Global Wealth Management Investment Advisory Inc. Has $3.60 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Global Wealth Management Investment Advisory Inc. decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,898 shares of the wireless technology company’s stock after selling 1,173 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in QUALCOMM were worth $3,601,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management raised its holdings in shares of QUALCOMM by 3.8% during the third quarter. Brookstone Capital Management now owns 30,966 shares of the wireless technology company’s stock worth $3,446,000 after acquiring an additional 1,143 shares in the last quarter. RMR Wealth Builders acquired a new stake in shares of QUALCOMM during the 3rd quarter valued at about $519,000. Accurate Wealth Management LLC grew its stake in shares of QUALCOMM by 72.0% in the 3rd quarter. Accurate Wealth Management LLC now owns 5,306 shares of the wireless technology company’s stock valued at $595,000 after buying an additional 2,222 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in QUALCOMM by 9.6% in the third quarter. Hexagon Capital Partners LLC now owns 2,330 shares of the wireless technology company’s stock worth $259,000 after buying an additional 204 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in QUALCOMM by 8.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 532,415 shares of the wireless technology company’s stock valued at $59,130,000 after acquiring an additional 42,805 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Neil Martin sold 371 shares of QUALCOMM stock in a transaction 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 completion of the sale, the chief accounting officer now owns 689 shares of the company’s stock, valued at approximately $103,232.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other QUALCOMM news, CAO Neil Martin sold 371 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $159.39, for a total transaction of $1,275,120.00. Following the completion of the transaction, the chief technology officer now directly owns 269,893 shares of the company’s stock, valued at $43,018,245.27. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,260 shares of company stock worth $5,973,728. 0.08% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on QCOM. Mizuho increased their target price on shares of QUALCOMM from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Cantor Fitzgerald boosted their price objective on QUALCOMM from $150.00 to $190.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Benchmark initiated coverage on shares of QUALCOMM in a research report on Tuesday, April 23rd. They issued a “buy” rating and a $200.00 price target on the stock. TD Cowen upped their price objective on shares of QUALCOMM from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, KeyCorp lifted their target price on QUALCOMM from $180.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $160.68.

QUALCOMM Price Performance

QUALCOMM stock traded down $1.61 during mid-day trading on Wednesday, reaching $164.24. 3,629,521 shares of the company were exchanged, compared to its average volume of 8,418,979. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.56 and a quick ratio of 1.88. QUALCOMM Incorporated has a 12 month low of $101.47 and a 12 month high of $177.59. The firm has a market cap of $183.29 billion, a PE ratio of 23.93, a PEG ratio of 2.32 and a beta of 1.41. The company has a fifty day simple moving average of $166.45 and a 200-day simple moving average of $145.75.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.43. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. As a group, equities research analysts expect that QUALCOMM Incorporated will post 7.64 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be issued a $0.85 dividend. 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. This represents a $3.40 annualized dividend and a yield of 2.07%. QUALCOMM’s payout ratio is presently 46.38%.

QUALCOMM Company 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.