Valmark Advisers Inc. Purchases 524 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Valmark Advisers Inc. grew its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 19.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,267 shares of the wireless technology company’s stock after buying an additional 524 shares during the period. Valmark Advisers Inc.’s holdings in QUALCOMM were worth $502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Csenge Advisory Group boosted its stake in QUALCOMM by 2.5% in the fourth quarter. Csenge Advisory Group now owns 6,425 shares of the wireless technology company’s stock valued at $987,000 after acquiring an additional 154 shares in the last quarter. Hourglass Capital LLC lifted its holdings in shares of QUALCOMM by 15.3% during the 4th quarter. Hourglass Capital LLC now owns 25,915 shares of the wireless technology company’s stock valued at $3,981,000 after purchasing an additional 3,430 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in shares of QUALCOMM by 0.4% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 68,175 shares of the wireless technology company’s stock worth $10,473,000 after purchasing an additional 298 shares in the last quarter. Secured Retirement Advisors LLC grew its stake in QUALCOMM by 68.1% during the 4th quarter. Secured Retirement Advisors LLC now owns 19,849 shares of the wireless technology company’s stock worth $3,049,000 after buying an additional 8,042 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its position in QUALCOMM by 10.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 3,762 shares of the wireless technology company’s stock valued at $578,000 after buying an additional 347 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

QCOM has been the subject of several recent analyst reports. Evercore ISI lowered their price target on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. Morgan Stanley lowered their target price on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Benchmark restated a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research note on Friday, February 7th. Cantor Fitzgerald reiterated a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. Finally, Wells Fargo & Company upped their target price on QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and a consensus target price of $205.32.

Insider Activity at QUALCOMM

In other news, insider Alexander H. Rogers sold 10,373 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the sale, the insider now directly owns 33,383 shares in the company, valued at $5,360,975.97. This represents a 23.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,268 shares of company stock valued at $7,785,781. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $172.23 on Tuesday. The company has a market capitalization of $190.49 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.80 and a beta of 1.25. QUALCOMM Incorporated has a 12-month low of $148.90 and a 12-month high of $230.63. The business’s 50 day moving average is $163.13 and its two-hundred day moving average is $165.39. The company has a current ratio of 2.62, a quick ratio of 1.79 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. Analysts expect that QUALCOMM Incorporated will post 9.19 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 1.97%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

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.