QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 55,240 shares of the wireless technology company’s stock after acquiring an additional 3,871 shares during the quarter. Kingsview Wealth Management LLC’s holdings in QUALCOMM were worth $8,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Byrne Asset Management LLC lifted its position in shares of QUALCOMM by 2.2% during the 4th quarter. Byrne Asset Management LLC now owns 6,255 shares of the wireless technology company’s stock valued at $961,000 after acquiring an additional 135 shares during the last quarter. TFG Advisers LLC boosted its holdings in shares of QUALCOMM by 1.0% in the fourth quarter. TFG Advisers LLC now owns 9,962 shares of the wireless technology company’s stock worth $1,530,000 after buying an additional 96 shares during the period. Vest Financial LLC grew its position in QUALCOMM by 34.6% during the 4th quarter. Vest Financial LLC now owns 230,772 shares of the wireless technology company’s stock worth $35,451,000 after purchasing an additional 59,366 shares in the last quarter. BayBridge Capital Group LLC boosted its position in shares of QUALCOMM by 4.4% in the fourth quarter. BayBridge Capital Group LLC now owns 8,278 shares of the wireless technology company’s stock worth $1,272,000 after buying an additional 350 shares during the period. Finally, Cidel Asset Management Inc. grew its holdings in shares of QUALCOMM by 4.6% during the fourth quarter. Cidel Asset Management Inc. now owns 6,077 shares of the wireless technology company’s stock valued at $934,000 after buying an additional 266 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred 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 directly owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. This represents a 5.79 % 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 the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares in the company, valued at approximately $14,570. This represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,981 shares of company stock valued at $4,000,870 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Down 0.8 %

QCOM opened at $167.96 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.79 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $185.76 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 2.80 and a beta of 1.25. The business has a 50 day moving average of $162.15 and a 200-day moving average of $165.86. QUALCOMM Incorporated has a 1-year low of $146.29 and a 1-year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.19 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. Shareholders of record on Thursday, March 6th will be paid 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 2.02%. QUALCOMM’s dividend payout ratio is currently 36.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on QCOM shares. Susquehanna decreased their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Loop Capital assumed coverage on shares of QUALCOMM in a report on Monday, November 11th. They set a “hold” rating and a $180.00 price target for the company. Barclays dropped their price objective on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of QUALCOMM in a research note on Thursday. Finally, Mizuho dropped their price target on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.32.

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.