Fort Sheridan Advisors LLC Acquires 579 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Fort Sheridan Advisors LLC raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM – Get Rating) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,251 shares of the wireless technology company’s stock after acquiring an additional 579 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in QUALCOMM were worth $1,872,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Joseph P. Lucia & Associates LLC bought a new stake in shares of QUALCOMM in the first quarter worth about $28,000. Rise Advisors LLC bought a new stake in shares of QUALCOMM in the fourth quarter worth about $34,000. Stuart Chaussee & Associates Inc. increased its holdings in shares of QUALCOMM by 49.6% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 202 shares of the wireless technology company’s stock worth $37,000 after purchasing an additional 67 shares during the last quarter. Crewe Advisors LLC increased its holdings in shares of QUALCOMM by 444.4% in the first quarter. Crewe Advisors LLC now owns 245 shares of the wireless technology company’s stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Finally, Steward Financial Group LLC bought a new stake in shares of QUALCOMM in the fourth quarter worth about $38,000. 73.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on QCOM shares. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 28th. UBS Group reduced their target price on QUALCOMM from $185.00 to $155.00 in a report on Thursday, April 28th. Barclays reduced their price objective on QUALCOMM from $185.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th. Susquehanna Bancshares reduced their price objective on QUALCOMM from $190.00 to $165.00 in a research note on Thursday, April 28th. Finally, Piper Sandler reduced their price objective on QUALCOMM from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. Ten investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.35.

QUALCOMM Stock Down 0.5 %

Shares of NASDAQ QCOM opened at $150.21 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.15 and a current ratio of 1.61. The firm has a market capitalization of $168.69 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.87 and a beta of 1.22. The stock has a 50 day moving average price of $137.27 and a 200 day moving average price of $147.29. QUALCOMM Incorporated has a 52-week low of $118.22 and a 52-week high of $193.58.

QUALCOMM (NASDAQ:QCOM – Get Rating) last posted its earnings results on Wednesday, July 27th. The wireless technology company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.44. The company had revenue of $10.93 billion during the quarter, compared to analyst estimates of $10.85 billion. QUALCOMM had a return on equity of 95.77% and a net margin of 30.52%. QUALCOMM’s revenue was up 36.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 earnings per share. Sell-side analysts expect that QUALCOMM Incorporated will post 10.95 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 1st will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, August 31st. This represents a $3.00 dividend on an annualized basis and a yield of 2.00%. QUALCOMM’s dividend payout ratio is currently 26.57%.

Insiders Place Their Bets

In other news, CAO Erin L. Polek sold 1,521 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $129.95, for a total transaction of $197,653.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.05% of the stock is owned by company insiders.

QUALCOMM Company Profile

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QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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, application processing, multimedia, and global positioning system products.