McGlone Suttner Wealth Management Inc. Has $370,000 Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

McGlone Suttner Wealth Management Inc. lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,557 shares of the wireless technology company’s stock after acquiring an additional 316 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in QUALCOMM were worth $370,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Meadow Creek Wealth Advisors LLC acquired a new position in shares of QUALCOMM during the 4th quarter worth about $341,000. Saxon Interests Inc. acquired a new position in shares of QUALCOMM during the 4th quarter worth about $324,000. Franklin Street Advisors Inc. NC lifted its position in shares of QUALCOMM by 8.4% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 5,164 shares of the wireless technology company’s stock worth $747,000 after purchasing an additional 400 shares during the last quarter. Ritholtz Wealth Management raised its holdings in QUALCOMM by 1.2% in the 4th quarter. Ritholtz Wealth Management now owns 16,147 shares of the wireless technology company’s stock valued at $2,335,000 after acquiring an additional 188 shares in the last quarter. Finally, Accel Wealth Management raised its holdings in QUALCOMM by 8.0% in the 4th quarter. Accel Wealth Management now owns 3,754 shares of the wireless technology company’s stock valued at $543,000 after acquiring an additional 279 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the subject of several recent research reports. Mizuho upped their price target on QUALCOMM from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Morgan Stanley cut QUALCOMM from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $119.00 to $132.00 in a report on Friday, December 8th. Canaccord Genuity Group increased their target price on QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Piper Sandler increased their target price on QUALCOMM from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, Citigroup cut QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 target price for the company. in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, QUALCOMM presently has an average rating of “Moderate Buy” and an average target price of $148.71.

QUALCOMM Trading Up 0.1 %

Shares of NASDAQ:QCOM traded up $0.17 during midday trading on Thursday, hitting $169.30. The company had a trading volume of 5,323,053 shares, compared to its average volume of 9,007,399. QUALCOMM Incorporated has a 12 month low of $101.47 and a 12 month high of $177.59. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. The stock has a market cap of $188.94 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 2.28 and a beta of 1.41. The firm has a fifty day simple moving average of $157.64 and a 200 day simple moving average of $135.88.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.43. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.50 billion. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. On average, analysts predict that QUALCOMM Incorporated will post 7.67 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, February 28th. QUALCOMM’s payout ratio is presently 46.38%.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 371 shares of QUALCOMM stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total value of $55,586.93. Following the sale, the chief accounting officer now owns 689 shares of the company’s stock, valued at approximately $103,232.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other QUALCOMM news, CAO Neil Martin sold 371 shares of QUALCOMM stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total value of $55,586.93. Following the sale, the chief accounting officer now owns 689 shares of the company’s stock, valued at approximately $103,232.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James J. Cathey sold 1,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $139.00, for a total value of $139,000.00. Following the completion of the transaction, the insider now owns 4,972 shares of the company’s stock, valued at approximately $691,108. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,360 shares of company stock valued at $5,457,048. 0.08% of the stock is owned by company insiders.

QUALCOMM Company 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.