Lipe & Dalton Decreases Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Lipe & Dalton decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,089 shares of the wireless technology company’s stock after selling 229 shares during the period. Lipe & Dalton’s holdings in QUALCOMM were worth $1,703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sigma Planning Corp raised its position in QUALCOMM by 3.3% during the 4th quarter. Sigma Planning Corp now owns 23,220 shares of the wireless technology company’s stock valued at $3,567,000 after purchasing an additional 747 shares during the last quarter. Prentice Wealth Management LLC increased its position in QUALCOMM by 8.5% during the 4th quarter. Prentice Wealth Management LLC now owns 2,993 shares of the wireless technology company’s stock valued at $460,000 after purchasing an additional 234 shares during the period. Dividend Assets Capital LLC lifted its position in shares of QUALCOMM by 3.6% in the 4th quarter. Dividend Assets Capital LLC now owns 85,768 shares of the wireless technology company’s stock worth $13,176,000 after purchasing an additional 3,001 shares during the period. Drum Hill Capital LLC bought a new stake in shares of QUALCOMM during the 4th quarter valued at about $2,307,000. Finally, Blackston Financial Advisory Group LLC lifted its holdings in QUALCOMM by 7.8% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,070 shares of the wireless technology company’s stock worth $318,000 after buying an additional 149 shares during the period. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other news, insider Alexander H. Rogers sold 10,373 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the transaction, the insider now owns 33,383 shares in the company, valued at $5,360,975.97. This represents a 23.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the 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 completion of the transaction, the chief financial officer now owns 48,778 shares in the company, valued at approximately $7,879,598.12. This trade represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,708 shares of company stock worth $7,713,734 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $165.43 on Friday. The company has a market capitalization of $182.97 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a 52 week low of $149.43 and a 52 week high of $230.63. The stock’s fifty day moving average is $164.46 and its two-hundred day moving average is $165.72.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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%. As a group, analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s payout ratio is currently 36.32%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Evercore ISI dropped their price objective on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. 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, February 6th. UBS Group upped their target price on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Susquehanna decreased their target price on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, November 20th. Finally, Mizuho dropped their price target on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.