QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Good Life Advisors LLC

Good Life Advisors LLC raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 23.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,109 shares of the wireless technology company’s stock after acquiring an additional 589 shares during the period. Good Life Advisors LLC’s holdings in QUALCOMM were worth $370,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of QCOM. Moneta Group Investment Advisors LLC boosted its position in shares of QUALCOMM by 117,461.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,587,893 shares of the wireless technology company’s stock valued at $2,703,193,000 after acquiring an additional 24,566,978 shares during the last quarter. Norges Bank acquired a new position in QUALCOMM in the 4th quarter valued at about $1,467,351,000. Cowa LLC acquired a new position in QUALCOMM in the 1st quarter valued at about $94,000. Morgan Stanley grew its stake in shares of QUALCOMM by 22.2% in the 4th quarter. Morgan Stanley now owns 21,602,874 shares of the wireless technology company’s stock valued at $2,375,020,000 after buying an additional 3,929,586 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of QUALCOMM by 409.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,011,105 shares of the wireless technology company’s stock worth $331,039,000 after buying an additional 2,419,686 shares during the last quarter. 71.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at QUALCOMM

In other news, insider James J. Cathey sold 1,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $111.27, for a total transaction of $111,270.00. Following the completion of the transaction, the insider now directly owns 5,745 shares of the company’s stock, valued at approximately $639,246.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CTO James H. Thompson sold 27,962 shares of QUALCOMM stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $113.23, for a total transaction of $3,166,137.26. Following the sale, the chief technology officer now directly owns 241,369 shares in the company, valued at approximately $27,330,211.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James J. Cathey sold 1,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $111.27, for a total transaction of $111,270.00. Following the completion of the sale, the insider now directly owns 5,745 shares of the company’s stock, valued at $639,246.15. The disclosure for this sale can be found here. Insiders have sold a total of 29,962 shares of company stock worth $3,391,567 over the last ninety days. Corporate insiders own 0.07% of the company’s stock.

QUALCOMM Stock Performance

Shares of QCOM opened at $112.75 on Tuesday. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $139.94. The stock has a market capitalization of $124.03 billion, a PE ratio of 14.76, a PEG ratio of 1.10 and a beta of 1.23. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 2.42. The stock has a 50-day simple moving average of $117.12 and a 200-day simple moving average of $116.90.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, August 2nd. The wireless technology company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. QUALCOMM had a net margin of 22.33% and a return on equity of 45.94%. The company had revenue of $8.45 billion during the quarter, compared to the consensus estimate of $8.51 billion. On average, analysts predict that QUALCOMM Incorporated will post 6.41 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 31st will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.84%. The ex-dividend date is Wednesday, August 30th. QUALCOMM’s dividend payout ratio (DPR) is presently 41.88%.

Analyst Ratings Changes

Several brokerages recently weighed in on QCOM. Wells Fargo & Company increased their price objective on QUALCOMM from $95.00 to $100.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 12th. Wolfe Research initiated coverage on QUALCOMM in a research report on Wednesday, July 19th. They set an “outperform” rating and a $145.00 price objective for the company. StockNews.com cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. dropped their price target on shares of QUALCOMM from $159.00 to $148.00 in a research report on Thursday, August 3rd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $145.00 price objective on shares of QUALCOMM in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.96.

About QUALCOMM

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, application processing, multimedia, and global positioning system products.