Pathway Financial Advisers LLC Acquires 588 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Pathway Financial Advisers LLC boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,526 shares of the wireless technology company’s stock after buying an additional 588 shares during the quarter. Pathway Financial Advisers LLC’s holdings in QUALCOMM were worth $2,078,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. CX Institutional grew its position in shares of QUALCOMM by 334.2% in the 3rd quarter. CX Institutional now owns 24,960 shares of the wireless technology company’s stock worth $4,244,000 after buying an additional 19,212 shares during the last quarter. Wesbanco Bank Inc. grew its holdings in QUALCOMM by 0.7% in the third quarter. Wesbanco Bank Inc. now owns 13,590 shares of the wireless technology company’s stock worth $2,311,000 after purchasing an additional 88 shares during the last quarter. Creative Planning increased 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 in the last quarter. Magnus Financial Group LLC lifted its holdings in shares of QUALCOMM by 17.1% during the 3rd quarter. Magnus Financial Group LLC now owns 2,968 shares of the wireless technology company’s stock valued at $505,000 after purchasing an additional 434 shares during the last quarter. Finally, Regatta Capital Group LLC boosted its position in shares of QUALCOMM by 29.7% in the 3rd quarter. Regatta Capital Group LLC now owns 1,867 shares of the wireless technology company’s stock worth $317,000 after purchasing an additional 428 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Performance

QCOM opened at $170.29 on Thursday. The firm’s fifty day simple moving average is $162.64 and its two-hundred day simple moving average is $165.50. QUALCOMM Incorporated has a 52-week low of $148.41 and a 52-week high of $230.63. The company has a market cap of $188.34 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 2.80 and a beta of 1.25. The company has a quick ratio of 1.79, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data 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 return on equity of 39.51% and a net margin of 25.94%. Equities analysts anticipate that QUALCOMM Incorporated will post 9.19 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is 36.32%.

Analysts Set New Price Targets

QCOM has been the topic of several recent analyst reports. Susquehanna reduced their target price on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, November 20th. Barclays reduced their target price on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Piper Sandler reduced their price objective on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Finally, Loop Capital initiated coverage on QUALCOMM in a report on Monday, November 11th. They set a “hold” rating and a $180.00 target price for the company. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.32.

Insider Activity

In related news, CAO Neil Martin sold 1,304 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares of the company’s stock, valued at approximately $14,570. This represents a 93.28 % 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, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total transaction of $509,400.00. Following the completion of the transaction, the chief financial officer now directly owns 63,115 shares in the company, valued at $10,716,927. This trade represents a 4.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,268 shares of company stock worth $7,785,781 over the last three months. Insiders own 0.08% of the company’s stock.

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.