QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Transform Wealth LLC

Transform Wealth LLC lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,916 shares of the wireless technology company’s stock after buying an additional 66 shares during the period. Transform Wealth LLC’s holdings in QUALCOMM were worth $494,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of QCOM. Lincoln Capital Corp bought a new position in shares of QUALCOMM in the first quarter valued at $2,763,000. Thrive Wealth Management LLC raised its position in shares of QUALCOMM by 4.1% during the first quarter. Thrive Wealth Management LLC now owns 2,246 shares of the wireless technology company’s stock worth $380,000 after purchasing an additional 89 shares during the period. Towerpoint Wealth LLC lifted its holdings in shares of QUALCOMM by 25.1% during the first quarter. Towerpoint Wealth LLC now owns 1,946 shares of the wireless technology company’s stock valued at $329,000 after purchasing an additional 391 shares during the last quarter. Prairie Sky Financial Group LLC acquired a new position in shares of QUALCOMM in the 1st quarter valued at $232,000. Finally, Procyon Advisors LLC increased its stake in QUALCOMM by 33.2% in the 1st quarter. Procyon Advisors LLC now owns 34,244 shares of the wireless technology company’s stock worth $5,797,000 after purchasing an additional 8,544 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on QCOM shares. Mizuho lifted their target price on shares of QUALCOMM from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Wells Fargo & Company lifted their price objective on shares of QUALCOMM from $120.00 to $140.00 and gave the stock an “underweight” rating in a research report on Thursday, May 2nd. TD Cowen increased their target price on QUALCOMM from $200.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Bank of America lifted their price target on QUALCOMM from $180.00 to $245.00 and gave the company a “buy” rating in a report on Friday, May 31st. Finally, Argus increased their price objective on QUALCOMM from $180.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.13.

QUALCOMM Stock Down 1.1 %

Shares of NASDAQ:QCOM traded down $2.18 on Thursday, reaching $195.15. The company had a trading volume of 11,912,951 shares, compared to its average volume of 9,320,610. The stock has a market capitalization of $217.79 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.46 and a beta of 1.30. The stock has a 50-day moving average price of $194.32 and a 200 day moving average price of $168.60. QUALCOMM Incorporated has a twelve month low of $104.33 and a twelve month high of $230.63. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.11. QUALCOMM had a return on equity of 37.09% and a net margin of 23.03%. The firm had revenue of $9.39 billion during the quarter, compared to analyst estimates of $9.32 billion. On average, equities analysts expect that QUALCOMM Incorporated will post 7.85 EPS for the current year.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th were given a $0.85 dividend. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, May 30th. QUALCOMM’s payout ratio is currently 45.70%.

Insider Transactions at QUALCOMM

In other news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $168.27, for a total transaction of $1,346,160.00. Following the sale, the chief technology officer now directly owns 261,893 shares in the company, valued at approximately $44,068,735.11. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other QUALCOMM news, CAO Neil Martin sold 1,116 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $196.11, for a total value of $218,858.76. Following the transaction, the chief accounting officer now owns 358 shares of the company’s stock, valued at $70,207.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $168.27, for a total value of $1,346,160.00. Following the transaction, the chief technology officer now owns 261,893 shares of the company’s stock, valued at $44,068,735.11. The disclosure for this sale can be found here. Insiders sold a total of 45,185 shares of company stock worth $8,206,875 over the last three months. 0.08% of the stock is currently owned by 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, computing, multimedia, and position location products.