Franklin Street Advisors Inc. NC Buys 400 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Franklin Street Advisors Inc. NC raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 8.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,164 shares of the wireless technology company’s stock after purchasing an additional 400 shares during the period. Franklin Street Advisors Inc. NC’s holdings in QUALCOMM were worth $747,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Certified Advisory Corp increased its holdings in shares of QUALCOMM by 0.7% in the 1st quarter. Certified Advisory Corp now owns 11,582 shares of the wireless technology company’s stock valued at $1,770,000 after acquiring an additional 79 shares during the period. Source Financial Advisors LLC grew its stake in QUALCOMM by 2.2% in the fourth quarter. Source Financial Advisors LLC now owns 3,903 shares of the wireless technology company’s stock valued at $564,000 after purchasing an additional 85 shares during the last quarter. MCF Advisors LLC raised its holdings in QUALCOMM by 1.6% in the third quarter. MCF Advisors LLC now owns 5,891 shares of the wireless technology company’s stock worth $654,000 after purchasing an additional 90 shares in the last quarter. Chesley Taft & Associates LLC lifted its position in shares of QUALCOMM by 0.5% during the fourth quarter. Chesley Taft & Associates LLC now owns 16,858 shares of the wireless technology company’s stock valued at $2,438,000 after buying an additional 90 shares during the last quarter. Finally, Bangor Savings Bank boosted its holdings in shares of QUALCOMM by 1.0% in the 4th quarter. Bangor Savings Bank now owns 9,366 shares of the wireless technology company’s stock valued at $1,355,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on QCOM. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 7th. Canaccord Genuity Group lifted their target price on shares of QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. KeyCorp upped their price target on shares of QUALCOMM from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Cantor Fitzgerald reiterated a “neutral” rating and set a $150.00 price objective on shares of QUALCOMM in a research note on Monday, March 4th. Finally, Rosenblatt Securities upped their target price on QUALCOMM from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.71.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $169.30 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.56 and a quick ratio of 1.88. The stock has a market capitalization of $188.94 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 2.31 and a beta of 1.41. The firm’s 50 day simple moving average is $157.64 and its 200-day simple moving average is $135.88. QUALCOMM Incorporated has a 12 month low of $101.47 and a 12 month high of $177.59.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.90 by $0.43. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. Analysts expect that QUALCOMM Incorporated will post 7.67 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were issued a $0.80 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $3.20 dividend on an annualized basis and a yield of 1.89%. QUALCOMM’s payout ratio is 46.38%.

Insiders Place Their Bets

In other news, insider James J. Cathey sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $139.00, for a total transaction of $139,000.00. Following the completion of the sale, the insider now owns 4,972 shares of the company’s stock, valued at $691,108. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other QUALCOMM news, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $169.60, for a total transaction of $1,373,760.00. Following the transaction, the chief executive officer now owns 16,200 shares of the company’s stock, valued at $2,747,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Cathey sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $139.00, for a total transaction of $139,000.00. Following the transaction, the insider now directly owns 4,972 shares in the company, valued at approximately $691,108. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,360 shares of company stock worth $5,457,048. 0.08% of the stock is owned by corporate insiders.

QUALCOMM 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.