Blackston Financial Advisory Group LLC Buys 149 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Blackston Financial Advisory Group LLC grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,070 shares of the wireless technology company’s stock after buying an additional 149 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in QUALCOMM were worth $318,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. VisionPoint Advisory Group LLC lifted its position in shares of QUALCOMM by 79.3% in the 4th quarter. VisionPoint Advisory Group LLC now owns 1,736 shares of the wireless technology company’s stock worth $267,000 after acquiring an additional 768 shares during the period. Bank of Stockton raised its stake in shares of QUALCOMM by 4.4% in the fourth quarter. Bank of Stockton now owns 11,380 shares of the wireless technology company’s stock valued at $1,748,000 after purchasing an additional 482 shares in the last quarter. Crumly & Associates Inc. lifted its position in QUALCOMM by 4.2% in the fourth quarter. Crumly & Associates Inc. now owns 3,576 shares of the wireless technology company’s stock worth $549,000 after purchasing an additional 144 shares during the period. Bradley Foster & Sargent Inc. CT boosted its stake in QUALCOMM by 2.3% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 39,103 shares of the wireless technology company’s stock worth $6,007,000 after buying an additional 880 shares in the last quarter. Finally, Physicians Financial Services Inc. increased its holdings in QUALCOMM by 1.1% in the 4th quarter. Physicians Financial Services Inc. now owns 17,344 shares of the wireless technology company’s stock valued at $2,664,000 after buying an additional 195 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $165.43 on Friday. QUALCOMM Incorporated has a 1 year low of $149.43 and a 1 year high of $230.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The business has a fifty day simple moving average of $164.46 and a two-hundred day simple moving average of $165.72. The company has a market capitalization of $182.97 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.03 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.06%. QUALCOMM’s dividend payout ratio (DPR) is currently 36.32%.

Insider Transactions at QUALCOMM

In related news, CAO Neil Martin sold 744 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the transaction, the chief accounting officer now directly owns 461 shares in the company, valued at approximately $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the completion of the transaction, the general counsel now directly owns 19,739 shares in the company, valued at $3,121,130.68. The trade was a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,708 shares of company stock valued at $7,713,734. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of analyst reports. Sanford C. Bernstein upped their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. StockNews.com upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating in a research report on Friday. Melius Research assumed coverage on QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 price target on the stock. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and an average price target of $205.32.

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.