Farther Finance Advisors LLC grew its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,839 shares of the wireless technology company's stock after buying an additional 2,668 shares during the period. Farther Finance Advisors LLC's holdings in QUALCOMM were worth $2,894,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of QCOM. EverSource Wealth Advisors LLC boosted its stake in QUALCOMM by 6.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,507 shares of the wireless technology company's stock worth $1,153,000 after acquiring an additional 485 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in QUALCOMM by 4.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 112,367 shares of the wireless technology company's stock worth $17,262,000 after purchasing an additional 4,560 shares during the period. PFG Advisors raised its holdings in QUALCOMM by 11.5% in the fourth quarter. PFG Advisors now owns 3,993 shares of the wireless technology company's stock worth $613,000 after purchasing an additional 411 shares during the period. HighTower Advisors LLC boosted its position in shares of QUALCOMM by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 1,304,594 shares of the wireless technology company's stock worth $200,412,000 after purchasing an additional 5,588 shares in the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of QUALCOMM by 1.4% in the 4th quarter. Moors & Cabot Inc. now owns 33,177 shares of the wireless technology company's stock valued at $5,097,000 after buying an additional 462 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.
Shares of QUALCOMM stock opened at $152.80 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The firm has a 50-day moving average of $164.74 and a 200-day moving average of $164.70. QUALCOMM Incorporated has a 52-week low of $149.43 and a 52-week high of $230.63. The stock has a market cap of $169.00 billion, a PE ratio of 16.32, a PEG ratio of 2.01 and a beta of 1.28.
QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing the consensus estimate 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, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is currently 36.32%.
In other QUALCOMM news, General Counsel Ann C. Chaplin sold 2,587 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $158.12, for a total transaction of $409,056.44. Following the sale, the general counsel now directly owns 19,739 shares in the company, valued at $3,121,130.68. This represents a 11.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the completion of the transaction, the insider now owns 24,393 shares of the company's stock, valued at $3,762,376.32. The trade was a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,555 shares of company stock worth $5,094,134. Company insiders own 0.08% of the company's stock.
Several research analysts have weighed in on QCOM shares. Melius Research started coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 price target on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Mizuho lowered their price target on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. StockNews.com downgraded QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday. Finally, Benchmark reissued a "buy" rating and issued a $240.00 target price on shares of QUALCOMM in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, QUALCOMM currently has an average rating of "Moderate Buy" and a consensus target price of $205.32.
View Our Latest Research Report on QCOM
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.
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