QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Ibex Wealth Advisors

Ibex Wealth Advisors increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 408.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,176 shares of the wireless technology company’s stock after purchasing an additional 47,531 shares during the period. QUALCOMM accounts for approximately 1.1% of Ibex Wealth Advisors’ portfolio, making the stock its 25th largest position. Ibex Wealth Advisors’ holdings in QUALCOMM were worth $9,091,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Swedbank AB increased its position in QUALCOMM by 0.5% during the fourth quarter. Swedbank AB now owns 1,319,483 shares of the wireless technology company’s stock worth $202,699,000 after buying an additional 6,465 shares during the period. Orrstown Financial Services Inc. increased its holdings in shares of QUALCOMM by 4.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 2,786 shares of the wireless technology company’s stock valued at $428,000 after acquiring an additional 107 shares during the period. Field & Main Bank raised its position in QUALCOMM by 26.2% in the 4th quarter. Field & Main Bank now owns 1,275 shares of the wireless technology company’s stock valued at $196,000 after purchasing an additional 265 shares during the last quarter. Forsta AP Fonden boosted its stake in QUALCOMM by 5.3% during the 4th quarter. Forsta AP Fonden now owns 317,400 shares of the wireless technology company’s stock worth $48,759,000 after purchasing an additional 15,900 shares during the period. Finally, Foster Victor Wealth Advisors LLC grew its position in QUALCOMM by 18.9% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 123,625 shares of the wireless technology company’s stock worth $20,344,000 after purchasing an additional 19,635 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley lowered their target price on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Melius started coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 target price for the company. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company raised their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Finally, UBS Group boosted their target price on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $206.57.

Insider Buying and Selling

In related news, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the sale, the insider now owns 33,383 shares of the company’s stock, valued at $5,360,975.97. The trade was a 23.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $161.54, for a total transaction of $484,620.00. Following the completion of the transaction, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. The trade was a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,882 shares of company stock valued at $4,314,649. Company insiders own 0.08% of the company’s stock.

QUALCOMM Trading Up 0.4 %

Shares of QCOM stock traded up $0.75 on Wednesday, reaching $172.30. 1,075,906 shares of the stock were exchanged, compared to its average volume of 7,307,465. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The stock has a market cap of $191.42 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 2.84 and a beta of 1.25. The firm has a 50 day moving average of $159.76 and a two-hundred day moving average of $166.85. QUALCOMM Incorporated has a 1-year low of $139.26 and a 1-year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.14 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 1.97%. QUALCOMM’s payout ratio is 37.82%.

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.