Cozad Asset Management Inc. Sells 82 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Cozad Asset Management Inc. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,028 shares of the wireless technology company’s stock after selling 82 shares during the period. Cozad Asset Management Inc.’s holdings in QUALCOMM were worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of QCOM. GLOBALT Investments LLC GA lifted its stake in QUALCOMM by 16.3% during the 3rd quarter. GLOBALT Investments LLC GA now owns 1,396 shares of the wireless technology company’s stock valued at $237,000 after acquiring an additional 196 shares during the period. OneAscent Wealth Management LLC purchased a new stake in shares of QUALCOMM during the 3rd quarter valued at about $352,000. Caprock Group LLC increased its position in shares of QUALCOMM by 7.7% during the 3rd quarter. Caprock Group LLC now owns 33,407 shares of the wireless technology company’s stock valued at $5,681,000 after purchasing an additional 2,375 shares during the last quarter. OneAscent Financial Services LLC purchased a new stake in shares of QUALCOMM during the 3rd quarter valued at about $422,000. Finally, Meeder Asset Management Inc. increased its position in shares of QUALCOMM by 5.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 163,691 shares of the wireless technology company’s stock valued at $27,836,000 after purchasing an additional 8,788 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 1.1 %

NASDAQ QCOM opened at $156.29 on Wednesday. The company has a market capitalization of $172.86 billion, a P/E ratio of 16.70, a P/E/G ratio of 2.01 and a beta of 1.28. The stock has a 50 day moving average price of $164.56 and a 200-day moving average price of $164.19. QUALCOMM Incorporated has a one year low of $149.43 and a one year high of $230.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. As a group, equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.18%. QUALCOMM’s dividend payout ratio is presently 36.32%.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total value of $509,400.00. Following the sale, the chief financial officer now owns 63,115 shares in the company, valued at $10,716,927. This trade represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the sale, the insider now owns 24,393 shares in the company, valued at approximately $3,762,376.32. The trade was a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,968 shares of company stock worth $4,685,077 over the last three months. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Mizuho reduced their price target on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 12th. Evercore ISI reduced 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, February 6th. Melius assumed coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price target for the company. Finally, Barclays reduced their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.32.

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.