QUALCOMM Incorporated (NASDAQ:QCOM) Stock Holdings Boosted by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 27,666 shares of the wireless technology company’s stock after acquiring an additional 384 shares during the period. QUALCOMM accounts for 1.1% of Benjamin Edwards Inc.’s portfolio, making the stock its 14th biggest holding. Benjamin Edwards Inc.’s holdings in QUALCOMM were worth $5,511,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QCOM. WFA Asset Management Corp bought a new position in shares of QUALCOMM during the first quarter worth about $27,000. Financial Connections Group Inc. acquired a new stake in QUALCOMM in the second quarter worth about $32,000. Aspect Partners LLC lifted its holdings in QUALCOMM by 71.8% in the second quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company’s stock worth $35,000 after purchasing an additional 74 shares during the period. Richardson Capital Management LLC acquired a new stake in QUALCOMM in the first quarter worth about $37,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in QUALCOMM in the fourth quarter worth about $39,000. Institutional investors own 74.35% of the company’s stock.

Insider Activity

In other news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $160.50, for a total value of $1,284,000.00. Following the transaction, the chief technology officer now owns 229,987 shares in the company, valued at approximately $36,912,913.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $160.50, for a total value of $1,284,000.00. Following the transaction, the chief technology officer now owns 229,987 shares in the company, valued at approximately $36,912,913.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $205.61, for a total value of $616,830.00. Following the completion of the transaction, the chief financial officer now owns 60,343 shares in the company, valued at approximately $12,407,124.23. The disclosure for this sale can be found here. Insiders have sold 19,000 shares of company stock worth $3,496,590 in the last 90 days. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on QCOM shares. Hsbc Global Res downgraded shares of QUALCOMM from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 17th. Robert W. Baird upped their price objective on shares of QUALCOMM from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $215.00 price objective on shares of QUALCOMM in a report on Thursday, August 1st. HSBC downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of QUALCOMM from $155.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average price target of $211.67.

QUALCOMM Price Performance

QCOM stock opened at $173.92 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. QUALCOMM Incorporated has a one year low of $104.33 and a one year high of $230.63. The firm has a market capitalization of $194.09 billion, a PE ratio of 23.38, a P/E/G ratio of 1.81 and a beta of 1.28. The firm has a 50-day moving average of $173.19 and a two-hundred day moving average of $182.00.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.21. The company had revenue of $9.39 billion during the quarter, compared to analyst estimates of $9.23 billion. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. On average, analysts forecast that QUALCOMM Incorporated will post 8 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be issued a $0.85 dividend. The ex-dividend date is Thursday, September 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.95%. QUALCOMM’s dividend payout ratio is 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.