Hollencrest Capital Management Has $789,000 Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Hollencrest Capital Management cut its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 32.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,638 shares of the wireless technology company’s stock after selling 2,180 shares during the quarter. Hollencrest Capital Management’s holdings in QUALCOMM were worth $789,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in QCOM. Leelyn Smith LLC acquired a new position in QUALCOMM in the first quarter valued at approximately $208,000. Envestnet Portfolio Solutions Inc. raised its position in shares of QUALCOMM by 3.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 60,297 shares of the wireless technology company’s stock worth $10,208,000 after purchasing an additional 2,018 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of QUALCOMM by 3.2% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,405 shares of the wireless technology company’s stock worth $2,100,000 after purchasing an additional 384 shares during the period. PFG Advisors raised its position in shares of QUALCOMM by 6.9% during the first quarter. PFG Advisors now owns 3,453 shares of the wireless technology company’s stock worth $585,000 after purchasing an additional 223 shares during the period. Finally, Zevenbergen Capital Investments LLC raised its position in shares of QUALCOMM by 289.9% during the first quarter. Zevenbergen Capital Investments LLC now owns 92,602 shares of the wireless technology company’s stock worth $15,678,000 after purchasing an additional 68,850 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Price Performance

QCOM traded down $3.80 during trading on Friday, reaching $169.11. 2,593,398 shares of the company were exchanged, compared to its average volume of 9,002,627. The company’s 50-day moving average is $168.55 and its two-hundred day moving average is $182.14. The company has a market cap of $188.39 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 1.66 and a beta of 1.28. The company has a quick ratio of 1.78, a current ratio of 2.39 and a debt-to-equity ratio of 0.53. QUALCOMM Incorporated has a 12-month low of $119.85 and a 12-month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $9.90 billion. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. Research analysts forecast that QUALCOMM Incorporated will post 8.02 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.01%. QUALCOMM’s dividend payout ratio (DPR) is 44.04%.

Analysts Set New Price Targets

QCOM has been the topic of a number of research reports. TD Cowen raised QUALCOMM to a “strong-buy” rating in a research report on Monday, September 16th. Evercore ISI upped their target price on QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research report on Thursday. UBS Group upped their target price on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday. Sanford C. Bernstein upped their target price on QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, DZ Bank upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $212.16.

Insider Buying and Selling

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the sale, the general counsel now owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Alexander H. Rogers sold 3,245 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total transaction of $539,156.75. Following the transaction, the insider now directly owns 32,231 shares in the company, valued at approximately $5,355,180.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares in the company, valued at $1,981,875.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,146 shares of company stock valued at $2,709,186. Corporate insiders own 0.08% of the company’s stock.

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.