Horan Capital Advisors LLC. Decreases Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Horan Capital Advisors LLC. lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,323 shares of the wireless technology company’s stock after selling 1,146 shares during the period. QUALCOMM comprises about 2.0% of Horan Capital Advisors LLC.’s investment portfolio, making the stock its 11th biggest holding. Horan Capital Advisors LLC.’s holdings in QUALCOMM were worth $5,398,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bordeaux Wealth Advisors LLC bought a new stake in shares of QUALCOMM in the 4th quarter worth approximately $276,000. Loudon Investment Management LLC boosted its holdings in QUALCOMM by 0.9% in the fourth quarter. Loudon Investment Management LLC now owns 41,767 shares of the wireless technology company’s stock valued at $6,041,000 after acquiring an additional 382 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in QUALCOMM by 535.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 235,703 shares of the wireless technology company’s stock valued at $34,090,000 after purchasing an additional 198,627 shares during the period. Summit Global Investments raised its holdings in QUALCOMM by 5.2% in the 4th quarter. Summit Global Investments now owns 28,492 shares of the wireless technology company’s stock worth $4,121,000 after purchasing an additional 1,397 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of QUALCOMM by 899.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 475,064 shares of the wireless technology company’s stock worth $68,709,000 after purchasing an additional 427,516 shares during the period. Institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on QCOM shares. Rosenblatt Securities boosted their price target on shares of QUALCOMM from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. KeyCorp increased their target price on QUALCOMM from $180.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Wells Fargo & Company lifted their price target on QUALCOMM from $120.00 to $140.00 and gave the company an “underweight” rating in a research report on Thursday. TD Cowen increased their price objective on QUALCOMM from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Mizuho boosted their target price on shares of QUALCOMM from $160.00 to $180.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $179.36.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 371 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the sale, the chief accounting officer now directly owns 689 shares in the company, valued at approximately $103,232.87. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $159.39, for a total value of $1,275,120.00. Following the transaction, the chief technology officer now owns 269,893 shares of the company’s stock, valued at $43,018,245.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Neil Martin sold 371 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total transaction of $55,586.93. Following the sale, the chief accounting officer now owns 689 shares of the company’s stock, valued at $103,232.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,260 shares of company stock worth $7,429,728. 0.08% of the stock is owned by insiders.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM traded down $0.46 during midday trading on Friday, reaching $179.64. 10,041,403 shares of the company’s stock traded hands, compared to its average volume of 8,755,839. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56. QUALCOMM Incorporated has a one year low of $101.47 and a one year high of $183.19. The company has a market cap of $200.48 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 2.25 and a beta of 1.33. The stock has a 50 day moving average of $167.20 and a 200 day moving average of $146.11.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.43. QUALCOMM had a net margin of 23.03% and a return on equity of 38.24%. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.50 billion. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 7.64 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be given a dividend of $0.85 per share. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $3.40 dividend on an annualized basis and a yield of 1.89%. QUALCOMM’s dividend payout ratio is 49.28%.

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.