Avantax Advisory Services Inc. Acquires 766 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Avantax Advisory Services Inc. lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,742 shares of the wireless technology company’s stock after purchasing an additional 766 shares during the period. Avantax Advisory Services Inc.’s holdings in QUALCOMM were worth $3,578,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in QCOM. Glass Jacobson Investment Advisors llc lifted its position in shares of QUALCOMM by 6.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,110 shares of the wireless technology company’s stock valued at $161,000 after acquiring an additional 68 shares during the period. Chilton Capital Management LLC increased its holdings in shares of QUALCOMM by 1.9% during the fourth quarter. Chilton Capital Management LLC now owns 3,763 shares of the wireless technology company’s stock valued at $544,000 after acquiring an additional 70 shares in the last quarter. Means Investment CO. Inc. raised its position in shares of QUALCOMM by 1.2% during the fourth quarter. Means Investment CO. Inc. now owns 5,793 shares of the wireless technology company’s stock worth $838,000 after purchasing an additional 71 shares during the period. Marino Stram & Associates LLC lifted its holdings in shares of QUALCOMM by 2.5% in the 4th quarter. Marino Stram & Associates LLC now owns 2,973 shares of the wireless technology company’s stock worth $430,000 after purchasing an additional 73 shares in the last quarter. Finally, First Command Advisory Services Inc. grew its position in QUALCOMM by 6.1% in the 4th quarter. First Command Advisory Services Inc. now owns 1,366 shares of the wireless technology company’s stock valued at $198,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling

In other 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 value of $135,050.88. Following the sale, the director now owns 54 shares of the company’s stock, valued at $9,802.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Sylvia Acevedo sold 744 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $181.52, for a total value of $135,050.88. Following the transaction, the director now directly owns 54 shares in the company, valued at $9,802.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Neil Martin sold 371 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was 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 $103,232.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,160 shares of company stock worth $9,939,349. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 0.3 %

QCOM opened at $193.99 on Thursday. The company has a market capitalization of $216.49 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 2.28 and a beta of 1.33. The firm has a 50-day simple moving average of $171.39 and a two-hundred day simple moving average of $151.08. 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 52 week low of $101.47 and a 52 week high of $196.08.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be issued a $0.85 dividend. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. 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%. QUALCOMM’s dividend payout ratio (DPR) is presently 43.01%.

Analyst Ratings Changes

QCOM has been the topic of a number of recent research reports. KeyCorp raised their price objective on shares of QUALCOMM from $180.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Rosenblatt Securities lifted their price target on QUALCOMM from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Robert W. Baird increased their price objective on QUALCOMM from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Argus lifted their target price on QUALCOMM from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, UBS Group increased their price target on QUALCOMM from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.