QUALCOMM Incorporated (NASDAQ:QCOM) Position Reduced by Delta Asset Management LLC TN

Delta Asset Management LLC TN reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,945 shares of the wireless technology company’s stock after selling 590 shares during the period. Delta Asset Management LLC TN’s holdings in QUALCOMM were worth $299,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Street Partners LLC raised its position in QUALCOMM by 91.9% during the third quarter. Principal Street Partners LLC now owns 2,303 shares of the wireless technology company’s stock valued at $392,000 after buying an additional 1,103 shares during the period. Cadence Bank increased its holdings in shares of QUALCOMM by 1.2% in the 3rd quarter. Cadence Bank now owns 65,385 shares of the wireless technology company’s stock valued at $11,119,000 after purchasing an additional 781 shares during the period. Townsquare Capital LLC lifted its position in shares of QUALCOMM by 11.8% in the third quarter. Townsquare Capital LLC now owns 151,650 shares of the wireless technology company’s stock worth $25,788,000 after purchasing an additional 16,054 shares in the last quarter. Capital Counsel LLC NY boosted its holdings in shares of QUALCOMM by 1.7% during the third quarter. Capital Counsel LLC NY now owns 583,346 shares of the wireless technology company’s stock worth $99,198,000 after purchasing an additional 9,669 shares during the period. Finally, Freedom Investment Management Inc. increased its stake in QUALCOMM by 11.5% in the 3rd quarter. Freedom Investment Management Inc. now owns 16,182 shares of the wireless technology company’s stock valued at $2,752,000 after buying an additional 1,667 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the transaction, the insider now 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 this link. Also, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 $3,762,376.32. This represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,968 shares of company stock valued at $4,685,077. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM opened at $158.39 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The business’s fifty day moving average price is $164.47 and its two-hundred day moving average price is $163.92. QUALCOMM Incorporated has a fifty-two week low of $149.43 and a fifty-two week high of $230.63. The stock has a market capitalization of $175.18 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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, analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.15%. QUALCOMM’s dividend payout ratio (DPR) 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.