QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 26.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,414 shares of the wireless technology company’s stock after selling 1,252 shares during the quarter. Larson Financial Group LLC’s holdings in QUALCOMM were worth $525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Intellectus Partners LLC increased its holdings in QUALCOMM by 2.2% in the 4th quarter. Intellectus Partners LLC now owns 18,885 shares of the wireless technology company’s stock valued at $2,901,000 after purchasing an additional 415 shares in the last quarter. Blankinship & Foster LLC purchased a new stake in shares of QUALCOMM in the fourth quarter worth about $1,712,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of QUALCOMM in the fourth quarter valued at about $3,825,000. Banco Santander S.A. raised its holdings in shares of QUALCOMM by 16.3% during the 4th quarter. Banco Santander S.A. now owns 218,686 shares of the wireless technology company’s stock valued at $33,595,000 after buying an additional 30,674 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in QUALCOMM by 4.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 44,575 shares of the wireless technology company’s stock worth $7,537,000 after acquiring an additional 1,962 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Neil Martin sold 744 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the completion of the sale, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at approximately $80,596.63. This represents a 61.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $156.82, for a total transaction of $523,308.34. Following the completion of the transaction, the chief financial officer now owns 59,778 shares of the company’s stock, valued at $9,374,385.96. This trade represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,045 shares of company stock valued at $7,752,423 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Susquehanna lowered their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Evercore ISI dropped their price target 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. Melius Research started coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. Mizuho lowered their target price on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Loop Capital assumed coverage on QUALCOMM in a research note on Monday, November 11th. They issued a “hold” rating and a $180.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $205.32.

QUALCOMM Trading Up 3.3 %

NASDAQ:QCOM opened at $161.22 on Monday. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63. 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 has a 50 day simple moving average of $164.76 and a 200 day simple moving average of $165.03. The firm has a market capitalization of $178.31 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.01 and a beta of 1.28.

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

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.11%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

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.