Avion Wealth Has $58,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Avion Wealth lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 293.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 378 shares of the wireless technology company’s stock after purchasing an additional 282 shares during the period. Avion Wealth’s holdings in QUALCOMM were worth $58,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of QUALCOMM by 7.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 517,519 shares of the wireless technology company’s stock valued at $79,511,000 after purchasing an additional 34,490 shares in the last quarter. Jmac Enterprises LLC boosted its stake in QUALCOMM by 29.4% in the fourth quarter. Jmac Enterprises LLC now owns 3,244 shares of the wireless technology company’s stock valued at $498,000 after acquiring an additional 737 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its stake in QUALCOMM by 6.1% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 6,118 shares of the wireless technology company’s stock valued at $940,000 after acquiring an additional 351 shares during the last quarter. Great Lakes Retirement Inc. boosted its stake in QUALCOMM by 0.7% in the fourth quarter. Great Lakes Retirement Inc. now owns 18,770 shares of the wireless technology company’s stock valued at $2,883,000 after acquiring an additional 123 shares during the last quarter. Finally, Kentucky Trust Co bought a new position in QUALCOMM in the fourth quarter valued at approximately $691,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on QCOM shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. Susquehanna reduced their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. UBS Group lifted their price target on shares of QUALCOMM from $185.00 to $190.00 and gave the stock 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 set a “hold” rating and a $180.00 price target on the stock. Finally, Citigroup reduced their price target on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.32.

QUALCOMM Stock Up 0.4 %

QUALCOMM stock opened at $171.99 on Wednesday. The firm has a market capitalization of $190.22 billion, a PE ratio of 18.38, a P/E/G ratio of 2.80 and a beta of 1.25. The company’s 50-day moving average is $162.31 and its 200-day moving average is $165.53. QUALCOMM Incorporated has a fifty-two week low of $148.41 and a fifty-two week high of $230.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.79.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Sell-side analysts anticipate that QUALCOMM Incorporated will post 9.19 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 1.98%. QUALCOMM’s dividend payout ratio is presently 36.32%.

Insider Transactions at QUALCOMM

In related news, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM 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 completion of the sale, the insider now owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. The trade was a 23.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at $14,570. The trade was a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,268 shares of company stock worth $7,276,381 in the last ninety days. 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.