OneAscent Financial Services LLC Increases Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

OneAscent Financial Services LLC grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 80.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,477 shares of the wireless technology company's stock after purchasing an additional 1,998 shares during the quarter. OneAscent Financial Services LLC's holdings in QUALCOMM were worth $688,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new position in QUALCOMM in the fourth quarter worth $26,000. CKW Financial Group bought a new position in QUALCOMM during the fourth quarter worth about $27,000. Centricity Wealth Management LLC acquired a new position in QUALCOMM during the fourth quarter valued at approximately $29,000. CoreFirst Bank & Trust bought a new stake in shares of QUALCOMM in the 4th quarter valued at $33,000. Finally, Synergy Asset Management LLC acquired a new stake in QUALCOMM during the 4th quarter worth $38,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Price Performance

QCOM traded down $14.66 during trading on Thursday, reaching $139.42. 16,453,352 shares of the company were exchanged, compared to its average volume of 8,631,237. QUALCOMM Incorporated has a 12-month low of $138.58 and a 12-month high of $230.63. The company's 50-day moving average is $162.63 and its two-hundred day moving average is $163.40. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The company has a market cap of $154.20 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 2.01 and a beta of 1.28.

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QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data 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 net margin of 25.94% and a return on equity of 39.51%. Research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a $0.85 dividend. The ex-dividend date was Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.44%. QUALCOMM's dividend payout ratio is currently 36.32%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on QCOM. Benchmark reaffirmed a "buy" rating and set a $240.00 price objective on shares of QUALCOMM in a research report on Friday, February 7th. Cantor Fitzgerald reissued a "neutral" rating and issued a $160.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. Melius initiated coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a "hold" rating and a $180.00 price target on the stock. Melius Research started coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 price target for the company. Finally, Piper Sandler decreased their target price on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.32.

Insider Buying and Selling at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the transaction, the insider now directly owns 24,393 shares in the company, valued at approximately $3,762,376.32. This represents a 6.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $130,073.52. Following the completion of the sale, the chief accounting officer now directly owns 461 shares of the company's stock, valued at approximately $80,596.63. This represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,968 shares of company stock valued at $4,685,077 in the last 90 days. Corporate insiders own 0.08% of the company's stock.

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.