2 weeks Ago By Defense World Staff
Sunbelt Securities Inc. cut its stake in shares of QUALCOMM Incorporated ( NASDAQ:QCOM – Free Report ) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 14,962 shares of the wireless technology company’s stock after selling 715 shares during the quarter. Sunbelt Securities Inc.’s holdings in QUALCOMM were worth $2,980,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM in the 1st quarter valued at about $27,000. Financial Connections Group Inc.
acquired a new stake in QUALCOMM in the second quarter valued at approximately $32,000. Aspect Partners LLC increased its holdings in shares of QUALCOMM by 71.8% during the second quarter.
Aspect Partners LLC now owns 177 shares of the wireless technology company’s stock valued at $35,000 after acquiring an additional 74 shares in the last quarter. McClarren Financial Advisors Inc. raised its position in shares of QUALCOMM by 43.
2% during the second quarter. McClarren Financial Advisors Inc. now owns 199 shares of the wireless technology company’s stock worth $40,000 after purchasing an additional 60 shares during the period.
Finally, First Pacific Financial bought a new position in shares of QUALCOMM in the 2nd quarter worth $40,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.
QUALCOMM Trading Down 1.5 % Shares of QCOM stock opened at $170.13 on Monday.
The company has a quick ratio of 1.78, a current ratio of 2.39 and a debt-to-equity ratio of 0.
53. The firm has a market cap of $189.52 billion, a P/E ratio of 22.
87, a PEG ratio of 1.83 and a beta of 1.28.
The company has a 50 day moving average of $169.66 and a 200-day moving average of $182.14.
QUALCOMM Incorporated has a 12-month low of $104.33 and a 12-month high of $230.63.
QUALCOMM Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were given a dividend of $0.85 per share.
The ex-dividend date was Thursday, September 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.
00%. QUALCOMM’s dividend payout ratio is presently 45.70%.
Wall Street Analysts Forecast Growth A number of brokerages have commented on QCOM. Cantor Fitzgerald restated a “neutral” rating and set a $215.00 price objective on shares of QUALCOMM in a report on Thursday, August 1st.
Susquehanna upped their target price on shares of QUALCOMM from $205.00 to $250.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th.
Wolfe Research cut shares of QUALCOMM from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. TD Cowen raised QUALCOMM to a “strong-buy” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on QUALCOMM from $155.
00 to $170.00 and gave the company a “hold” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock.
According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $211.67.
View Our Latest Analysis on QCOM Insider Transactions at QUALCOMM In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $205.
61, for a total transaction of $616,830.00. Following the sale, the chief financial officer now directly owns 60,343 shares in the company, valued at approximately $12,407,124.
23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . In other QUALCOMM news, CTO James H.
Thompson sold 8,000 shares of QUALCOMM stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $160.50, for a total transaction of $1,284,000.
00. Following the completion of the transaction, the chief technology officer now owns 229,987 shares of the company’s stock, valued at approximately $36,912,913.50.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link . Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction dated Friday, July 5th.
The stock was sold at an average price of $205.61, for a total transaction of $616,830.00.
Following the completion of the sale, the chief financial officer now directly owns 60,343 shares in the company, valued at $12,407,124.23. The disclosure for this sale can be found here .
Corporate insiders own 0.08% of the company’s stock. QUALCOMM Company Profile ( Free Report ) 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. Featured Articles Five stocks we like better than QUALCOMM How to Calculate Retirement Income: MarketBeat’s Calculator Simon Property REIT: A Safe Bet for Growth and Steady Dividends 3 Grocery Stocks That Can Help Take a Bite Out of Inflation CarMax’s Impressive Rally: What Investors Should Watch Next Investing in Travel Stocks Benefits MarketBeat Week in Review – 9/23 – 9/27 Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.
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