Golden State Equity Partners Boosts Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Golden State Equity Partners lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1,435.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,032 shares of the wireless technology company's stock after acquiring an additional 12,183 shares during the quarter. Golden State Equity Partners' holdings in QUALCOMM were worth $2,002,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in QCOM. Spire Wealth Management increased its stake in QUALCOMM by 229.8% during the 4th quarter. Spire Wealth Management now owns 45,214 shares of the wireless technology company's stock worth $6,946,000 after buying an additional 31,504 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of QUALCOMM by 4.3% in the fourth quarter. DAVENPORT & Co LLC now owns 72,708 shares of the wireless technology company's stock worth $11,170,000 after acquiring an additional 3,026 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of QUALCOMM by 222.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 101,254 shares of the wireless technology company's stock worth $15,555,000 after purchasing an additional 69,855 shares in the last quarter. Independence Bank of Kentucky raised its stake in QUALCOMM by 109.6% in the 4th quarter. Independence Bank of Kentucky now owns 7,498 shares of the wireless technology company's stock valued at $1,152,000 after purchasing an additional 3,920 shares during the last quarter. Finally, Blossom Wealth Management lifted its holdings in QUALCOMM by 3.7% in the 4th quarter. Blossom Wealth Management now owns 2,646 shares of the wireless technology company's stock valued at $406,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Activity at QUALCOMM

In other news, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the sale, the general counsel now owns 12,007 shares in the company, valued at approximately $1,981,875.42. The trade was a 13.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander H. Rogers sold 10,373 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the sale, the insider now directly owns 33,383 shares of the company's stock, valued at approximately $5,360,975.97. This trade represents a 23.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,882 shares of company stock valued at $4,314,649 over the last three months. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Trading Up 0.6 %

QCOM opened at $172.93 on Friday. The business has a fifty day moving average price of $160.76 and a 200 day moving average price of $166.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The stock has a market capitalization of $192.13 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.85 and a beta of 1.25. QUALCOMM Incorporated has a 12 month low of $139.26 and a 12 month high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.25. The business had revenue of $10.24 billion during the quarter, compared to analysts' expectations of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. Sell-side analysts expect that QUALCOMM Incorporated will post 9.16 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's payout ratio is 37.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on QCOM shares. Barclays dropped their target price on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Morgan Stanley decreased their target price on shares of QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 7th. Melius assumed coverage on QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 price target for the company. Evercore ISI lifted their price objective on QUALCOMM from $190.00 to $199.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.57.

QUALCOMM 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.

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