Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $1.47 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,597 shares of the wireless technology company’s stock after purchasing an additional 167 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in QUALCOMM were worth $1,474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Susquehanna Fundamental Investments LLC bought a new position in shares of QUALCOMM in the 2nd quarter valued at approximately $896,000. Ascent Group LLC raised its position in shares of QUALCOMM by 13.4% in the second quarter. Ascent Group LLC now owns 2,829 shares of the wireless technology company’s stock valued at $564,000 after purchasing an additional 335 shares during the period. Algert Global LLC bought a new position in shares of QUALCOMM in the second quarter valued at approximately $366,000. Magnolia Capital Advisors LLC acquired a new stake in shares of QUALCOMM in the second quarter worth $1,340,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of QUALCOMM by 33.0% during the 2nd quarter. NewEdge Advisors LLC now owns 79,506 shares of the wireless technology company’s stock worth $15,836,000 after buying an additional 19,744 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM stock opened at $171.18 on Tuesday. QUALCOMM Incorporated has a 52 week low of $139.26 and a 52 week high of $230.63. The stock has a market capitalization of $190.18 billion, a PE ratio of 19.04, a PEG 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. The stock’s fifty day moving average is $159.49 and its 200-day moving average is $167.27.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. Equities research analysts expect that QUALCOMM Incorporated will post 9.14 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

Insiders Place Their Bets

In other QUALCOMM news, insider Alexander H. Rogers sold 10,373 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the transaction, the insider now directly owns 33,383 shares in the company, valued at approximately $5,360,975.97. This represents a 23.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the sale, the general counsel now owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,882 shares of company stock valued at $4,314,649. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on QCOM shares. JPMorgan Chase & Co. cut 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. Citigroup decreased their target price on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price target on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Melius started 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. Finally, Morgan Stanley cut their target price on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $206.57.

QUALCOMM 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.