Atria Investments Inc Has $19.18 Million Stock Position in QUALCOMM Incorporated $QCOM

Atria Investments Inc lessened its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 120,421 shares of the wireless technology company’s stock after selling 2,522 shares during the quarter. Atria Investments Inc’s holdings in QUALCOMM were worth $19,178,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in QCOM. Guinness Asset Management LTD lifted its stake in QUALCOMM by 11.6% in the second quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after buying an additional 5,779 shares during the period. CORDA Investment Management LLC. lifted its position in shares of QUALCOMM by 18.6% during the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after acquiring an additional 3,524 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in QUALCOMM by 565.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock worth $19,098,000 after acquiring an additional 105,631 shares in the last quarter. PFG Advisors grew its holdings in QUALCOMM by 8.0% in the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock worth $663,000 after purchasing an additional 321 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in QUALCOMM by 12.3% in the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock worth $203,904,000 after purchasing an additional 145,509 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 1.3%

QUALCOMM stock opened at $178.67 on Thursday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The firm’s 50-day simple moving average is $164.93 and its 200 day simple moving average is $156.11. The stock has a market cap of $192.78 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.33 EPS. Research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. QUALCOMM’s dividend payout ratio (DPR) is currently 34.33%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 8,335 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the completion of the transaction, the chief financial officer owned 36,541 shares in the company, valued at $6,067,998.46. This trade represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 168,102 shares of company stock worth $27,706,855. 0.08% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on QCOM shares. Rosenblatt Securities restated a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Tuesday. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a report on Tuesday, August 26th. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Finally, Mizuho dropped their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $183.95.

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.