Lineweaver Wealth Advisors LLC Increases Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Lineweaver Wealth Advisors LLC increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,833 shares of the wireless technology company’s stock after acquiring an additional 256 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in QUALCOMM were worth $743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heritage Investors Management Corp lifted its position in QUALCOMM by 1.5% during the fourth quarter. Heritage Investors Management Corp now owns 25,313 shares of the wireless technology company’s stock valued at $3,889,000 after purchasing an additional 373 shares during the last quarter. SRN Advisors LLC increased its holdings in shares of QUALCOMM by 4.0% in the fourth quarter. SRN Advisors LLC now owns 8,197 shares of the wireless technology company’s stock worth $1,259,000 after buying an additional 315 shares during the period. Whipplewood Advisors LLC purchased a new position in QUALCOMM in the 4th quarter worth approximately $435,000. NewEdge Wealth LLC raised its holdings in QUALCOMM by 2.4% during the 4th quarter. NewEdge Wealth LLC now owns 50,836 shares of the wireless technology company’s stock valued at $7,809,000 after buying an additional 1,188 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in shares of QUALCOMM by 1.2% during the fourth quarter. Checchi Capital Advisers LLC now owns 15,096 shares of the wireless technology company’s stock valued at $2,319,000 after acquiring an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 0.5 %

QCOM stock opened at $162.10 on Thursday. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The business has a 50 day simple moving average of $164.77 and a two-hundred day simple moving average of $165.76. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The company has a market capitalization of $179.28 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 2.01 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results 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%. Research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.10%. QUALCOMM’s dividend payout ratio is currently 36.32%.

Insider Transactions at QUALCOMM

In other news, CAO Neil Martin sold 744 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the transaction, the chief accounting officer now owns 461 shares of the company’s stock, valued at approximately $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $158.12, for a total value of $409,056.44. Following the sale, the general counsel now directly owns 19,739 shares of the company’s stock, valued at $3,121,130.68. This represents a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,708 shares of company stock worth $7,713,734. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

QCOM has been the subject of a number of research analyst reports. Piper Sandler dropped 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. StockNews.com upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st. 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. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, 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 report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and a consensus price target of $205.32.

About QUALCOMM

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.