QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Lifted by First Affirmative Financial Network

First Affirmative Financial Network boosted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 16.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,114 shares of the wireless technology company’s stock after buying an additional 299 shares during the quarter. First Affirmative Financial Network’s holdings in QUALCOMM were worth $252,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Milestone Investment Advisors LLC purchased a new stake in shares of QUALCOMM during the first quarter valued at $26,000. Corrado Advisors LLC purchased a new stake in shares of QUALCOMM during the fourth quarter valued at $27,000. Ruedi Wealth Management Inc. purchased a new stake in shares of QUALCOMM during the fourth quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of QUALCOMM by 53.9% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 257 shares of the wireless technology company’s stock valued at $28,000 after purchasing an additional 90 shares during the last quarter. Finally, TD Capital Management LLC lifted its holdings in shares of QUALCOMM by 118.8% during the first quarter. TD Capital Management LLC now owns 221 shares of the wireless technology company’s stock valued at $28,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 71.10% of the company’s stock.

QUALCOMM Stock Performance

QCOM opened at $113.14 on Friday. The firm has a market capitalization of $124.45 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. The stock’s 50 day moving average price is $117.12 and its two-hundred day moving average price is $116.94. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.70. QUALCOMM Incorporated has a 12-month low of $101.47 and a 12-month high of $139.94.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, August 2nd. The wireless technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. The firm had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.51 billion. QUALCOMM had a return on equity of 45.94% and a net margin of 22.33%. On average, equities analysts forecast that QUALCOMM Incorporated will post 6.41 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, August 31st will be given a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.83%. QUALCOMM’s dividend payout ratio is currently 41.88%.

Analyst Ratings Changes

Several brokerages recently issued reports on QCOM. Bank of America increased their price objective on QUALCOMM from $130.00 to $145.00 in a research note on Friday, June 16th. Deutsche Bank Aktiengesellschaft downgraded QUALCOMM from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $130.00 to $121.00 in a research note on Thursday, August 3rd. Morgan Stanley increased their price objective on QUALCOMM from $125.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 3rd. StockNews.com began coverage on QUALCOMM in a research note on Thursday, August 17th. They issued a “buy” rating for the company. Finally, UBS Group increased their price objective on QUALCOMM from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.96.

Insiders Place Their Bets

In other QUALCOMM news, insider James J. Cathey sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $111.27, for a total value of $111,270.00. Following the completion of the sale, the insider now owns 5,745 shares in the company, valued at approximately $639,246.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider James J. Cathey sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $111.27, for a total transaction of $111,270.00. Following the completion of the transaction, the insider now owns 5,745 shares in the company, valued at approximately $639,246.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO James H. Thompson sold 27,962 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $113.23, for a total value of $3,166,137.26. Following the transaction, the chief technology officer now owns 241,369 shares of the company’s stock, valued at approximately $27,330,211.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,962 shares of company stock worth $3,391,567. 0.07% of the stock is currently owned by company insiders.

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, application processing, multimedia, and global positioning system products.