QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. lowered its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,231 shares of the wireless technology company’s stock after selling 130 shares during the period. YHB Investment Advisors Inc.’s holdings in QUALCOMM were worth $413,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of QCOM. Joseph P. Lucia & Associates LLC purchased a new position in shares of QUALCOMM in the 1st quarter valued at about $28,000. Rise Advisors LLC purchased a new position in shares of QUALCOMM in the 4th quarter valued at about $34,000. Crewe Advisors LLC increased its holdings in QUALCOMM by 444.4% during the 1st quarter. Crewe Advisors LLC now owns 245 shares of the wireless technology company’s stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. HWG Holdings LP purchased a new position in QUALCOMM during the 4th quarter valued at about $47,000. Finally, Delos Wealth Advisors LLC increased its holdings in QUALCOMM by 987.5% during the 4th quarter. Delos Wealth Advisors LLC now owns 261 shares of the wireless technology company’s stock valued at $48,000 after acquiring an additional 237 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity

In other news, insider James J. Cathey sold 2,084 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $126.51, for a total transaction of $263,646.84. Following the completion of the transaction, the insider now owns 917 shares of the company’s stock, valued at $116,009.67. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the topic of several analyst reports. Canaccord Genuity Group decreased their price target on shares of QUALCOMM from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. Edward Jones raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 28th. Cowen set a $185.00 target price on shares of QUALCOMM in a research report on Tuesday, July 19th. Finally, KeyCorp raised their target price on shares of QUALCOMM from $200.00 to $220.00 in a research report on Monday, June 13th. Ten analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $191.04.

QUALCOMM Stock Down 0.8 %

QCOM stock opened at $123.68 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.61 and a quick ratio of 1.15. QUALCOMM Incorporated has a 1-year low of $118.22 and a 1-year high of $193.58. The firm has a fifty day moving average price of $140.48 and a two-hundred day moving average price of $139.40. The firm has a market cap of $138.89 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.72 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOMGet Rating) last released its earnings results on Wednesday, July 27th. The wireless technology company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.44. QUALCOMM had a net margin of 30.52% and a return on equity of 95.77%. The firm had revenue of $10.93 billion during the quarter, compared to analyst estimates of $10.85 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. The firm’s revenue for the quarter was up 36.7% compared to the same quarter last year. Research analysts predict that QUALCOMM Incorporated will post 10.95 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Wednesday, August 31st. QUALCOMM’s dividend payout ratio (DPR) is 26.57%.

QUALCOMM Company Profile

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QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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