Atria Investments Inc Acquires 12,344 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Atria Investments Inc increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 116,060 shares of the wireless technology company’s stock after buying an additional 12,344 shares during the period. Atria Investments Inc’s holdings in QUALCOMM were worth $19,736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. TCTC Holdings LLC lifted its stake in QUALCOMM by 1.0% in the 3rd quarter. TCTC Holdings LLC now owns 261,920 shares of the wireless technology company’s stock worth $44,539,000 after purchasing an additional 2,594 shares in the last quarter. Carmel Capital Partners LLC lifted its stake in QUALCOMM by 5.9% in the 3rd quarter. Carmel Capital Partners LLC now owns 15,314 shares of the wireless technology company’s stock worth $2,604,000 after purchasing an additional 855 shares in the last quarter. Lindbrook Capital LLC lifted its stake in QUALCOMM by 16.5% in the 3rd quarter. Lindbrook Capital LLC now owns 7,214 shares of the wireless technology company’s stock worth $1,227,000 after purchasing an additional 1,023 shares in the last quarter. Klingman & Associates LLC lifted its stake in QUALCOMM by 21.4% in the 3rd quarter. Klingman & Associates LLC now owns 1,790 shares of the wireless technology company’s stock worth $304,000 after purchasing an additional 315 shares in the last quarter. Finally, Wealth Quarterback LLC purchased a new stake in QUALCOMM in the 3rd quarter worth approximately $526,000. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Down 1.2 %

QCOM opened at $170.91 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.39 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average price of $168.53 and a 200-day moving average price of $182.15. QUALCOMM Incorporated has a twelve month low of $119.85 and a twelve month high of $230.63. The stock has a market capitalization of $190.39 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.76 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.25. The company had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 39.70%. Equities research analysts forecast that QUALCOMM Incorporated will post 8.62 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 annualized dividend and a yield of 1.99%. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total value of $1,358,400.00. Following the completion of the transaction, the chief technology officer now directly owns 213,364 shares in the company, valued at $36,229,207.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total value of $497,850.00. Following the completion of the transaction, the chief financial officer now directly owns 51,437 shares in the company, valued at $8,535,970.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the completion of the transaction, the chief technology officer now owns 213,364 shares of the company’s stock, valued at approximately $36,229,207.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,146 shares of company stock worth $2,709,186. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on QCOM shares. UBS Group increased their target price on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday. Susquehanna lowered their price objective on shares of QUALCOMM from $250.00 to $230.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Sanford C. Bernstein raised their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays raised their price objective on shares of QUALCOMM from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Westpark Capital restated a “hold” rating on shares of QUALCOMM in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $212.16.

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.