Weil Company Inc. Buys 108 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Weil Company Inc. raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,515 shares of the wireless technology company’s stock after acquiring an additional 108 shares during the quarter. Weil Company Inc.’s holdings in QUALCOMM were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Candriam S.C.A. lifted its stake in shares of QUALCOMM by 86.5% during the second quarter. Candriam S.C.A. now owns 609,642 shares of the wireless technology company’s stock valued at $121,423,000 after acquiring an additional 282,825 shares during the period. Addison Advisors LLC raised its holdings in QUALCOMM by 26.5% during the 2nd quarter. Addison Advisors LLC now owns 2,027 shares of the wireless technology company’s stock worth $404,000 after purchasing an additional 424 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in QUALCOMM by 0.6% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 71,044 shares of the wireless technology company’s stock valued at $14,151,000 after purchasing an additional 395 shares during the period. Jeppson Wealth Management LLC boosted its stake in shares of QUALCOMM by 2.1% in the 2nd quarter. Jeppson Wealth Management LLC now owns 15,490 shares of the wireless technology company’s stock valued at $3,085,000 after purchasing an additional 318 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of QUALCOMM by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 323,535 shares of the wireless technology company’s stock worth $64,442,000 after buying an additional 2,710 shares during the period. 74.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of QUALCOMM from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Mizuho raised their price target on QUALCOMM from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. TD Cowen lifted their price objective on QUALCOMM from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. KeyCorp increased their target price on QUALCOMM from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Finally, StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $210.63.

QUALCOMM Stock Down 3.4 %

QCOM stock opened at $158.19 on Friday. The business has a 50-day moving average of $179.95 and a 200-day moving average of $181.35. QUALCOMM Incorporated has a fifty-two week low of $104.33 and a fifty-two week high of $230.63. The stock has a market capitalization of $176.22 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.21. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. The firm had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.23 billion. On average, sell-side analysts anticipate that QUALCOMM Incorporated will post 7.98 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be paid a $0.85 dividend. The ex-dividend date is Thursday, September 5th. This represents a $3.40 annualized dividend and a yield of 2.15%. QUALCOMM’s payout ratio is currently 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.