Glassman Wealth Services Has $363,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Glassman Wealth Services raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,512 shares of the wireless technology company’s stock after buying an additional 129 shares during the quarter. Glassman Wealth Services’ holdings in QUALCOMM were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Wilson & Boucher Capital Management LLC grew its position in shares of QUALCOMM by 24.4% during the 4th quarter. Wilson & Boucher Capital Management LLC now owns 5,098 shares of the wireless technology company’s stock worth $737,000 after buying an additional 1,001 shares during the period. Founders Financial Alliance LLC bought a new position in shares of QUALCOMM during the 4th quarter valued at about $231,000. Nixon Peabody Trust Co. bought a new position in shares of QUALCOMM during the 4th quarter valued at about $557,000. Skopos Labs Inc. bought a new position in shares of QUALCOMM during the 4th quarter valued at about $830,000. Finally, Eagle Global Advisors LLC lifted its holdings in shares of QUALCOMM by 1.5% during the 4th quarter. Eagle Global Advisors LLC now owns 53,169 shares of the wireless technology company’s stock valued at $7,690,000 after purchasing an additional 790 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on QCOM shares. Bank of America lifted their price objective on QUALCOMM from $173.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. KeyCorp boosted their target price on QUALCOMM from $180.00 to $205.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Cantor Fitzgerald restated a “neutral” rating and issued a $190.00 target price on shares of QUALCOMM in a research note on Thursday, May 2nd. Evercore ISI began coverage on QUALCOMM in a research note on Tuesday, April 16th. They issued an “in-line” rating and a $177.00 target price on the stock. Finally, Canaccord Genuity Group boosted their target price on QUALCOMM from $180.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $180.48.

QUALCOMM Stock Performance

Shares of QCOM stock traded up $8.60 during trading on Friday, reaching $210.36. 13,809,903 shares of the company’s stock were exchanged, compared to its average volume of 9,331,276. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $234.76 billion, a PE ratio of 28.27, a PEG ratio of 2.60 and a beta of 1.33. QUALCOMM Incorporated has a twelve month low of $101.47 and a twelve month high of $211.30. The firm’s fifty day moving average price is $175.50 and its 200-day moving average price is $155.24.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.11. QUALCOMM had a return on equity of 37.09% and a net margin of 23.03%. The business had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.32 billion. As a group, sell-side analysts anticipate that QUALCOMM Incorporated will post 7.83 EPS for the current year.

QUALCOMM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.62%. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, May 30th. QUALCOMM’s dividend payout ratio is currently 43.01%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 689 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $160.64, for a total value of $110,680.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO Neil Martin sold 689 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $160.64, for a total transaction of $110,680.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Neil Smit sold 3,069 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $200.94, for a total value of $616,684.86. Following the sale, the director now owns 5,902 shares of the company’s stock, valued at $1,185,947.88. The disclosure for this sale can be found here. Insiders have sold a total of 70,074 shares of company stock valued at $12,258,386 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

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.