Crown Wealth Group LLC Has $207,000 Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Crown Wealth Group LLC increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,347 shares of the wireless technology company’s stock after purchasing an additional 74 shares during the quarter. Crown Wealth Group LLC’s holdings in QUALCOMM were worth $207,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in QCOM. Motiv8 Investments LLC boosted its stake in shares of QUALCOMM by 61.6% during the 4th quarter. Motiv8 Investments LLC now owns 6,464 shares of the wireless technology company’s stock worth $993,000 after buying an additional 2,463 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of QUALCOMM by 22,954.8% in the 4th quarter. Proficio Capital Partners LLC now owns 645,073 shares of the wireless technology company’s stock valued at $99,096,000 after acquiring an additional 642,275 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of QUALCOMM by 0.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 111,971 shares of the wireless technology company’s stock worth $17,201,000 after purchasing an additional 315 shares during the last quarter. Kovack Advisors Inc. raised its holdings in shares of QUALCOMM by 2.8% in the 4th quarter. Kovack Advisors Inc. now owns 12,847 shares of the wireless technology company’s stock valued at $1,974,000 after purchasing an additional 352 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its stake in QUALCOMM by 2.1% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 441,600 shares of the wireless technology company’s stock valued at $67,839,000 after purchasing an additional 9,200 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other news, CAO Neil Martin sold 744 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the sale, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total value of $509,400.00. Following the sale, the chief financial officer now owns 63,115 shares in the company, valued at approximately $10,716,927. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,708 shares of company stock worth $7,713,734 in the last quarter. 0.08% of the stock is owned by insiders.

QUALCOMM Stock Up 0.5 %

NASDAQ QCOM opened at $162.10 on Thursday. QUALCOMM Incorporated has a fifty-two week low of $149.43 and a fifty-two week high of $230.63. The business has a fifty day moving average price of $164.77 and a two-hundred day moving average price of $165.76. 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 stock has a market capitalization of $179.28 billion, a PE ratio of 17.32, a PEG ratio of 2.01 and a beta of 1.25.

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

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.10%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. StockNews.com raised QUALCOMM from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st. Evercore ISI decreased their target price on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. Benchmark restated a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a research note on Friday, February 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, Melius initiated coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and an average target price of $205.32.

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.