Vicus Capital Has $560,000 Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Vicus Capital decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,647 shares of the wireless technology company’s stock after selling 185 shares during the period. Vicus Capital’s holdings in QUALCOMM were worth $560,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Inscription Capital LLC acquired a new stake in shares of QUALCOMM in the first quarter valued at approximately $401,000. Grove Bank & Trust grew its position in QUALCOMM by 43.4% in the first quarter. Grove Bank & Trust now owns 4,252 shares of the wireless technology company’s stock valued at $653,000 after purchasing an additional 1,286 shares in the last quarter. Grimes & Company Inc. increased its stake in QUALCOMM by 9.0% in the 1st quarter. Grimes & Company Inc. now owns 184,173 shares of the wireless technology company’s stock valued at $28,291,000 after buying an additional 15,233 shares during the last quarter. Stockman Wealth Management Inc. lifted its position in QUALCOMM by 669.3% during the 1st quarter. Stockman Wealth Management Inc. now owns 48,891 shares of the wireless technology company’s stock worth $7,510,000 after buying an additional 42,536 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of QUALCOMM by 4.7% during the 1st quarter. QRG Capital Management Inc. now owns 386,975 shares of the wireless technology company’s stock worth $59,443,000 after buying an additional 17,510 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Trading Down 1.5%

Shares of QUALCOMM stock opened at $154.46 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.08 and a current ratio of 2.73. The firm has a 50-day moving average of $146.71 and a 200-day moving average of $155.12. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $230.63. The stock has a market cap of $169.60 billion, a PE ratio of 15.73, a PEG ratio of 1.75 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.03. The business had revenue of $10.98 billion during the quarter, compared to analysts’ expectations of $10.58 billion. QUALCOMM had a net margin of 26.11% and a return on equity of 40.11%. The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.44 EPS. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.85. The ex-dividend date is Thursday, June 5th. QUALCOMM’s payout ratio is presently 36.25%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 269 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $131.10, for a total transaction of $35,265.90. Following the transaction, the chief financial officer now owns 57,728 shares in the company, valued at $7,568,140.80. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $137.74, for a total value of $220,384.00. Following the completion of the transaction, the insider now directly owns 22,793 shares of the company’s stock, valued at $3,139,507.82. This represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 423,464 shares of company stock worth $8,135,164. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on QCOM. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Thursday, May 1st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $185.00 price objective on shares of QUALCOMM in a research note on Tuesday, April 29th. Seaport Res Ptn raised shares of QUALCOMM to a “hold” rating in a research note on Friday, May 9th. Bank of America dropped their price target on shares of QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, TD Cowen cut their price target on shares of QUALCOMM from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, QUALCOMM currently has an average rating of “Hold” and an average price target of $190.28.

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.