RS Crum Inc. Increases Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

RS Crum Inc. grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,100 shares of the wireless technology company’s stock after acquiring an additional 100 shares during the period. RS Crum Inc.’s holdings in QUALCOMM were worth $1,016,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Federated Hermes Inc. raised its holdings in shares of QUALCOMM by 173.3% in the 2nd quarter. Federated Hermes Inc. now owns 842,357 shares of the wireless technology company’s stock valued at $167,781,000 after buying an additional 534,176 shares during the period. Pinkerton Retirement Specialists LLC increased its stake in QUALCOMM by 17.0% during the second quarter. Pinkerton Retirement Specialists LLC now owns 27,813 shares of the wireless technology company’s stock worth $5,540,000 after purchasing an additional 4,036 shares during the period. GHP Investment Advisors Inc. lifted its position in shares of QUALCOMM by 31.8% during the second quarter. GHP Investment Advisors Inc. now owns 667 shares of the wireless technology company’s stock worth $133,000 after purchasing an additional 161 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in shares of QUALCOMM by 28.3% during the second quarter. Meeder Advisory Services Inc. now owns 18,829 shares of the wireless technology company’s stock worth $3,750,000 after purchasing an additional 4,153 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of QUALCOMM by 6.8% in the second quarter. Meeder Asset Management Inc. now owns 154,903 shares of the wireless technology company’s stock valued at $30,854,000 after purchasing an additional 9,904 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at QUALCOMM

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $199.47, for a total value of $1,595,760.00. Following the transaction, the chief technology officer now directly owns 237,893 shares in the company, valued at approximately $47,452,516.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $199.47, for a total value of $1,595,760.00. Following the completion of the sale, the chief technology officer now owns 237,893 shares in the company, valued at approximately $47,452,516.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $205.61, for a total transaction of $616,830.00. Following the transaction, the chief financial officer now owns 60,343 shares in the company, valued at $12,407,124.23. The disclosure for this sale can be found here. Insiders have sold 19,000 shares of company stock worth $3,496,590 in the last quarter. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of research reports. Piper Sandler reiterated an “overweight” rating and set a $205.00 target price (up from $185.00) on shares of QUALCOMM in a report on Thursday, August 1st. Mizuho upped their price target on QUALCOMM from $180.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $215.00 price objective on shares of QUALCOMM in a research note on Thursday, August 1st. Robert W. Baird upped their target price on shares of QUALCOMM from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Finally, Rosenblatt Securities raised their target price on shares of QUALCOMM from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $210.63.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $164.98 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. The stock has a market cap of $183.79 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.82 and a beta of 1.28. The stock has a 50 day moving average of $176.88 and a two-hundred day moving average of $181.63. QUALCOMM Incorporated has a twelve month low of $104.33 and a twelve month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued 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 net margin of 23.32% and a return on equity of 38.12%. The firm had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.23 billion. On average, research analysts forecast that QUALCOMM Incorporated will post 8 earnings per share for the current year.

QUALCOMM Dividend Announcement

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 issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 5th. QUALCOMM’s dividend payout ratio is currently 45.70%.

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.