Executive Wealth Management LLC Boosts Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Executive Wealth Management LLC increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 2,905.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,864 shares of the wireless technology company’s stock after purchasing an additional 33,704 shares during the quarter. Executive Wealth Management LLC’s holdings in QUALCOMM were worth $5,328,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Centaurus Financial Inc. raised its stake in QUALCOMM by 0.9% during the fourth quarter. Centaurus Financial Inc. now owns 6,566 shares of the wireless technology company’s stock worth $1,201,000 after acquiring an additional 57 shares during the period. Chase Investment Counsel Corp boosted its position in shares of QUALCOMM by 0.3% during the 4th quarter. Chase Investment Counsel Corp now owns 21,620 shares of the wireless technology company’s stock valued at $3,953,000 after acquiring an additional 58 shares in the last quarter. OLD Second National Bank of Aurora raised its stake in shares of QUALCOMM by 0.3% in the third quarter. OLD Second National Bank of Aurora now owns 21,442 shares of the wireless technology company’s stock worth $2,766,000 after acquiring an additional 60 shares during the last quarter. WealthPLAN Partners LLC grew its position in shares of QUALCOMM by 2.8% during the 3rd quarter. WealthPLAN Partners LLC now owns 2,212 shares of the wireless technology company’s stock worth $406,000 after buying an additional 61 shares during the period. Finally, Hemington Wealth Management boosted its holdings in shares of QUALCOMM by 2.4% in the fourth quarter. Hemington Wealth Management now owns 2,613 shares of the wireless technology company’s stock valued at $398,000 after buying an additional 61 shares during the period. 73.61% of the stock is owned by institutional investors and hedge funds.

Shares of QCOM stock opened at $122.16 on Thursday. The company has a fifty day moving average price of $135.63 and a two-hundred day moving average price of $157.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.61 and a quick ratio of 1.27. The stock has a market cap of $136.82 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.69 and a beta of 1.20. QUALCOMM Incorporated has a one year low of $118.36 and a one year high of $193.58.

QUALCOMM (NASDAQ:QCOMGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The wireless technology company reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.19. The business had revenue of $11.16 billion for the quarter, compared to analyst estimates of $10.58 billion. QUALCOMM had a net margin of 28.42% and a return on equity of 103.73%. During the same period last year, the firm earned $1.59 earnings per share. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 11.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Thursday, June 2nd will be paid a $0.75 dividend. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, June 1st. This represents a $3.00 annualized dividend and a dividend yield of 2.46%. QUALCOMM’s dividend payout ratio is presently 30.71%.

In related news, CAO Erin L. Polek sold 1,521 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $129.95, for a total value of $197,653.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

QCOM has been the subject of a number of research reports. Tigress Financial increased their target price on shares of QUALCOMM from $195.00 to $238.00 in a report on Thursday, May 5th. Susquehanna Bancshares cut their target price on QUALCOMM from $190.00 to $165.00 in a research note on Thursday, April 28th. Mizuho decreased their price objective on QUALCOMM from $185.00 to $168.00 and set a “buy” rating for the company in a report on Tuesday. Morgan Stanley increased their target price on QUALCOMM from $167.00 to $170.00 in a report on Thursday, April 28th. Finally, Barclays dropped their target price on QUALCOMM from $185.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. Nine research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and an average price target of $196.48.

QUALCOMM Company Profile (Get Rating)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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