QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Aviso Wealth Management

Aviso Wealth Management boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 844.7% in the 2nd quarter, Holdings Channel reports. The firm owned 1,247 shares of the wireless technology company’s stock after buying an additional 1,115 shares during the period. Aviso Wealth Management’s holdings in QUALCOMM were worth $248,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its holdings in shares of QUALCOMM by 7.3% during the fourth quarter. Gilbert & Cook Inc. now owns 5,254 shares of the wireless technology company’s stock valued at $760,000 after purchasing an additional 356 shares during the last quarter. Gryphon Financial Partners LLC acquired a new stake in QUALCOMM during the 4th quarter worth about $334,000. Alberta Investment Management Corp lifted its stake in QUALCOMM by 36.8% during the fourth quarter. Alberta Investment Management Corp now owns 34,883 shares of the wireless technology company’s stock valued at $5,045,000 after buying an additional 9,383 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of QUALCOMM by 1.3% in the fourth quarter. California State Teachers Retirement System now owns 1,802,530 shares of the wireless technology company’s stock worth $260,700,000 after buying an additional 22,836 shares during the period. Finally, APG Asset Management US Inc. purchased a new position in shares of QUALCOMM in the fourth quarter worth approximately $32,324,000. 74.35% of the stock is currently owned by institutional investors.

Insider Activity at QUALCOMM

In other news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $199.47, for a total transaction of $1,595,760.00. Following the completion of the transaction, the chief technology officer now directly owns 237,893 shares in the company, valued at $47,452,516.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $199.47, for a total value of $1,595,760.00. Following the sale, the chief technology officer now owns 237,893 shares in the company, valued at $47,452,516.71. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $205.61, for a total transaction of $616,830.00. Following the transaction, the chief financial officer now owns 60,343 shares of the company’s stock, valued at $12,407,124.23. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock worth $3,496,590 in the last 90 days. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on QCOM shares. Wells Fargo & Company upped their price target on shares of QUALCOMM from $140.00 to $170.00 and gave the company an “underweight” rating in a research report on Thursday, August 1st. Barclays increased their target price on QUALCOMM from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. StockNews.com upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 24th. HSBC downgraded QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a research note on Wednesday, July 17th. Finally, KeyCorp lifted their target price on QUALCOMM from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $211.67.

QUALCOMM Trading Down 1.5 %

NASDAQ:QCOM opened at $170.13 on Friday. The company’s 50 day moving average is $169.66 and its 200-day moving average is $182.05. The company has a quick ratio of 1.78, a current ratio of 2.39 and a debt-to-equity ratio of 0.53. QUALCOMM Incorporated has a 12 month low of $104.33 and a 12 month high of $230.63. The firm has a market cap of $189.52 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 1.83 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.72 by $0.21. The firm had revenue of $9.39 billion for the quarter, compared to the consensus estimate of $9.23 billion. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. Equities analysts anticipate that QUALCOMM Incorporated will post 8 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.00%. QUALCOMM’s dividend payout ratio is presently 45.70%.

QUALCOMM Company 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.