QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by PDS Planning Inc

PDS Planning Inc raised its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,110 shares of the wireless technology company’s stock after purchasing an additional 64 shares during the period. PDS Planning Inc’s holdings in QUALCOMM were worth $631,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Axxcess Wealth Management LLC grew its holdings in QUALCOMM by 12.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 33,716 shares of the wireless technology company’s stock valued at $5,180,000 after purchasing an additional 3,626 shares during the last quarter. Argent Advisors Inc. grew its holdings in QUALCOMM by 1.5% in the fourth quarter. Argent Advisors Inc. now owns 16,928 shares of the wireless technology company’s stock valued at $2,600,000 after purchasing an additional 250 shares during the last quarter. Tocqueville Asset Management L.P. grew its holdings in QUALCOMM by 0.7% in the fourth quarter. Tocqueville Asset Management L.P. now owns 587,512 shares of the wireless technology company’s stock valued at $90,254,000 after purchasing an additional 4,365 shares during the last quarter. Curio Wealth LLC acquired a new stake in QUALCOMM in the fourth quarter valued at $61,000. Finally, Cassady Schiller Wealth Management LLC grew its holdings in QUALCOMM by 15.8% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 477 shares of the wireless technology company’s stock valued at $73,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In related 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 directly owns 20,762 shares in the company, valued at approximately $3,526,010.46. This trade represents a 48.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total value of $509,400.00. Following the sale, the chief financial officer now owns 63,115 shares in the company, valued at approximately $10,716,927. The trade was a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,968 shares of company stock worth $4,685,077. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Performance

QUALCOMM stock opened at $156.29 on Wednesday. The stock’s 50-day moving average is $164.56 and its 200-day moving average is $164.19. The company has a market cap of $172.86 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. 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 12 month low of $149.43 and a 12 month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. Equities analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.18%. QUALCOMM’s payout ratio is currently 36.32%.

Analyst Ratings Changes

QCOM has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. Melius Research initiated coverage on QUALCOMM in a research note on Monday, December 9th. They set a “hold” rating and a $180.00 price objective on the stock. Barclays decreased their price objective on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Piper Sandler decreased their price objective on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Susquehanna decreased their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $205.32.

QUALCOMM 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.