QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,566 shares of the wireless technology company’s stock after buying an additional 557 shares during the period. Integral Investment Advisors Inc.’s holdings in QUALCOMM were worth $1,316,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC grew its holdings in QUALCOMM by 4.0% in the third quarter. Mount Yale Investment Advisors LLC now owns 7,602 shares of the wireless technology company’s stock valued at $1,293,000 after purchasing an additional 293 shares during the period. BayBridge Capital Group LLC boosted its stake in shares of QUALCOMM by 2.3% in the third quarter. BayBridge Capital Group LLC now owns 7,928 shares of the wireless technology company’s stock valued at $1,348,000 after purchasing an additional 175 shares during the period. Trueblood Wealth Management LLC increased its position in shares of QUALCOMM by 3.0% during the third quarter. Trueblood Wealth Management LLC now owns 10,676 shares of the wireless technology company’s stock worth $1,815,000 after acquiring an additional 315 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in shares of QUALCOMM by 2.0% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 4,620 shares of the wireless technology company’s stock valued at $786,000 after buying an additional 91 shares during the last quarter. Finally, Country Club Bank increased its position in shares of QUALCOMM by 1.9% in the 3rd quarter. Country Club Bank now owns 6,760 shares of the wireless technology company’s stock worth $1,150,000 after purchasing an additional 123 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Trading Down 4.8 %

Shares of NASDAQ:QCOM opened at $165.43 on Friday. QUALCOMM Incorporated has a 52 week low of $149.43 and a 52 week high of $230.63. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The company has a market cap of $182.97 billion, a PE ratio of 17.67, a P/E/G ratio of 2.01 and a beta of 1.25. The company’s 50 day moving average is $164.46 and its two-hundred day moving average is $165.77.

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

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.06%. QUALCOMM’s dividend payout ratio (DPR) is 36.32%.

Analyst Ratings Changes

Several research analysts have recently issued reports on QCOM shares. Piper Sandler decreased their price target on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their price target on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Melius began coverage on QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 target price for the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $205.32.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’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 transaction, the chief financial officer now owns 48,778 shares in the company, valued at $7,879,598.12. The trade was a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of the firm’s stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,708 shares of company stock valued at $7,713,734 over the last ninety days. Corporate 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.