QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by RBA Wealth Management LLC

RBA Wealth Management LLC grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,275 shares of the wireless technology company’s stock after purchasing an additional 568 shares during the period. QUALCOMM makes up about 1.8% of RBA Wealth Management LLC’s holdings, making the stock its 27th biggest position. RBA Wealth Management LLC’s holdings in QUALCOMM were worth $3,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in QUALCOMM in the 4th quarter valued at approximately $34,000. MFA Wealth Advisors LLC acquired a new position in QUALCOMM in the 3rd quarter valued at $36,000. Jackson Wealth Management LLC raised its holdings in QUALCOMM by 0.3% in the 3rd quarter. Jackson Wealth Management LLC now owns 39,836 shares of the wireless technology company’s stock valued at $37,000 after acquiring an additional 103 shares during the last quarter. Old North State Trust LLC raised its holdings in QUALCOMM by 58.9% in the 4th quarter. Old North State Trust LLC now owns 205 shares of the wireless technology company’s stock valued at $37,000 after acquiring an additional 76 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. raised its holdings in QUALCOMM by 49.6% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 202 shares of the wireless technology company’s stock valued at $37,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 73.61% of the company’s stock.

In other news, CAO Erin L. Polek sold 1,521 shares of the company’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $129.95, for a total value of $197,653.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.05% of the company’s stock.

NASDAQ:QCOM traded down $0.89 during trading hours on Thursday, hitting $121.27. 154,907 shares of the stock traded hands, compared to its average volume of 8,705,358. The firm has a 50 day moving average price of $135.63 and a 200 day moving average price of $157.00. The company has a current ratio of 1.61, a quick ratio of 1.27 and a debt-to-equity ratio of 0.91. QUALCOMM Incorporated has a fifty-two week low of $118.36 and a fifty-two week high of $193.58. The firm has a market cap of $135.82 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.69 and a beta of 1.20.

QUALCOMM (NASDAQ:QCOMGet Rating) last announced its earnings results on Wednesday, April 27th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.19. QUALCOMM had a net margin of 28.42% and a return on equity of 103.73%. The company had revenue of $11.16 billion for the quarter, compared to the consensus estimate of $10.58 billion. During the same period in the previous year, the business earned $1.59 EPS. Research analysts predict that QUALCOMM Incorporated will post 11.12 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Thursday, June 2nd will be paid a $0.75 dividend. The ex-dividend date is Wednesday, June 1st. This is an increase from QUALCOMM’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.47%. QUALCOMM’s dividend payout ratio is 30.71%.

A number of analysts have recently commented on QCOM shares. KeyCorp upped their price objective on QUALCOMM from $200.00 to $220.00 in a report on Monday, June 13th. Morgan Stanley upped their price objective on QUALCOMM from $167.00 to $170.00 in a report on Thursday, April 28th. UBS Group lowered their price target on QUALCOMM from $185.00 to $155.00 in a report on Thursday, April 28th. Wells Fargo & Company lowered their price target on QUALCOMM from $185.00 to $150.00 in a report on Thursday, April 28th. Finally, Susquehanna Bancshares lowered their price target on QUALCOMM from $190.00 to $165.00 in a report on Thursday, April 28th. Nine equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.48.

About QUALCOMM (Get Rating)

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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