QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Brighton Jones LLC

Brighton Jones LLC increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 116.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,356 shares of the wireless technology company’s stock after purchasing an additional 9,343 shares during the quarter. Brighton Jones LLC’s holdings in QUALCOMM were worth $2,666,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Secure Asset Management LLC increased its position in QUALCOMM by 11.3% during the 4th quarter. Secure Asset Management LLC now owns 11,491 shares of the wireless technology company’s stock worth $1,765,000 after purchasing an additional 1,163 shares in the last quarter. Red Door Wealth Management LLC grew its position in QUALCOMM by 5.8% in the fourth quarter. Red Door Wealth Management LLC now owns 45,380 shares of the wireless technology company’s stock valued at $6,971,000 after acquiring an additional 2,496 shares in the last quarter. Inspire Investing LLC grew its position in QUALCOMM by 2.8% in the fourth quarter. Inspire Investing LLC now owns 19,544 shares of the wireless technology company’s stock valued at $3,002,000 after acquiring an additional 536 shares in the last quarter. Avior Wealth Management LLC grew its position in QUALCOMM by 29.0% in the fourth quarter. Avior Wealth Management LLC now owns 15,531 shares of the wireless technology company’s stock valued at $2,386,000 after acquiring an additional 3,493 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. grew its position in QUALCOMM by 1.8% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 82,152 shares of the wireless technology company’s stock valued at $12,620,000 after acquiring an additional 1,483 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction on 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 owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. This represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the transaction, the general counsel now directly owns 19,739 shares of the company’s stock, valued at approximately $3,121,130.68. The trade was a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,882 shares of company stock valued at $4,314,649. 0.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on QCOM. Sanford C. Bernstein increased their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. UBS Group increased their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Melius Research began coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. Finally, StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

Check Out Our Latest Stock Report on QCOM

QUALCOMM Stock Down 1.3 %

QUALCOMM stock opened at $172.11 on Friday. The company has a 50-day simple moving average of $159.26 and a 200-day simple moving average of $168.08. The firm has a market capitalization of $191.21 billion, a P/E ratio of 19.14, a P/E/G ratio of 2.84 and a beta of 1.25. 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 Incorporated has a one year low of $139.26 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOMGet Free Report) last released its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.01 by $0.25. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.14 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 1.98%. QUALCOMM’s payout ratio is 37.82%.

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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