Capital Investment Advisory Services LLC Has $1.86 Million Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Capital Investment Advisory Services LLC lessened its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,133 shares of the wireless technology company’s stock after selling 778 shares during the period. Capital Investment Advisory Services LLC’s holdings in QUALCOMM were worth $1,864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Lewis Asset Management LLC grew its holdings in shares of QUALCOMM by 3.8% during the 4th quarter. Lewis Asset Management LLC now owns 4,079 shares of the wireless technology company’s stock valued at $627,000 after purchasing an additional 151 shares during the last quarter. Cairn Investment Group Inc. grew its stake in shares of QUALCOMM by 0.5% during the fourth quarter. Cairn Investment Group Inc. now owns 34,087 shares of the wireless technology company’s stock worth $5,236,000 after buying an additional 175 shares during the last quarter. Busey Bank increased its holdings in shares of QUALCOMM by 2.1% during the fourth quarter. Busey Bank now owns 158,522 shares of the wireless technology company’s stock worth $24,352,000 after buying an additional 3,186 shares in the last quarter. First Affirmative Financial Network lifted its stake in shares of QUALCOMM by 20.1% in the 4th quarter. First Affirmative Financial Network now owns 3,435 shares of the wireless technology company’s stock valued at $528,000 after acquiring an additional 574 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in shares of QUALCOMM during the 4th quarter valued at $38,000. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Up 0.1 %

QCOM opened at $171.71 on Thursday. The stock has a market capitalization of $190.77 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 2.84 and a beta of 1.25. The firm has a 50 day moving average price of $159.76 and a 200-day moving average price of $166.85. QUALCOMM Incorporated has a twelve month low of $139.26 and a twelve month high of $230.63. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $9.90 billion. Equities research analysts forecast that QUALCOMM Incorporated will post 9.14 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is 37.82%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. This trade represents a 93.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the transaction, the general counsel now owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. The trade was a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,882 shares of company stock worth $4,314,649. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of research reports. Melius started coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. Sanford C. Bernstein boosted their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a report on Thursday, November 7th. Mizuho lowered their price objective on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, Loop Capital assumed coverage on shares of QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 target price for the company. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $206.57.

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.