QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Charles Schwab Investment Advisory Inc.

Charles Schwab Investment Advisory Inc. lessened its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,064 shares of the wireless technology company’s stock after selling 212 shares during the quarter. Charles Schwab Investment Advisory Inc.’s holdings in QUALCOMM were worth $443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Lindbrook Capital LLC boosted its holdings in shares of QUALCOMM by 17.8% in the third quarter. Lindbrook Capital LLC now owns 4,555 shares of the wireless technology company’s stock valued at $506,000 after acquiring an additional 688 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in shares of QUALCOMM by 4.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 6,045 shares of the wireless technology company’s stock valued at $671,000 after buying an additional 269 shares during the period. Oak Asset Management LLC boosted its stake in shares of QUALCOMM by 0.5% in the third quarter. Oak Asset Management LLC now owns 66,632 shares of the wireless technology company’s stock valued at $7,400,000 after buying an additional 352 shares in the last quarter. Access Financial Services Inc. lifted its holdings in QUALCOMM by 1.4% in the third quarter. Access Financial Services Inc. now owns 16,520 shares of the wireless technology company’s stock valued at $1,835,000 after acquiring an additional 225 shares during the period. Finally, Calamos Wealth Management LLC boosted its position in shares of QUALCOMM by 12.9% during the 3rd 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 in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of research analyst reports. Evercore ISI began coverage on QUALCOMM in a research report on Tuesday, April 16th. They set an “in-line” rating and a $177.00 target price on the stock. Robert W. Baird increased their price target on shares of QUALCOMM from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Piper Sandler increased their target price on QUALCOMM from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Mizuho boosted their price target on QUALCOMM from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, TD Cowen increased their price objective on QUALCOMM from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and an average price target of $180.48.

QUALCOMM Stock Down 0.1 %

Shares of QUALCOMM stock traded down $0.17 during trading on Wednesday, reaching $179.98. The company had a trading volume of 3,480,129 shares, compared to its average volume of 8,667,103. The company has a market cap of $200.86 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 2.27 and a beta of 1.33. QUALCOMM Incorporated has a fifty-two week low of $101.47 and a fifty-two week high of $184.31. The firm’s fifty day moving average is $168.62 and its 200-day moving average is $148.09. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.98 and a current ratio of 2.65.

QUALCOMM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be paid a dividend of $0.85 per share. 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 1.89%. QUALCOMM’s dividend payout ratio is 45.70%.

Insider Activity at QUALCOMM

In related news, Director Sylvia Acevedo sold 2,056 shares of QUALCOMM stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.21, for a total value of $366,399.76. Following the sale, the director now directly owns 54 shares in the company, valued at approximately $9,623.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $182.00, for a total value of $1,456,000.00. Following the completion of the transaction, the chief technology officer now owns 253,893 shares in the company, valued at approximately $46,208,526. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sylvia Acevedo sold 2,056 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $178.21, for a total value of $366,399.76. Following the sale, the director now owns 54 shares in the company, valued at approximately $9,623.34. The disclosure for this sale can be found here. Insiders sold 46,316 shares of company stock worth $7,796,128 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

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.