Patriot Financial Group Insurance Agency LLC Has $4.27 Million Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Patriot Financial Group Insurance Agency LLC raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 14.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 27,760 shares of the wireless technology company’s stock after purchasing an additional 3,418 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in QUALCOMM were worth $4,265,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in QCOM. Stonegate Investment Group LLC raised its holdings in shares of QUALCOMM by 3.0% in the 4th quarter. Stonegate Investment Group LLC now owns 6,574 shares of the wireless technology company’s stock worth $1,010,000 after purchasing an additional 193 shares during the period. Perigon Wealth Management LLC raised its holdings in QUALCOMM by 1.7% during the 4th quarter. Perigon Wealth Management LLC now owns 55,107 shares of the wireless technology company’s stock valued at $8,896,000 after acquiring an additional 927 shares during the period. Jeppson Wealth Management LLC increased its holdings in shares of QUALCOMM by 1.0% in the fourth quarter. Jeppson Wealth Management LLC now owns 15,611 shares of the wireless technology company’s stock worth $2,398,000 after purchasing an additional 156 shares during the period. Matrix Asset Advisors Inc. NY increased its holdings in shares of QUALCOMM by 3.9% in the fourth quarter. Matrix Asset Advisors Inc. NY now owns 174,254 shares of the wireless technology company’s stock worth $26,769,000 after purchasing an additional 6,594 shares during the period. Finally, Curbstone Financial Management Corp increased its holdings in shares of QUALCOMM by 19.9% in the fourth quarter. Curbstone Financial Management Corp now owns 3,476 shares of the wireless technology company’s stock worth $534,000 after purchasing an additional 576 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM stock opened at $172.27 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The firm’s 50-day moving average is $159.49 and its two-hundred day moving average is $167.27. QUALCOMM Incorporated has a 12 month low of $139.26 and a 12 month high of $230.63. The company has a market capitalization of $191.39 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.84 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. Analysts predict that QUALCOMM Incorporated will post 9.14 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm 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 $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is currently 37.82%.

Analyst Ratings Changes

Several research analysts have recently weighed in on QCOM shares. Barclays decreased their price target on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company increased their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Melius Research initiated coverage on shares of QUALCOMM in a research note on Monday, December 9th. They set a “hold” rating and a $180.00 target price for the company. Morgan Stanley decreased their target price on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 target price on shares of QUALCOMM in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.57.

Insider Activity at QUALCOMM

In related news, insider Alexander H. Rogers sold 10,373 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the sale, the insider now owns 33,383 shares in the company, valued at $5,360,975.97. This represents a 23.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares of the company’s stock, valued at approximately $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,882 shares of company stock worth $4,314,649. Corporate insiders own 0.08% of the company’s stock.

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.