1,706 Shares in QUALCOMM Incorporated (NASDAQ:QCOM) Acquired by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOMFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,706 shares of the wireless technology company’s stock, valued at approximately $247,000.

Several other large investors have also recently added to or reduced their stakes in QCOM. DHJJ Financial Advisors Ltd. purchased a new stake in QUALCOMM during the 3rd quarter worth approximately $26,000. Financial Gravity Asset Management Inc. increased its stake in QUALCOMM by 102.5% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock worth $26,000 after buying an additional 122 shares during the period. Milestone Investment Advisors LLC purchased a new stake in QUALCOMM during the 1st quarter worth approximately $26,000. Pacifica Partners Inc. increased its stake in QUALCOMM by 150.0% during the 3rd quarter. Pacifica Partners Inc. now owns 250 shares of the wireless technology company’s stock worth $27,000 after buying an additional 150 shares during the period. Finally, Legacy Financial Group LLC acquired a new position in QUALCOMM during the 3rd quarter worth approximately $29,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Stock Up 1.4 %

Shares of NASDAQ:QCOM opened at $171.72 on Tuesday. The stock has a market cap of $191.64 billion, a P/E ratio of 24.89, a P/E/G ratio of 2.31 and a beta of 1.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.56 and a quick ratio of 1.88. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $177.59. The firm has a fifty day moving average price of $158.47 and a 200 day moving average price of $136.86.

QUALCOMM (NASDAQ:QCOMGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.43. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. Sell-side analysts predict that QUALCOMM Incorporated will post 7.67 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were given a dividend of $0.80 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.20 dividend on an annualized basis and a yield of 1.86%. QUALCOMM’s payout ratio is currently 46.38%.

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 371 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the transaction, the chief accounting officer now owns 689 shares in the company, valued at approximately $103,232.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Neil Martin sold 371 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total value of $55,586.93. Following the completion of the transaction, the chief accounting officer now owns 689 shares in the company, valued at approximately $103,232.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Cristiano R. Amon sold 8,100 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $169.60, for a total transaction of $1,373,760.00. Following the completion of the transaction, the chief executive officer now owns 16,200 shares of the company’s stock, valued at approximately $2,747,520. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,360 shares of company stock worth $5,457,048. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of QUALCOMM from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, February 1st. KeyCorp boosted their price target on shares of QUALCOMM from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Rosenblatt Securities boosted their price target on shares of QUALCOMM from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Canaccord Genuity Group boosted their price target on shares of QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.71.

Read Our Latest Analysis on QUALCOMM

QUALCOMM Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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