O Shaughnessy Asset Management LLC Sells 3,869 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

O Shaughnessy Asset Management LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,467 shares of the wireless technology company’s stock after selling 3,869 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in QUALCOMM were worth $19,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Holowesko Partners Ltd. increased its position in QUALCOMM by 1,399.0% in the fourth quarter. Holowesko Partners Ltd. now owns 148,400 shares of the wireless technology company’s stock worth $22,797,000 after purchasing an additional 138,500 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of QUALCOMM by 3.1% in the 4th quarter. Clearbridge Investments LLC now owns 177,954 shares of the wireless technology company’s stock worth $27,337,000 after buying an additional 5,348 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of QUALCOMM during the 4th quarter valued at about $101,376,000. IPG Investment Advisors LLC lifted its holdings in shares of QUALCOMM by 82.8% in the 4th quarter. IPG Investment Advisors LLC now owns 56,177 shares of the wireless technology company’s stock valued at $8,630,000 after acquiring an additional 25,442 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in QUALCOMM by 1.6% in the fourth quarter. California Public Employees Retirement System now owns 3,505,858 shares of the wireless technology company’s stock worth $538,570,000 after acquiring an additional 53,573 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total value of $246,784.00. Following the transaction, the insider now directly owns 24,393 shares of the company’s stock, valued at $3,762,376.32. This represents a 6.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 27,968 shares of company stock valued at $4,685,077. Insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

NASDAQ QCOM opened at $152.72 on Monday. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63. The firm’s fifty day simple moving average is $164.16 and its two-hundred day simple moving average is $163.82. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $168.91 billion, a P/E ratio of 16.32, a P/E/G 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 (EPS) 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%. Analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. Melius started 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. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 12th. Benchmark restated a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a report on Friday, February 7th. Finally, Evercore ISI cut their price target on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.32.

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.