QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Wintrust Investments LLC

Wintrust Investments LLC lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 62.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284 shares of the wireless technology company’s stock after selling 482 shares during the period. Wintrust Investments LLC’s holdings in QUALCOMM were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of QCOM. Aptus Capital Advisors LLC increased its stake in shares of QUALCOMM by 33.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 18,849 shares of the wireless technology company’s stock worth $3,205,000 after purchasing an additional 4,690 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of QUALCOMM by 124.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 92,544 shares of the wireless technology company’s stock worth $15,737,000 after purchasing an additional 51,396 shares in the last quarter. Cable Hill Partners LLC increased its stake in shares of QUALCOMM by 46.0% during the 3rd quarter. Cable Hill Partners LLC now owns 5,575 shares of the wireless technology company’s stock worth $948,000 after purchasing an additional 1,756 shares in the last quarter. Plato Investment Management Ltd increased its stake in shares of QUALCOMM by 7.1% during the 3rd quarter. Plato Investment Management Ltd now owns 36,998 shares of the wireless technology company’s stock worth $6,285,000 after purchasing an additional 2,449 shares in the last quarter. Finally, Peak Asset Management LLC boosted its position in QUALCOMM by 24.9% during the third quarter. Peak Asset Management LLC now owns 6,491 shares of the wireless technology company’s stock worth $1,104,000 after acquiring an additional 1,295 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In other news, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the completion of the transaction, the insider now directly owns 24,393 shares of the company’s stock, valued at $3,762,376.32. This trade represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,555 shares of company stock valued at $5,094,134. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

QUALCOMM stock opened at $151.94 on Friday. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63. The company has a market capitalization of $168.05 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. 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 firm’s fifty day moving average price is $164.70 and its 200 day moving average price is $164.61.

QUALCOMM (NASDAQ:QCOM) last released its earnings results 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 return on equity of 39.51% and a net margin of 25.94%. On average, research 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 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 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is currently 36.32%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on QCOM shares. Mizuho decreased their target price on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Evercore ISI decreased their target price on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Barclays decreased their price target on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Benchmark reiterated a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus target price 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.