Vestmark Advisory Solutions Inc. Has $1.40 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Vestmark Advisory Solutions Inc. lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 57.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,679 shares of the wireless technology company’s stock after purchasing an additional 3,522 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in QUALCOMM were worth $1,400,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Lindbrook Capital LLC increased its holdings in QUALCOMM by 17.8% during the third quarter. Lindbrook Capital LLC now owns 4,555 shares of the wireless technology company’s stock worth $506,000 after buying an additional 688 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its position in QUALCOMM by 4.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 6,045 shares of the wireless technology company’s stock worth $671,000 after purchasing an additional 269 shares during the period. Oak Asset Management LLC boosted its position in QUALCOMM by 0.5% during the third quarter. Oak Asset Management LLC now owns 66,632 shares of the wireless technology company’s stock worth $7,400,000 after purchasing an additional 352 shares during the period. Access Financial Services Inc. boosted its position in QUALCOMM by 1.4% during the third quarter. Access Financial Services Inc. now owns 16,520 shares of the wireless technology company’s stock worth $1,835,000 after purchasing an additional 225 shares during the period. Finally, Calamos Wealth Management LLC boosted its position in QUALCOMM by 12.9% during the third quarter. Calamos Wealth Management LLC now owns 2,207 shares of the wireless technology company’s stock worth $245,000 after purchasing an additional 252 shares during the period. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Performance

NASDAQ QCOM traded up $1.39 on Monday, hitting $181.03. 702,978 shares of the stock traded hands, compared to its average volume of 8,662,666. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.98 and a current ratio of 2.65. The firm has a market capitalization of $202.03 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 2.27 and a beta of 1.33. QUALCOMM Incorporated has a 12 month low of $101.47 and a 12 month high of $183.19. The business’s fifty day moving average is $167.69 and its two-hundred day moving average is $147.08.

QUALCOMM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be paid a $0.85 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.40 annualized dividend and a yield of 1.88%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. QUALCOMM’s dividend payout ratio (DPR) is currently 43.01%.

Insider Activity

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $173.49, for a total transaction of $520,470.00. Following the transaction, the chief financial officer now directly owns 69,343 shares of the company’s stock, valued at approximately $12,030,317.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $173.49, for a total value of $520,470.00. Following the transaction, the chief financial officer now directly owns 69,343 shares of the company’s stock, valued at approximately $12,030,317.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Neil Martin sold 371 shares of the business’s stock in a transaction that occurred 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 $103,232.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,260 shares of company stock worth $7,429,728. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on QCOM. Wolfe Research lifted their price objective on shares of QUALCOMM from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday. Piper Sandler upped their target price on QUALCOMM from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Company upped their target price on QUALCOMM from $120.00 to $140.00 and gave the stock an “underweight” rating in a research note on Thursday. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of QUALCOMM in a report on Friday. Finally, Canaccord Genuity Group upped their price target on shares of QUALCOMM from $180.00 to $206.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $179.36.

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.