QUALCOMM Incorporated (NASDAQ:QCOM) Stock Holdings Lessened by Silver Lake Advisory LLC

Silver Lake Advisory LLC trimmed its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,035 shares of the wireless technology company’s stock after selling 440 shares during the quarter. QUALCOMM makes up 1.1% of Silver Lake Advisory LLC’s holdings, making the stock its 18th largest holding. Silver Lake Advisory LLC’s holdings in QUALCOMM were worth $7,377,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of QCOM. WFA Asset Management Corp purchased a new position in QUALCOMM during the 1st quarter worth approximately $27,000. Financial Connections Group Inc. acquired a new stake in shares of QUALCOMM in the second quarter worth $32,000. Aspect Partners LLC grew its holdings in shares of QUALCOMM by 71.8% during the second quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company’s stock valued at $35,000 after buying an additional 74 shares in the last quarter. Richardson Capital Management LLC purchased a new stake in QUALCOMM in the 1st quarter worth about $37,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in QUALCOMM during the 4th quarter worth about $39,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $199.47, for a total transaction of $1,595,760.00. Following the completion of the transaction, the chief technology officer now directly owns 237,893 shares of the company’s stock, valued at approximately $47,452,516.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $199.47, for a total transaction of $1,595,760.00. Following the completion of the sale, the chief technology officer now directly owns 237,893 shares of the company’s stock, valued at approximately $47,452,516.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $205.61, for a total value of $616,830.00. Following the completion of the transaction, the chief financial officer now directly owns 60,343 shares in the company, valued at approximately $12,407,124.23. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,000 shares of company stock worth $3,496,590. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Trading Down 1.5 %

Shares of QCOM stock opened at $170.13 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.78 and a current ratio of 2.39. The firm has a fifty day moving average of $169.66 and a 200-day moving average of $182.05. QUALCOMM Incorporated has a 52-week low of $104.33 and a 52-week high of $230.63. The stock has a market cap of $189.52 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 1.83 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.21. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. The firm had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.23 billion. On average, equities research analysts forecast that QUALCOMM Incorporated will post 8 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.85 per share. The ex-dividend date was Thursday, September 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.00%. QUALCOMM’s payout ratio is presently 45.70%.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of research analyst reports. Robert W. Baird increased their price target on shares of QUALCOMM from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Wolfe Research downgraded shares of QUALCOMM from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. StockNews.com raised QUALCOMM from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Piper Sandler reaffirmed an “overweight” rating and set a $205.00 price target (up from $185.00) on shares of QUALCOMM in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. lowered their price target on QUALCOMM from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $211.67.

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.