451 Shares in QUALCOMM Incorporated (NASDAQ:QCOM) Acquired by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. purchased a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 451 shares of the wireless technology company’s stock, valued at approximately $69,000.

A number of other hedge funds have also recently added to or reduced their stakes in QCOM. Martin Capital Advisors LLP grew its stake in QUALCOMM by 2.8% during the 3rd quarter. Martin Capital Advisors LLP now owns 3,621 shares of the wireless technology company’s stock worth $616,000 after buying an additional 99 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of QUALCOMM by 12.4% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,098 shares of the wireless technology company’s stock valued at $1,377,000 after purchasing an additional 895 shares during the last quarter. Procyon Advisors LLC grew its stake in shares of QUALCOMM by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 37,152 shares of the wireless technology company’s stock valued at $6,318,000 after purchasing an additional 1,160 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of QUALCOMM in the 3rd quarter valued at approximately $741,000. Finally, Empirical Asset Management LLC grew its stake in shares of QUALCOMM by 0.8% in the 3rd quarter. Empirical Asset Management LLC now owns 14,515 shares of the wireless technology company’s stock valued at $2,468,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares of the company’s stock, valued at approximately $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now directly 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. Insiders sold a total of 44,268 shares of company stock valued at $7,276,381 over the last quarter. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $171.36 on Tuesday. The stock has a market cap of $189.52 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25. The company has a quick ratio of 1.79, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a fifty-two week low of $148.41 and a fifty-two week high of $230.63. The business has a fifty day moving average of $162.15 and a 200-day moving average of $165.55.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates 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, analysts predict that QUALCOMM Incorporated will post 9.19 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio is currently 36.32%.

Wall Street Analyst Weigh In

QCOM has been the topic of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. Sanford C. Bernstein lifted their target price on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler lowered their target price on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Benchmark reissued a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a report on Friday. Finally, Loop Capital started coverage on QUALCOMM in a report on Monday, November 11th. They issued a “hold” rating and a $180.00 price target for the company. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average 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.