Catalyst Capital Advisors LLC Has $82,000 Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Catalyst Capital Advisors LLC lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 73.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 641 shares of the wireless technology company’s stock after selling 1,734 shares during the period. Catalyst Capital Advisors LLC’s holdings in QUALCOMM were worth $82,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Corrado Advisors LLC acquired a new position in QUALCOMM during the fourth quarter valued at approximately $27,000. Ruedi Wealth Management Inc. acquired a new position in QUALCOMM during the fourth quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group grew its holdings in QUALCOMM by 53.9% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 257 shares of the wireless technology company’s stock valued at $28,000 after purchasing an additional 90 shares during the last quarter. TD Capital Management LLC grew its holdings in QUALCOMM by 118.8% during the first quarter. TD Capital Management LLC now owns 221 shares of the wireless technology company’s stock valued at $28,000 after purchasing an additional 120 shares during the last quarter. Finally, Tanglewood Legacy Advisors LLC acquired a new stake in shares of QUALCOMM in the fourth quarter worth $32,000. Institutional investors and hedge funds own 71.10% of the company’s stock.

QUALCOMM Stock Down 0.2 %

Shares of NASDAQ QCOM opened at $106.14 on Monday. The stock has a market cap of $118.45 billion, a PE ratio of 13.89, a PEG ratio of 1.04 and a beta of 1.23. The business has a fifty day moving average of $117.66 and a two-hundred day moving average of $117.32. QUALCOMM Incorporated has a 52-week low of $101.47 and a 52-week high of $139.94. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 2.42.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, August 2nd. The wireless technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. QUALCOMM had a return on equity of 45.94% and a net margin of 22.33%. The business had revenue of $8.45 billion during the quarter, compared to analysts’ expectations of $8.51 billion. As a group, equities research analysts expect that QUALCOMM Incorporated will post 6.41 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 31st will be issued a $0.80 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.01%. QUALCOMM’s dividend payout ratio is 41.88%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on QCOM shares. Bank of America raised their price objective on shares of QUALCOMM from $130.00 to $145.00 in a research note on Friday, June 16th. Piper Sandler raised their price objective on shares of QUALCOMM from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, August 3rd. Mizuho restated a “buy” rating and issued a $140.00 price objective on shares of QUALCOMM in a research note on Wednesday, August 23rd. Deutsche Bank Aktiengesellschaft downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $130.00 to $121.00 in a research note on Thursday, August 3rd. Finally, StockNews.com started coverage on shares of QUALCOMM in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.26.

Insider Activity at QUALCOMM

In related news, insider James J. Cathey sold 1,000 shares of QUALCOMM stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $114.16, for a total value of $114,160.00. Following the completion of the transaction, the insider now directly owns 6,745 shares of the company’s stock, valued at $770,009.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.07% of the stock is currently owned by company insiders.

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, application processing, multimedia, and global positioning system products.