Personal CFO Solutions LLC Increases Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Personal CFO Solutions LLC boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 38.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,570 shares of the wireless technology company's stock after buying an additional 2,648 shares during the quarter. Personal CFO Solutions LLC's holdings in QUALCOMM were worth $1,470,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Atlantic Union Bankshares Corp increased its holdings in QUALCOMM by 0.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 95,051 shares of the wireless technology company's stock valued at $14,602,000 after buying an additional 875 shares during the period. Amundi increased its holdings in QUALCOMM by 36.6% during the fourth quarter. Amundi now owns 14,579,529 shares of the wireless technology company's stock valued at $2,313,634,000 after buying an additional 3,905,918 shares during the period. Dorsey & Whitney Trust CO LLC increased its holdings in QUALCOMM by 5.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 127,564 shares of the wireless technology company's stock valued at $19,596,000 after buying an additional 6,489 shares during the period. Naviter Wealth LLC increased its holdings in QUALCOMM by 21.8% during the fourth quarter. Naviter Wealth LLC now owns 13,019 shares of the wireless technology company's stock valued at $2,000,000 after buying an additional 2,328 shares during the period. Finally, Capital Management Corp VA increased its holdings in QUALCOMM by 27.2% during the fourth quarter. Capital Management Corp VA now owns 109,953 shares of the wireless technology company's stock valued at $16,891,000 after buying an additional 23,514 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have weighed in on QCOM shares. Melius started coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 target price for the company. Loop Capital started coverage on shares of QUALCOMM in a research note on Monday, November 11th. They issued a "hold" rating and a $180.00 target price for the company. StockNews.com upgraded shares of QUALCOMM from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. Mizuho lowered their target price on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Finally, Evercore ISI lowered their target price on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, QUALCOMM currently has an average rating of "Moderate Buy" and a consensus target price of $205.32.

QUALCOMM Stock Performance

QCOM traded up $5.18 on Friday, reaching $161.22. The stock had a trading volume of 8,725,530 shares, compared to its average volume of 8,297,443. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The business's 50-day moving average price is $164.76 and its two-hundred day moving average price is $165.03. The company has a market cap of $178.31 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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%. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.11%. QUALCOMM's payout ratio is 36.32%.

Insider Buying and Selling at QUALCOMM

In other news, General Counsel Ann C. Chaplin sold 2,587 shares of the business's 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 completion of the sale, the general counsel now owns 19,739 shares of the company's stock, valued at $3,121,130.68. The trade was a 11.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander H. Rogers sold 10,373 shares of the business's 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 sale, the insider now directly owns 33,383 shares of the company's stock, valued at $5,360,975.97. This represents a 23.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,045 shares of company stock valued at $7,752,423. Corporate insiders own 0.08% of the company's stock.

About QUALCOMM

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.