QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,602 shares of the wireless technology company’s stock after acquiring an additional 293 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in QUALCOMM were worth $1,293,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of QCOM. OneAscent Financial Services LLC grew its stake in QUALCOMM by 125.9% in the 1st quarter. OneAscent Financial Services LLC now owns 5,019 shares of the wireless technology company’s stock valued at $850,000 after acquiring an additional 2,797 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of QUALCOMM by 25.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,072 shares of the wireless technology company’s stock valued at $2,044,000 after purchasing an additional 2,457 shares during the period. Vicus Capital increased its stake in shares of QUALCOMM by 9.9% during the first quarter. Vicus Capital now owns 1,605 shares of the wireless technology company’s stock worth $272,000 after purchasing an additional 144 shares in the last quarter. Brown Miller Wealth Management LLC raised its position in shares of QUALCOMM by 1.7% during the 1st quarter. Brown Miller Wealth Management LLC now owns 19,809 shares of the wireless technology company’s stock worth $3,353,000 after purchasing an additional 336 shares during the last quarter. Finally, Fox Hill Wealth Management lifted its stake in QUALCOMM by 6.4% in the 1st quarter. Fox Hill Wealth Management now owns 1,675 shares of the wireless technology company’s stock valued at $284,000 after buying an additional 101 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Trading Up 1.3 %

NASDAQ QCOM opened at $170.27 on Friday. QUALCOMM Incorporated has a 12 month low of $104.33 and a 12 month high of $230.63. The stock has a market capitalization of $189.68 billion, a P/E ratio of 22.06, a PEG ratio of 1.74 and a beta of 1.28. The firm’s 50-day moving average is $169.19 and its two-hundred day moving average is $182.05. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.21. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. The firm had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.23 billion. On average, sell-side analysts anticipate that QUALCOMM Incorporated will post 8.02 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.85 dividend. The ex-dividend date is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.00%. QUALCOMM’s payout ratio is presently 44.04%.

Analysts Set New Price Targets

Several research firms have commented on QCOM. Susquehanna cut their price objective on QUALCOMM from $250.00 to $230.00 and set a “positive” rating for the company in a research note on Monday, October 21st. DZ Bank upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a research report on Friday, August 2nd. Robert W. Baird raised their price objective on QUALCOMM from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and an average price target of $207.92.

Insider Activity at QUALCOMM

In related news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the completion of the transaction, the chief technology officer now directly owns 213,364 shares in the company, valued at $36,229,207.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the sale, the chief financial officer now owns 51,437 shares of the company’s stock, valued at approximately $8,535,970.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total value of $1,358,400.00. Following the completion of the sale, the chief technology officer now owns 213,364 shares in the company, valued at approximately $36,229,207.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,245 shares of company stock worth $3,679,407. 0.08% of the stock is currently owned by company 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.