Onyx Bridge Wealth Group LLC Acquires 95 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Onyx Bridge Wealth Group LLC grew its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,567 shares of the wireless technology company’s stock after purchasing an additional 95 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in QUALCOMM were worth $548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Algert Global LLC acquired a new position in QUALCOMM in the 2nd quarter valued at $366,000. Czech National Bank grew its stake in shares of QUALCOMM by 6.5% in the third quarter. Czech National Bank now owns 226,933 shares of the wireless technology company’s stock worth $38,590,000 after purchasing an additional 13,888 shares during the last quarter. Versant Capital Management Inc raised its position in shares of QUALCOMM by 26.1% during the third quarter. Versant Capital Management Inc now owns 1,097 shares of the wireless technology company’s stock worth $187,000 after acquiring an additional 227 shares during the last quarter. Legacy Private Trust Co. boosted its stake in shares of QUALCOMM by 246.9% in the 3rd quarter. Legacy Private Trust Co. now owns 10,698 shares of the wireless technology company’s stock valued at $1,819,000 after purchasing an additional 7,614 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. lifted its stake in QUALCOMM by 1.2% in the third quarter. O Keefe Stevens Advisory Inc. now owns 133,499 shares of the wireless technology company’s stock valued at $22,702,000 after buying an additional 1,613 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Performance

QUALCOMM stock opened at $175.86 on Thursday. QUALCOMM Incorporated has a 1-year low of $142.43 and a 1-year high of $230.63. The company’s 50-day moving average is $161.31 and its 200 day moving average is $165.95. The firm has a market capitalization of $195.38 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 2.87 and a beta of 1.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data 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 26.03% and a return on equity of 38.81%. Research analysts forecast that QUALCOMM Incorporated will post 9.16 EPS for the current 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 issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 1.93%. QUALCOMM’s payout ratio is 37.82%.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Mizuho lowered their price target on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Cantor Fitzgerald reissued a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a research report on Wednesday, November 20th. Evercore ISI upped their price target on QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, Benchmark restated a “buy” rating and issued a $240.00 target price on shares of QUALCOMM 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

Insider Buying and Selling at QUALCOMM

In related 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 value of $1,665,800.07. Following the completion of the sale, the insider now directly owns 33,383 shares of the company’s stock, valued at $5,360,975.97. This represents a 23.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction dated 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 directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,981 shares of company stock valued at $4,000,870 in the last three months. Company insiders own 0.08% of the company’s stock.

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.