QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 54.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,041 shares of the wireless technology company's stock after acquiring an additional 7,383 shares during the period. Diversify Wealth Management LLC's holdings in QUALCOMM were worth $3,303,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of QUALCOMM by 11.6% in the second quarter. Pacer Advisors Inc. now owns 177,040 shares of the wireless technology company's stock worth $35,263,000 after buying an additional 18,379 shares during the last quarter. Kowal Investment Group LLC boosted its position in QUALCOMM by 31.4% in the 2nd quarter. Kowal Investment Group LLC now owns 5,002 shares of the wireless technology company's stock worth $996,000 after purchasing an additional 1,195 shares in the last quarter. Profund Advisors LLC grew its stake in shares of QUALCOMM by 6.3% during the 2nd quarter. Profund Advisors LLC now owns 182,012 shares of the wireless technology company's stock worth $36,253,000 after purchasing an additional 10,807 shares during the period. ProShare Advisors LLC increased its holdings in shares of QUALCOMM by 86.7% during the 2nd quarter. ProShare Advisors LLC now owns 2,739,106 shares of the wireless technology company's stock valued at $545,575,000 after purchasing an additional 1,272,191 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its stake in shares of QUALCOMM by 4,438.9% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 21,923 shares of the wireless technology company's stock valued at $4,367,000 after purchasing an additional 21,440 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $161.54, for a total value of $484,620.00. Following the completion of the transaction, the chief financial officer now directly owns 48,778 shares of the company's stock, valued at $7,879,598.12. The trade was a 5.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the transaction, the insider now owns 33,383 shares of the company's stock, valued at $5,360,975.97. This trade represents a 23.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,882 shares of company stock worth $4,314,649 over the last three months. Insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley cut their price objective on shares of QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating for the company in a report on Thursday, November 7th. UBS Group lifted their price target on QUALCOMM from $185.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Citigroup reduced their price target on QUALCOMM from $200.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, October 16th. Barclays dropped their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Benchmark reiterated a "buy" rating and set a $240.00 target price on shares of QUALCOMM in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.57.

QUALCOMM Trading Up 1.9 %

Shares of NASDAQ QCOM traded up $3.13 during midday trading on Monday, reaching $164.56. 8,063,912 shares of the stock were exchanged, compared to its average volume of 6,526,932. QUALCOMM Incorporated has a twelve month low of $139.26 and a twelve month high of $230.63. The stock has a market capitalization of $182.83 billion, a P/E ratio of 18.30, a PEG ratio of 2.63 and a beta of 1.25. The company has a 50 day simple moving average of $158.85 and a 200 day simple moving average of $168.57. 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 (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.25. The company had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.09 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 2.07%. QUALCOMM's dividend payout ratio (DPR) is presently 37.82%.

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.