Narus Financial Partners LLC Has $595,000 Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Narus Financial Partners LLC decreased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,515 shares of the wireless technology company’s stock after selling 100 shares during the quarter. Narus Financial Partners LLC’s holdings in QUALCOMM were worth $595,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. boosted its holdings in shares of QUALCOMM by 102.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 122 shares in the last quarter. CarsonAllaria Wealth Management Ltd. raised its holdings in shares of QUALCOMM by 327.1% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 205 shares of the wireless technology company’s stock valued at $30,000 after buying an additional 157 shares during the last quarter. DiNuzzo Private Wealth Inc. bought a new stake in QUALCOMM during the 4th quarter worth about $32,000. Cherry Tree Wealth Management LLC increased its position in QUALCOMM by 95.0% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 236 shares of the wireless technology company’s stock valued at $34,000 after acquiring an additional 115 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $35,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Mizuho lifted their target price on QUALCOMM from $180.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Susquehanna raised their target price on shares of QUALCOMM from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, April 10th. Wolfe Research lifted their price target on shares of QUALCOMM from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Bank of America increased their price objective on shares of QUALCOMM from $180.00 to $245.00 and gave the company a “buy” rating in a report on Friday, May 31st. Finally, HSBC lifted their target price on shares of QUALCOMM from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.13.

Insider Transactions at QUALCOMM

In related news, Director Sylvia Acevedo sold 744 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $181.52, for a total value of $135,050.88. Following the completion of the transaction, the director now directly owns 54 shares of the company’s stock, valued at $9,802.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Sylvia Acevedo sold 744 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $181.52, for a total value of $135,050.88. Following the completion of the sale, the director now directly owns 54 shares of the company’s stock, valued at $9,802.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Neil Smit sold 3,069 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $200.94, for a total transaction of $616,684.86. Following the completion of the transaction, the director now directly owns 5,902 shares in the company, valued at $1,185,947.88. The disclosure for this sale can be found here. Insiders have sold a total of 45,185 shares of company stock worth $8,456,475 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 0.6 %

Shares of QCOM stock traded down $1.21 during trading on Tuesday, reaching $198.82. The company’s stock had a trading volume of 2,707,645 shares, compared to its average volume of 9,297,767. QUALCOMM Incorporated has a one year low of $104.33 and a one year high of $230.63. The business has a fifty day moving average price of $195.82 and a 200-day moving average price of $169.67. The company has a market cap of $221.88 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 2.42 and a beta of 1.27. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.11. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. The firm had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.32 billion. Analysts anticipate that QUALCOMM Incorporated will post 7.85 earnings per share for the current year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th were given 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 was Thursday, May 30th. This represents a $3.40 annualized dividend and a dividend yield of 1.71%. QUALCOMM’s payout ratio is 45.70%.

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, computing, multimedia, and position location products.