Allen Mooney & Barnes Investment Advisors LLC Buys 98 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,774 shares of the wireless technology company’s stock after acquiring an additional 98 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in QUALCOMM were worth $401,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. DHJJ Financial Advisors Ltd. purchased a new stake in shares of QUALCOMM in the third quarter valued at about $26,000. Financial Gravity Asset Management Inc. raised its holdings in shares of QUALCOMM by 102.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 122 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of QUALCOMM in the first quarter valued at about $26,000. Pacifica Partners Inc. grew its position in QUALCOMM by 150.0% during the third quarter. Pacifica Partners Inc. now owns 250 shares of the wireless technology company’s stock valued at $27,000 after buying an additional 150 shares during the period. Finally, Legacy Financial Group LLC bought a new position in QUALCOMM during the third quarter valued at about $29,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling

In related news, insider James J. Cathey sold 1,000 shares of QUALCOMM stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $139.00, for a total value of $139,000.00. Following the transaction, the insider now directly owns 4,972 shares of the company’s stock, valued at $691,108. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the sale, the chief executive officer now owns 32,400 shares in the company, valued at approximately $4,843,800. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James J. Cathey sold 1,000 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $139.00, for a total transaction of $139,000.00. Following the sale, the insider now owns 4,972 shares in the company, valued at approximately $691,108. The disclosure for this sale can be found here. Insiders have sold a total of 34,360 shares of company stock valued at $5,457,048 over the last three months. 0.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on QCOM shares. Mizuho increased their price target on shares of QUALCOMM from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Citigroup lowered shares of QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 price target for the company. in a research report on Thursday, February 1st. Rosenblatt Securities increased their target price on shares of QUALCOMM from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Barclays increased their target price on shares of QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Finally, StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.71.

Get Our Latest Analysis on QCOM

QUALCOMM Trading Up 1.4 %

QCOM stock opened at $171.72 on Tuesday. The company has a market capitalization of $191.64 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.41. QUALCOMM Incorporated has a one year low of $101.47 and a one year high of $177.59. The company’s 50 day moving average price is $158.47 and its two-hundred day moving average price is $136.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56.

QUALCOMM (NASDAQ:QCOMGet Free Report) last issued its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.90 by $0.43. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.50 billion. As a group, analysts predict that QUALCOMM Incorporated will post 7.67 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Wednesday, February 28th. QUALCOMM’s payout ratio is 46.38%.

QUALCOMM Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM Incorporated (NASDAQ:QCOMFree Report).

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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