Blair William & Co. IL Sells 7,608 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Blair William & Co. IL trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 361,416 shares of the wireless technology company’s stock after selling 7,608 shares during the quarter. Blair William & Co. IL’s holdings in QUALCOMM were worth $55,521,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in QCOM. CreativeOne Wealth LLC raised its stake in shares of QUALCOMM by 36.3% during the third quarter. CreativeOne Wealth LLC now owns 7,714 shares of the wireless technology company’s stock valued at $1,312,000 after acquiring an additional 2,056 shares in the last quarter. National Wealth Management Group LLC purchased a new position in QUALCOMM during the 3rd quarter worth $431,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in QUALCOMM by 10.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 774,210 shares of the wireless technology company’s stock valued at $131,654,000 after purchasing an additional 71,644 shares in the last quarter. Boussard & Gavaudan Investment Management LLP bought a new position in shares of QUALCOMM during the 3rd quarter worth $20,008,000. Finally, Public Sector Pension Investment Board increased its stake in shares of QUALCOMM by 11.8% during the third quarter. Public Sector Pension Investment Board now owns 48,277 shares of the wireless technology company’s stock valued at $8,210,000 after buying an additional 5,100 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on QCOM. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 12th. Barclays lowered their price target on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Benchmark reissued a “buy” rating and set a $240.00 price objective on shares of QUALCOMM in a report on Friday, February 7th. Melius started coverage on QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 target price for the company. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.32.

Insider Buying and Selling at QUALCOMM

In other news, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the transaction, the insider now directly owns 20,762 shares of the company’s stock, valued at $3,526,010.46. The trade was a 48.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $246,784.00. Following the sale, the insider now directly owns 24,393 shares in the company, valued at $3,762,376.32. This trade represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,968 shares of company stock valued at $4,685,077. 0.08% of the stock is owned by company insiders.

QUALCOMM Stock Performance

QCOM opened at $157.97 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63. The firm has a 50 day moving average of $164.40 and a two-hundred day moving average of $163.88. The firm has a market capitalization of $174.71 billion, a PE ratio of 16.88, a P/E/G ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last posted its 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 net margin of 25.94% and a return on equity of 39.51%. On average, analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.15%. The ex-dividend date was Thursday, March 6th. QUALCOMM’s dividend payout ratio is currently 36.32%.

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.