Sequoia Financial Advisors LLC Increases Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Sequoia Financial Advisors LLC grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,367 shares of the wireless technology company's stock after acquiring an additional 4,560 shares during the quarter. Sequoia Financial Advisors LLC's holdings in QUALCOMM were worth $17,262,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of QCOM. PFG Advisors raised its stake in QUALCOMM by 11.5% in the fourth quarter. PFG Advisors now owns 3,993 shares of the wireless technology company's stock valued at $613,000 after purchasing an additional 411 shares in the last quarter. HighTower Advisors LLC raised its stake in QUALCOMM by 0.4% in the fourth quarter. HighTower Advisors LLC now owns 1,304,594 shares of the wireless technology company's stock valued at $200,412,000 after purchasing an additional 5,588 shares in the last quarter. Moors & Cabot Inc. raised its stake in QUALCOMM by 1.4% in the fourth quarter. Moors & Cabot Inc. now owns 33,177 shares of the wireless technology company's stock valued at $5,097,000 after purchasing an additional 462 shares in the last quarter. Natural Investments LLC acquired a new position in QUALCOMM in the fourth quarter valued at about $399,000. Finally, GC Wealth Management RIA LLC raised its stake in QUALCOMM by 34.7% in the fourth quarter. GC Wealth Management RIA LLC now owns 10,370 shares of the wireless technology company's stock valued at $1,593,000 after purchasing an additional 2,672 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

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Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of analyst reports. Melius initiated coverage on QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 price target for the company. Cantor Fitzgerald reissued a "neutral" rating and set a $160.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. Barclays lowered their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Mizuho lowered their target price on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Finally, Piper Sandler lowered their target price on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $205.32.

Insider Transactions at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on 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 sale, the insider now directly owns 24,393 shares of the company's stock, valued at approximately $3,762,376.32. This represents a 6.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alexander H. Rogers sold 19,287 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the sale, the insider now directly owns 20,762 shares of the company's stock, valued at $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,555 shares of company stock valued at $5,094,134 over the last ninety days. 0.08% of the stock is owned by company insiders.

QUALCOMM Trading Down 0.6 %

Shares of QUALCOMM stock traded down $0.86 on Thursday, reaching $151.94. 5,834,592 shares of the company's stock were exchanged, compared to its average volume of 8,293,324. The company has a market capitalization of $168.05 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 52 week low of $149.43 and a 52 week high of $230.63. The firm's 50-day moving average is $164.70 and its two-hundred day moving average is $164.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's payout ratio is 36.32%.

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.