D Orazio & Associates Inc. Reduces Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

D Orazio & Associates Inc. lessened its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 4.0% in the fourth quarter, Holdings Channel reports. The fund owned 2,767 shares of the wireless technology company’s stock after selling 116 shares during the quarter. D Orazio & Associates Inc.’s holdings in QUALCOMM were worth $425,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC increased its position in shares of QUALCOMM by 7.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 55,240 shares of the wireless technology company’s stock valued at $8,486,000 after purchasing an additional 3,871 shares during the last quarter. Byrne Asset Management LLC increased its holdings in QUALCOMM by 2.2% during the fourth quarter. Byrne Asset Management LLC now owns 6,255 shares of the wireless technology company’s stock valued at $961,000 after buying an additional 135 shares during the last quarter. TFG Advisers LLC raised its position in QUALCOMM by 1.0% in the fourth quarter. TFG Advisers LLC now owns 9,962 shares of the wireless technology company’s stock worth $1,530,000 after acquiring an additional 96 shares during the period. Vest Financial LLC boosted its stake in shares of QUALCOMM by 34.6% during the 4th quarter. Vest Financial LLC now owns 230,772 shares of the wireless technology company’s stock worth $35,451,000 after acquiring an additional 59,366 shares during the last quarter. Finally, BayBridge Capital Group LLC grew its position in shares of QUALCOMM by 4.4% during the 4th quarter. BayBridge Capital Group LLC now owns 8,278 shares of the wireless technology company’s stock valued at $1,272,000 after acquiring an additional 350 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 0.8 %

Shares of NASDAQ QCOM opened at $167.96 on Friday. The stock has a market capitalization of $185.76 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 2.80 and a beta of 1.25. QUALCOMM Incorporated has a 12-month low of $146.29 and a 12-month high of $230.63. The company has a current ratio of 2.62, a quick ratio of 1.79 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average price is $161.96 and its 200-day moving average price is $166.04.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. On average, equities research analysts anticipate that QUALCOMM Incorporated will post 9.19 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio is currently 36.32%.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $161.54, for a total transaction of $484,620.00. Following the transaction, the chief financial officer now owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. This represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $158.12, for a total value of $409,056.44. Following the sale, the general counsel now directly owns 19,739 shares of the company’s stock, valued at $3,121,130.68. This represents a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,981 shares of company stock worth $4,000,870. 0.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on QCOM. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a report on Thursday. Piper Sandler lowered their price objective on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday. Benchmark reissued a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a report on Friday. Morgan Stanley lowered their price target on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Finally, Evercore ISI dropped their price target on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.32.

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.