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

RBA Wealth Management LLC grew its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,106 shares of the wireless technology company’s stock after buying an additional 506 shares during the quarter. QUALCOMM comprises about 1.8% of RBA Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. RBA Wealth Management LLC’s holdings in QUALCOMM were worth $4,625,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in QCOM. Columbus Macro LLC grew its holdings in shares of QUALCOMM by 253.0% during the fourth quarter. Columbus Macro LLC now owns 49,591 shares of the wireless technology company’s stock valued at $7,618,000 after buying an additional 35,543 shares in the last quarter. Childress Capital Advisors LLC boosted its holdings in QUALCOMM by 6.3% in the 4th quarter. Childress Capital Advisors LLC now owns 2,798 shares of the wireless technology company’s stock valued at $430,000 after purchasing an additional 167 shares during the period. Alliance Wealth Advisors LLC UT raised its position in shares of QUALCOMM by 7.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 21,944 shares of the wireless technology company’s stock worth $3,371,000 after acquiring an additional 1,559 shares during the last quarter. Optas LLC grew its holdings in QUALCOMM by 7.1% during the fourth quarter. Optas LLC now owns 5,643 shares of the wireless technology company’s stock worth $867,000 after buying an additional 372 shares in the last quarter. Finally, Boston Trust Walden Corp increased its stake in shares of QUALCOMM by 11.9% in the fourth quarter. Boston Trust Walden Corp now owns 289,531 shares of the wireless technology company’s stock worth $44,478,000 after purchasing an additional 30,900 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the company’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 sale, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at $14,570. This represents a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the sale, the general counsel now directly owns 19,739 shares of the company’s stock, valued at approximately $3,121,130.68. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,981 shares of company stock worth $4,000,870. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 1.6 %

QUALCOMM stock opened at $170.24 on Tuesday. QUALCOMM Incorporated has a fifty-two week low of $141.21 and a fifty-two week high of $230.63. The stock has a 50-day simple moving average of $160.76 and a 200-day simple moving average of $166.19. The company has a market capitalization of $189.14 billion, a P/E ratio of 18.94, a PEG ratio of 2.87 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.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. Equities research analysts expect that QUALCOMM Incorporated will post 9.16 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. Investors of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio is currently 37.82%.

Analysts Set New Price Targets

QCOM has been the topic of a number of recent research reports. UBS Group raised their target price on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Loop Capital initiated coverage on shares of QUALCOMM in a research note on Monday, November 11th. They set a “hold” rating and a $180.00 price objective for the company. Susquehanna dropped their price target on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Mizuho lowered their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Sanford C. Bernstein increased their price objective on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and an average target price 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.