Collective Family Office LLC Has $688,000 Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Collective Family Office LLC lowered its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 11.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,191 shares of the wireless technology company’s stock after selling 655 shares during the period. Collective Family Office LLC’s holdings in QUALCOMM were worth $688,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Xcel Wealth Management LLC grew its holdings in QUALCOMM by 1.2% during the fourth quarter. Xcel Wealth Management LLC now owns 5,934 shares of the wireless technology company’s stock worth $903,000 after purchasing an additional 70 shares during the period. PDS Planning Inc boosted its holdings in shares of QUALCOMM by 3.9% during the fourth quarter. PDS Planning Inc now owns 1,867 shares of the wireless technology company’s stock worth $284,000 after acquiring an additional 70 shares during the period. Bedel Financial Consulting Inc. boosted its holdings in shares of QUALCOMM by 19.5% during the fourth quarter. Bedel Financial Consulting Inc. now owns 459 shares of the wireless technology company’s stock worth $70,000 after acquiring an additional 75 shares during the period. Intrust Bank NA boosted its holdings in shares of QUALCOMM by 0.6% during the fourth quarter. Intrust Bank NA now owns 12,303 shares of the wireless technology company’s stock worth $1,874,000 after acquiring an additional 76 shares during the period. Finally, Liberty Wealth Management LLC boosted its holdings in shares of QUALCOMM by 12.4% during the fourth quarter. Liberty Wealth Management LLC now owns 699 shares of the wireless technology company’s stock worth $112,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 74.76% of the company’s stock.

Shares of NASDAQ:QCOM traded up $2.67 during trading on Thursday, hitting $137.42. 219,470 shares of the company were exchanged, compared to its average volume of 10,613,975. The business’s 50 day moving average is $133.82 and its 200-day moving average is $141.11. The company has a market capitalization of $156.11 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34. The company has a quick ratio of 1.84, a current ratio of 2.14 and a debt-to-equity ratio of 2.51. QUALCOMM Incorporated has a 1-year low of $71.75 and a 1-year high of $167.94.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 3rd. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.07. QUALCOMM had a net margin of 22.09% and a return on equity of 90.74%. The company had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the prior year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up 62.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that QUALCOMM Incorporated will post 6.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 24th. Investors of record on Thursday, June 3rd will be paid a $0.68 dividend. This is a boost from QUALCOMM’s previous quarterly dividend of $0.65. This represents a $2.72 annualized dividend and a dividend yield of 1.98%. QUALCOMM’s payout ratio is currently 77.84%.

A number of equities research analysts have recently issued reports on the company. Rosenblatt Securities boosted their price objective on QUALCOMM from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. JPMorgan Chase & Co. reduced their price objective on QUALCOMM from $185.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, March 10th. Cascend Securities lifted their price target on shares of QUALCOMM from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, February 2nd. Robert W. Baird initiated coverage on shares of QUALCOMM in a research report on Tuesday, December 22nd. They issued an “outperform” rating and a $200.00 price target for the company. Finally, Mizuho lifted their price target on shares of QUALCOMM from $163.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, February 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $160.88.

About QUALCOMM

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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