Vise Technologies Inc. Increases Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Vise Technologies Inc. grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,037 shares of the wireless technology company’s stock after purchasing an additional 92 shares during the quarter. Vise Technologies Inc.’s holdings in QUALCOMM were worth $2,898,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Financial Gravity Asset Management Inc. lifted its position in QUALCOMM by 102.5% during the third 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 in the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in shares of QUALCOMM during the 4th quarter worth $32,000. Cherry Tree Wealth Management LLC boosted its position in shares of 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 acquiring an additional 115 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of QUALCOMM during the 4th quarter valued at about $35,000. Finally, Cranbrook Wealth Management LLC increased its position in QUALCOMM by 68.0% during the fourth quarter. Cranbrook Wealth Management LLC now owns 247 shares of the wireless technology company’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Sylvia Acevedo sold 744 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $181.52, for a total transaction of $135,050.88. Following the completion of the sale, the director now owns 54 shares in the company, valued at approximately $9,802.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Neil Martin sold 371 shares of QUALCOMM stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total value of $55,586.93. Following the transaction, the chief accounting officer now directly owns 689 shares in the company, valued at approximately $103,232.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sylvia Acevedo sold 744 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $181.52, for a total transaction of $135,050.88. Following the transaction, the director now owns 54 shares of the company’s stock, valued at approximately $9,802.08. The disclosure for this sale can be found here. In the last three months, insiders sold 58,160 shares of company stock valued at $9,939,349. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 3.0 %

QUALCOMM stock traded up $5.64 during mid-day trading on Wednesday, hitting $194.61. The company had a trading volume of 11,339,767 shares, compared to its average volume of 8,615,885. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $196.08. The business has a fifty day moving average of $170.86 and a 200 day moving average of $150.77. The stock has a market cap of $217.18 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.28 and a beta of 1.33.

QUALCOMM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.75%. This is a boost from QUALCOMM’s previous quarterly dividend of $0.80. QUALCOMM’s payout ratio is 43.01%.

Analysts Set New Price Targets

QCOM has been the topic of several recent analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 target price on shares of QUALCOMM in a report on Thursday, May 2nd. Barclays increased their price objective on QUALCOMM from $155.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Evercore ISI initiated coverage on QUALCOMM in a research report on Tuesday, April 16th. They issued an “in-line” rating and a $177.00 target price on the stock. Citigroup increased their price target on QUALCOMM from $160.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, UBS Group boosted their price objective on shares of QUALCOMM from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $180.48.

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.