technology company’s stock worth $3,470,000 after acquiring an additional 1,486 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 0.0 %

Shares of QUALCOMM stock opened at $172.23 on Friday. QUALCOMM Incorporated has a 12-month low of $148.90 and a 12-month high of $230.63. The firm’s 50 day simple moving average is $163.13 and its two-hundred day simple moving average is $165.50. 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 capitalization of $190.49 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.80 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results 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 return on equity of 39.51% and a net margin of 25.94%. Analysts predict that QUALCOMM Incorporated will post 9.19 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 1.97%. QUALCOMM’s dividend payout ratio is currently 36.32%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on QCOM. Sanford C. Bernstein boosted their price target on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Evercore ISI lowered their target price on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Loop Capital began coverage on QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 price target on the stock. Morgan Stanley decreased their price objective on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Finally, Susquehanna dropped their target price on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.32.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $161.54, for a total transaction of $484,620.00. Following the sale, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at $7,879,598.12. This trade represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,268 shares of company stock worth $7,785,781. 0.08% of the stock is owned by company insiders.

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.