Patriot Financial Group Insurance Agency LLC Grows Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Patriot Financial Group Insurance Agency LLC lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,760 shares of the wireless technology company's stock after acquiring an additional 3,418 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in QUALCOMM were worth $4,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in QUALCOMM during the third quarter valued at approximately $26,000. CKW Financial Group bought a new stake in QUALCOMM during the fourth quarter valued at approximately $27,000. HWG Holdings LP bought a new stake in QUALCOMM during the second quarter valued at approximately $30,000. Planning Capital Management Corp grew its position in QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock valued at $34,000 after buying an additional 114 shares during the period. Finally, Accordant Advisory Group Inc bought a new stake in QUALCOMM during the third quarter valued at approximately $36,000. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Trading Up 0.0 %

QCOM stock traded up $0.01 during mid-day trading on Tuesday, reaching $171.19. 8,717,934 shares of the stock traded hands, compared to its average volume of 7,699,863. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. QUALCOMM Incorporated has a one year low of $139.26 and a one year high of $230.63. The stock has a market capitalization of $190.19 billion, a PE ratio of 19.04, a PEG ratio of 2.84 and a beta of 1.25. The business has a 50-day moving average price of $159.63 and a two-hundred day moving average price of $167.07.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The business had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $9.90 billion. Equities research analysts expect that QUALCOMM Incorporated will post 9.14 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's payout ratio is presently 37.82%.

Insider Transactions at QUALCOMM

In other news, General Counsel Ann C. Chaplin sold 2,587 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the transaction, the general counsel now directly owns 19,739 shares in the company, valued at approximately $3,121,130.68. This represents a 11.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Alexander H. Rogers sold 10,373 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the transaction, the insider now owns 33,383 shares in the company, valued at approximately $5,360,975.97. The trade was a 23.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,882 shares of company stock worth $4,314,649. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Susquehanna cut their target price on shares of QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a research report on Wednesday, November 20th. Melius initiated coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a "hold" rating and a $180.00 target price for the company. KeyCorp downgraded shares of QUALCOMM from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 8th. Wells Fargo & Company lifted their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a report on Thursday, November 7th. Finally, Morgan Stanley lowered their price target on shares of QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.57.

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.