QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Blue Barn Wealth LLC

Blue Barn Wealth LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 8.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,385 shares of the wireless technology company’s stock after purchasing an additional 329 shares during the quarter. Blue Barn Wealth LLC’s holdings in QUALCOMM were worth $674,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in QCOM. Brighton Jones LLC grew its position in shares of QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC grew its position in QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after purchasing an additional 340 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in QUALCOMM during the 4th quarter worth $55,000. APG Asset Management US Inc. increased its stake in QUALCOMM by 2.9% in the fourth quarter. APG Asset Management US Inc. now owns 35,068 shares of the wireless technology company’s stock valued at $5,387,000 after purchasing an additional 992 shares during the period. Finally, One Degree Advisors Inc raised its holdings in shares of QUALCOMM by 4.4% in the fourth quarter. One Degree Advisors Inc now owns 2,348 shares of the wireless technology company’s stock valued at $361,000 after buying an additional 99 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on QCOM shares. Evercore ISI lowered their price target on QUALCOMM from $179.00 to $157.00 and set an “in-line” rating on the stock in a report on Friday, May 2nd. Susquehanna lowered their target price on QUALCOMM from $210.00 to $190.00 and set a “positive” rating on the stock in a research note on Thursday, May 1st. Seaport Res Ptn raised QUALCOMM to a “hold” rating in a report on Friday, May 9th. Wells Fargo & Company decreased their price target on QUALCOMM from $175.00 to $140.00 and set an “underweight” rating for the company in a report on Thursday, May 1st. Finally, Loop Capital lowered their price objective on shares of QUALCOMM from $180.00 to $155.00 and set a “hold” rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, QUALCOMM currently has a consensus rating of “Hold” and a consensus price target of $181.10.

QUALCOMM Trading Down 0.6%

NASDAQ QCOM opened at $145.84 on Thursday. The stock has a market cap of $157.36 billion, a P/E ratio of 14.06, a PEG ratio of 2.14 and a beta of 1.23. The company’s fifty day simple moving average is $155.08 and its 200-day simple moving average is $154.58. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 EPS. Equities research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, September 4th. QUALCOMM’s dividend payout ratio (DPR) is 34.33%.

Insider Buying and Selling at QUALCOMM

In related news, major shareholder Inc/De Qualcomm sold 412,500 shares of the company’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $6,600,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $148.10, for a total transaction of $493,617.30. Following the transaction, the chief financial officer owned 43,207 shares in the company, valued at $6,398,956.70. This trade represents a 7.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 424,099 shares of company stock worth $8,352,355 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

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.