QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Raised by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 68.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,849 shares of the wireless technology company's stock after buying an additional 8,042 shares during the period. QUALCOMM makes up 1.7% of Secured Retirement Advisors LLC's investment portfolio, making the stock its 7th largest holding. Secured Retirement Advisors LLC's holdings in QUALCOMM were worth $3,049,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Reston Wealth Management LLC acquired a new stake in QUALCOMM in the third quarter valued at approximately $26,000. CKW Financial Group bought a new position in shares of QUALCOMM in the 4th quarter worth $27,000. Planning Capital Management Corp grew its position in QUALCOMM by 137.3% in the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock valued at $34,000 after purchasing an additional 114 shares during the period. Accordant Advisory Group Inc bought a new stake in QUALCOMM during the 3rd quarter valued at $36,000. Finally, Synergy Asset Management LLC acquired a new position in QUALCOMM during the fourth quarter worth $38,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM traded up $1.58 during mid-day trading on Wednesday, reaching $175.22. The stock had a trading volume of 6,844,697 shares, compared to its average volume of 7,682,005. The business's 50 day moving average price is $163.70 and its 200 day moving average price is $165.54. QUALCOMM Incorporated has a 1 year low of $148.90 and a 1 year high of $230.63. The company has a market cap of $193.79 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal 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 dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 1.94%. QUALCOMM's payout ratio is currently 36.32%.

Analyst Ratings Changes

Several analysts have recently commented on QCOM shares. Melius Research began coverage on QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 price objective for the company. Cantor Fitzgerald reissued a "neutral" rating and issued a $160.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Loop Capital initiated coverage on shares of QUALCOMM in a report on Monday, November 11th. They issued a "hold" rating and a $180.00 target price for the company. Finally, Barclays cut their price target on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. 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. Based on data from MarketBeat, 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 QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the sale, the insider now owns 20,762 shares in the company, valued at approximately $3,526,010.46. The trade was a 48.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total value of $509,400.00. Following the transaction, the chief financial officer now owns 63,115 shares of the company's stock, valued at $10,716,927. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,268 shares of company stock valued at $7,785,781. Company insiders own 0.08% of the company's stock.

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.