Wayfinding Financial LLC Buys 94 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Wayfinding Financial LLC grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.8% during the 1st quarter, HoldingsChannel reports. The firm owned 2,547 shares of the wireless technology company’s stock after acquiring an additional 94 shares during the quarter. Wayfinding Financial LLC’s holdings in QUALCOMM were worth $391,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of QCOM. Banque Transatlantique SA bought a new stake in shares of QUALCOMM in the 4th quarter valued at approximately $26,000. WFA Asset Management Corp acquired a new position in shares of QUALCOMM in the 1st quarter worth approximately $27,000. Sunbeam Capital Management LLC acquired a new position in shares of QUALCOMM in the 4th quarter worth approximately $29,000. Mascagni Wealth Management Inc. acquired a new position in shares of QUALCOMM in the 4th quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of QUALCOMM in the 4th quarter worth approximately $31,000. 74.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

QCOM has been the topic of several recent analyst reports. Seaport Res Ptn raised QUALCOMM to a “hold” rating in a report on Friday, May 9th. Loop Capital reduced their target price on QUALCOMM from $180.00 to $155.00 and set a “hold” rating on the stock in a report on Thursday, May 1st. Evercore ISI reduced their target price on QUALCOMM from $179.00 to $157.00 and set an “in-line” rating on the stock in a report on Friday, May 2nd. Benchmark reduced their price objective on QUALCOMM from $240.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, Robert W. Baird reduced their price objective on QUALCOMM from $250.00 to $216.00 and set an “outperform” rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Hold” and a consensus target price of $186.96.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $161.28, for a total transaction of $537,546.24. Following the completion of the sale, the chief financial officer owned 46,446 shares of the company’s stock, valued at approximately $7,490,810.88. The trade was a 6.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total value of $6,600,000.00. The disclosure for this sale can be found here. Insiders have sold 425,016 shares of company stock worth $8,437,440 over the last 90 days. 0.08% of the stock is owned by company insiders.

QUALCOMM Trading Down 0.1%

NASDAQ:QCOM opened at $162.11 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.73 and a quick ratio of 2.08. The firm has a 50-day moving average of $151.32 and a 200-day moving average of $154.93. The company has a market cap of $177.99 billion, a PE ratio of 16.51, a PEG ratio of 2.09 and a beta of 1.26. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $211.09.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.03. QUALCOMM had a net margin of 26.11% and a return on equity of 40.11%. The firm had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $10.58 billion. During the same period in the prior year, the firm earned $2.44 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, June 5th. This is a boost from QUALCOMM’s previous quarterly dividend of $0.85. QUALCOMM’s dividend payout ratio (DPR) is presently 36.25%.

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.