Wayfinding Financial LLC Makes New $376,000 Investment in QUALCOMM Incorporated (NASDAQ:QCOM)

Wayfinding Financial LLC purchased a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,453 shares of the wireless technology company's stock, valued at approximately $376,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QCOM. Lee Danner & Bass Inc. bought a new position in QUALCOMM during the fourth quarter worth $268,000. Independent Solutions Wealth Management LLC raised its holdings in shares of QUALCOMM by 5.5% during the fourth quarter. Independent Solutions Wealth Management LLC now owns 14,064 shares of the wireless technology company's stock valued at $2,161,000 after purchasing an additional 737 shares during the period. Antonelli Financial Advisors LLC bought a new position in shares of QUALCOMM during the 4th quarter worth about $251,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of QUALCOMM by 8.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 21,973 shares of the wireless technology company's stock valued at $3,375,000 after buying an additional 1,701 shares during the period. Finally, OLD Point Trust & Financial Services N A increased its position in QUALCOMM by 10.3% in the 4th quarter. OLD Point Trust & Financial Services N A now owns 2,136 shares of the wireless technology company's stock valued at $328,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Buying and Selling at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction 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. The trade was a 6.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the insider now directly owns 20,762 shares in the company, valued at approximately $3,526,010.46. This represents a 48.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,968 shares of company stock valued at $4,685,077 in the last three months. Company insiders own 0.08% of the company's stock.

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QUALCOMM Stock Performance

Shares of QCOM traded up $0.07 during trading hours on Tuesday, hitting $160.15. The company's stock had a trading volume of 3,975,554 shares, compared to its average volume of 8,237,994. The company has a market cap of $177.13 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The business has a 50 day simple moving average of $164.59 and a two-hundred day simple moving average of $163.96. QUALCOMM Incorporated has a 52-week low of $149.43 and a 52-week high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its 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 net margin of 25.94% and a return on equity of 39.51%. On average, equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company 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 2.12%. The ex-dividend date is Thursday, March 6th. QUALCOMM's payout ratio is 36.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Melius initiated coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 price objective on the stock. Piper Sandler dropped their price target on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Barclays decreased their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Rosenblatt Securities restated a "buy" rating and issued a $250.00 target price on shares of QUALCOMM in a report on Thursday, February 6th. Finally, Melius Research began coverage on QUALCOMM in a research report on Monday, December 9th. They set a "hold" rating and a $180.00 target price on the stock. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.32.

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.