Kestra Investment Management LLC Purchases 1,483 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Kestra Investment Management LLC increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 32.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,038 shares of the wireless technology company’s stock after buying an additional 1,483 shares during the period. Kestra Investment Management LLC’s holdings in QUALCOMM were worth $928,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of QCOM. Northwest Investment Counselors LLC bought a new stake in shares of QUALCOMM during the 3rd quarter worth $116,000. Raleigh Capital Management Inc. boosted its holdings in shares of QUALCOMM by 5.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 5,020 shares of the wireless technology company’s stock worth $854,000 after buying an additional 247 shares during the period. Waterway Wealth Management LLC boosted its holdings in shares of QUALCOMM by 2.9% during the 3rd quarter. Waterway Wealth Management LLC now owns 4,150 shares of the wireless technology company’s stock worth $706,000 after buying an additional 117 shares during the period. Townsend Asset Management Corp NC ADV boosted its holdings in shares of QUALCOMM by 4.0% during the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 67,742 shares of the wireless technology company’s stock worth $11,519,000 after buying an additional 2,596 shares during the period. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of QUALCOMM by 28.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 13,582 shares of the wireless technology company’s stock worth $2,310,000 after buying an additional 3,023 shares during the period. 74.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

QCOM has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. UBS Group upped their target price on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Loop Capital initiated coverage on shares of QUALCOMM in a research note on Monday, November 11th. They set a “hold” rating and a $180.00 target price for the company. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $160.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.32.

QUALCOMM Stock Up 0.8 %

Shares of NASDAQ:QCOM opened at $173.64 on Wednesday. QUALCOMM Incorporated has a 12 month low of $148.90 and a 12 month high of $230.63. The company’s 50-day moving average price is $163.70 and its two-hundred day moving average price is $165.54. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The firm has a market cap of $192.05 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.99 and a beta of 1.25.

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

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 yield of 1.96%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio is currently 36.32%.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares of the company’s stock, valued at approximately $14,570. This trade represents a 93.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander H. Rogers sold 19,287 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the transaction, the insider now directly owns 20,762 shares in the company, valued at $3,526,010.46. This trade represents a 48.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,268 shares of company stock valued at $7,785,781 in the last 90 days. 0.08% of the stock is currently owned by insiders.

QUALCOMM Company 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.