St. Johns Investment Management Company LLC Has $1.87 Million Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

St. Johns Investment Management Company LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,034 shares of the wireless technology company’s stock after selling 554 shares during the period. St. Johns Investment Management Company LLC’s holdings in QUALCOMM were worth $1,868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Grandview Asset Management LLC grew its holdings in QUALCOMM by 2.3% in the 1st quarter. Grandview Asset Management LLC now owns 2,730 shares of the wireless technology company’s stock worth $462,000 after acquiring an additional 62 shares during the last quarter. Tealwood Asset Management Inc. lifted its position in shares of QUALCOMM by 0.6% in the 1st quarter. Tealwood Asset Management Inc. now owns 9,899 shares of the wireless technology company’s stock worth $1,676,000 after purchasing an additional 63 shares during the period. VERITY Wealth Advisors lifted its position in shares of QUALCOMM by 0.8% in the 1st quarter. VERITY Wealth Advisors now owns 7,795 shares of the wireless technology company’s stock worth $1,320,000 after purchasing an additional 64 shares during the period. Cassaday & Co Wealth Management LLC lifted its position in shares of QUALCOMM by 1.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 5,745 shares of the wireless technology company’s stock worth $831,000 after purchasing an additional 66 shares during the period. Finally, Glass Jacobson Investment Advisors llc lifted its position in shares of QUALCOMM by 6.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,110 shares of the wireless technology company’s stock worth $161,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the subject of several research analyst reports. Barclays raised their target price on shares of QUALCOMM from $155.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Wolfe Research lifted their price target on shares of QUALCOMM from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Canaccord Genuity Group lifted their price target on shares of QUALCOMM from $180.00 to $206.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. TD Cowen lifted their price target on shares of QUALCOMM from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $190.00 price target on shares of QUALCOMM in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $192.13.

Insider Transactions at QUALCOMM

In other news, Director Sylvia Acevedo sold 744 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $181.52, for a total value of $135,050.88. Following the completion of the sale, the director now directly owns 54 shares of the company’s stock, valued at $9,802.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Neil Smit sold 3,069 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $200.94, for a total value of $616,684.86. Following the completion of the sale, the director now directly owns 5,902 shares of the company’s stock, valued at $1,185,947.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sylvia Acevedo sold 744 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $181.52, for a total transaction of $135,050.88. Following the completion of the sale, the director now directly owns 54 shares of the company’s stock, valued at $9,802.08. The disclosure for this sale can be found here. Insiders sold a total of 45,185 shares of company stock valued at $8,206,875 over the last three months. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 2.4 %

QCOM opened at $197.33 on Thursday. The company has a current ratio of 2.65, a quick ratio of 1.98 and a debt-to-equity ratio of 0.59. QUALCOMM Incorporated has a 1-year low of $104.33 and a 1-year high of $230.63. The company has a market capitalization of $220.22 billion, a PE ratio of 26.52, a PEG ratio of 2.46 and a beta of 1.30. The firm’s 50 day simple moving average is $193.66 and its two-hundred day simple moving average is $168.40.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.11. The business had revenue of $9.39 billion for the quarter, compared to the consensus estimate of $9.32 billion. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. As a group, equities analysts forecast that QUALCOMM Incorporated will post 7.85 EPS for the current year.

QUALCOMM Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th were paid a $0.85 dividend. The ex-dividend date was Thursday, May 30th. This is a boost from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.72%. QUALCOMM’s dividend payout ratio is 45.70%.

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.