D Orazio & Associates Inc. Raises Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

D Orazio & Associates Inc. raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 24.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,916 shares of the wireless technology company’s stock after purchasing an additional 376 shares during the period. D Orazio & Associates Inc.’s holdings in QUALCOMM were worth $324,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp purchased a new stake in QUALCOMM during the 1st quarter valued at $27,000. CarsonAllaria Wealth Management Ltd. boosted its stake in QUALCOMM by 327.1% during the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 205 shares of the wireless technology company’s stock valued at $30,000 after purchasing an additional 157 shares during the last quarter. Richardson Capital Management LLC purchased a new stake in QUALCOMM during the 1st quarter valued at $37,000. DiNuzzo Private Wealth Inc. purchased a new stake in QUALCOMM during the 4th quarter valued at $32,000. Finally, Cherry Tree Wealth Management LLC boosted its stake in QUALCOMM by 95.0% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 236 shares of the wireless technology company’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM 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 $12,407,124.23. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other QUALCOMM news, Director Sylvia Acevedo sold 2,056 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.21, for a total transaction of $366,399.76. Following the completion of the transaction, the director now owns 54 shares in the company, valued at $9,623.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $205.61, for a total value of $616,830.00. Following the transaction, the chief financial officer now owns 60,343 shares of the company’s stock, valued at approximately $12,407,124.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,185 shares of company stock worth $8,552,835. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

QCOM has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on QUALCOMM from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Evercore ISI initiated coverage on QUALCOMM in a report on Tuesday, April 16th. They set an “in-line” rating and a $177.00 price target on the stock. TD Cowen increased their price target on QUALCOMM from $200.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. KeyCorp increased their price target on QUALCOMM from $205.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Finally, Wells Fargo & Company increased their price target on QUALCOMM from $120.00 to $140.00 and gave the company an “underweight” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $197.54.

QUALCOMM Price Performance

Shares of QUALCOMM stock traded down $0.14 during trading on Thursday, reaching $191.46. 9,913,938 shares of the stock traded hands, compared to its average volume of 9,186,523. The company has a market capitalization of $213.67 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 2.55 and a beta of 1.27. The business has a fifty day simple moving average of $204.49 and a two-hundred day simple moving average of $174.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.65 and a quick ratio of 1.98. QUALCOMM Incorporated has a 52-week low of $104.33 and a 52-week high of $230.63.

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

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 5th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.40 annualized dividend and a yield of 1.78%. QUALCOMM’s dividend 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.