Valued Wealth Advisors LLC Buys 93 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Valued Wealth Advisors LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 33.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 374 shares of the wireless technology company’s stock after buying an additional 93 shares during the period. Valued Wealth Advisors LLC’s holdings in QUALCOMM were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Pacer Advisors Inc. increased its position in QUALCOMM by 9.1% in the fourth quarter. Pacer Advisors Inc. now owns 3,481,143 shares of the wireless technology company’s stock worth $534,773,000 after buying an additional 289,801 shares in the last quarter. Cornerstone Wealth Group LLC grew its stake in shares of QUALCOMM by 4.8% during the 4th quarter. Cornerstone Wealth Group LLC now owns 31,788 shares of the wireless technology company’s stock valued at $4,883,000 after acquiring an additional 1,454 shares during the period. KBC Group NV raised its stake in QUALCOMM by 84.6% during the 4th quarter. KBC Group NV now owns 1,535,063 shares of the wireless technology company’s stock worth $235,816,000 after acquiring an additional 703,674 shares during the period. Union Bancaire Privee UBP SA purchased a new position in QUALCOMM during the fourth quarter valued at approximately $10,394,000. Finally, Blue Trust Inc. boosted its position in shares of QUALCOMM by 31.4% in the fourth quarter. Blue Trust Inc. now owns 18,661 shares of the wireless technology company’s stock worth $3,173,000 after purchasing an additional 4,464 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Down 1.3 %

QCOM opened at $172.11 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The stock’s 50 day moving average price is $159.49 and its 200-day moving average price is $167.27. QUALCOMM Incorporated has a one year low of $139.26 and a one year high of $230.63. The stock has a market cap of $191.21 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 2.84 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share 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 the consensus estimate of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. On average, equities analysts forecast that QUALCOMM Incorporated will post 9.14 EPS for the current year.

QUALCOMM Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup cut their price target on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Sanford C. Bernstein lifted their target price on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Melius Research started 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. Loop Capital started coverage on shares of QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price 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. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $206.57.

Insider Buying and Selling

In other news, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the sale, the general counsel now owns 12,007 shares in the company, valued at approximately $1,981,875.42. The trade was a 13.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. This represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,882 shares of company stock valued at $4,314,649 over the last quarter. 0.08% of the stock is owned by corporate insiders.

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.