Exencial Wealth Advisors LLC Boosts Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Exencial Wealth Advisors LLC boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM – Get Rating) by 8.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,735 shares of the wireless technology company’s stock after buying an additional 5,312 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in QUALCOMM were worth $12,021,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bailard Inc. raised its position in QUALCOMM by 1.8% during the 4th quarter. Bailard Inc. now owns 124,985 shares of the wireless technology company’s stock worth $22,856,000 after buying an additional 2,246 shares during the last quarter. International Assets Investment Management LLC raised its position in QUALCOMM by 1.5% during the 4th quarter. International Assets Investment Management LLC now owns 7,399 shares of the wireless technology company’s stock worth $1,353,000 after buying an additional 108 shares during the last quarter. Ropes Wealth Advisors LLC increased its holdings in shares of QUALCOMM by 125.3% during the 4th quarter. Ropes Wealth Advisors LLC now owns 10,377 shares of the wireless technology company’s stock valued at $1,898,000 after purchasing an additional 5,772 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of QUALCOMM by 1.0% during the 4th quarter. Rhumbline Advisers now owns 1,860,309 shares of the wireless technology company’s stock valued at $340,195,000 after purchasing an additional 17,720 shares in the last quarter. Finally, L2 Asset Management LLC increased its holdings in shares of QUALCOMM by 382.8% during the 4th quarter. L2 Asset Management LLC now owns 13,263 shares of the wireless technology company’s stock valued at $2,425,000 after purchasing an additional 10,516 shares in the last quarter. 73.61% of the stock is owned by institutional investors.

Shares of NASDAQ QCOM traded up $3.16 during trading on Friday, hitting $134.93. 9,276,558 shares of the company were exchanged, compared to its average volume of 10,740,972. QUALCOMM Incorporated has a 12-month low of $122.17 and a 12-month high of $193.58. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.27 and a current ratio of 1.61. The company has a fifty day moving average price of $144.81 and a 200-day moving average price of $163.33. The firm has a market capitalization of $151.12 billion, a PE ratio of 13.81, a P/E/G ratio of 0.73 and a beta of 1.20.

QUALCOMM (NASDAQ:QCOM – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The wireless technology company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.67 by $0.19. QUALCOMM had a return on equity of 103.73% and a net margin of 28.42%. The business had revenue of $11.16 billion for the quarter, compared to analyst estimates of $10.58 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. Research analysts anticipate that QUALCOMM Incorporated will post 11.12 earnings per share for the current fiscal 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 issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, June 1st. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.68. QUALCOMM’s payout ratio is currently 27.84%.

Several research firms have recently weighed in on QCOM. Citigroup lifted their target price on shares of QUALCOMM from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, February 3rd. Robert W. Baird lifted their target price on shares of QUALCOMM from $200.00 to $250.00 in a report on Friday, February 4th. Canaccord Genuity Group lifted their target price on shares of QUALCOMM from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 3rd. Sanford C. Bernstein lifted their target price on shares of QUALCOMM from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, February 3rd. Finally, Canaccord Genuity Group lifted their price target on shares of QUALCOMM from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 3rd. Ten research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $194.77.

QUALCOMM Company Profile (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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