AJOVista LLC Invests $145,000 in QUALCOMM Incorporated (NASDAQ:QCOM)

AJOVista LLC acquired a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) in the 4th quarter, Holdings Channel reports. The fund acquired 1,003 shares of the wireless technology company’s stock, valued at approximately $145,000.

Other large investors also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. increased its position in shares of QUALCOMM by 102.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 122 shares during the period. Legacy Financial Group LLC acquired a new position in QUALCOMM in the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. purchased a new position in QUALCOMM during the 4th quarter worth approximately $32,000. Fortitude Family Office LLC acquired a new stake in QUALCOMM during the 4th quarter valued at approximately $35,000. Finally, Cranbrook Wealth Management LLC boosted its holdings in shares of QUALCOMM by 68.0% in the 4th quarter. Cranbrook Wealth Management LLC now owns 247 shares of the wireless technology company’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Down 0.3 %

QCOM stock traded down $0.46 during trading on Friday, reaching $179.64. 10,043,912 shares of the stock were exchanged, compared to its average volume of 8,171,053. The company has a current ratio of 2.65, a quick ratio of 1.88 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $200.48 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.47 and a beta of 1.33. The business has a 50 day moving average price of $167.69 and a 200-day moving average price of $146.59. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $183.19.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 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 37.09%. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. On average, research analysts predict that QUALCOMM Incorporated will post 7.64 earnings per share for the current year.

QUALCOMM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be given a $0.85 dividend. 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%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. QUALCOMM’s payout ratio is currently 43.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on QCOM shares. Robert W. Baird boosted their price objective on QUALCOMM from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group boosted their price target on QUALCOMM from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday. Mizuho raised their price objective on shares of QUALCOMM from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday. Canaccord Genuity Group boosted their target price on shares of QUALCOMM from $180.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Evercore ISI started coverage on shares of QUALCOMM in a research report on Tuesday, April 16th. They set an “in-line” rating and a $177.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.36.

Insider Activity

In related news, CAO Neil Martin sold 371 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was 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 of the company’s stock, valued at approximately $103,232.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other QUALCOMM news, CAO Neil Martin sold 371 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 689 shares of the company’s stock, valued at $103,232.87. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Cristiano R. Amon sold 8,100 shares of QUALCOMM stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $159.50, for a total transaction of $1,291,950.00. Following the sale, the chief executive officer now owns 24,300 shares of the company’s stock, valued at $3,875,850. The disclosure for this sale can be found here. Insiders have sold a total of 44,260 shares of company stock valued at $7,429,728 in the last quarter. Insiders own 0.08% of the company’s stock.

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.