QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Trimmed by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,881 shares of the wireless technology company’s stock after selling 6,406 shares during the period. QUALCOMM makes up 1.5% of Roberts Wealth Advisors LLC’s portfolio, making the stock its 20th biggest position. Roberts Wealth Advisors LLC’s holdings in QUALCOMM were worth $4,913,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Public Sector Pension Investment Board grew its stake in QUALCOMM by 75.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 43,177 shares of the wireless technology company’s stock valued at $8,600,000 after acquiring an additional 18,577 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of QUALCOMM during the second quarter worth approximately $2,983,000. Interval Partners LP grew its position in QUALCOMM by 12,590.0% during the second quarter. Interval Partners LP now owns 10,152 shares of the wireless technology company’s stock valued at $2,022,000 after purchasing an additional 10,072 shares in the last quarter. Westwood Wealth Management increased its stake in QUALCOMM by 22.6% in the 2nd quarter. Westwood Wealth Management now owns 2,708 shares of the wireless technology company’s stock valued at $539,000 after buying an additional 500 shares during the period. Finally, Semmax Financial Advisors Inc. purchased a new stake in QUALCOMM in the 2nd quarter worth approximately $1,338,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on QCOM. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a research note on Wednesday, November 20th. Sanford C. Bernstein upped their target price on QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Susquehanna lowered their price target on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, November 20th. Wells Fargo & Company raised their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Finally, Mizuho decreased their target price on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.57.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the transaction, the insider now directly owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. This trade represents a 23.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the completion of the sale, the general counsel now directly owns 19,739 shares in the company, valued at approximately $3,121,130.68. The trade was a 11.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,882 shares of company stock valued at $4,314,649 over the last quarter. 0.08% of the stock is owned by company insiders.

QUALCOMM Trading Up 1.6 %

QUALCOMM stock opened at $167.27 on Wednesday. QUALCOMM Incorporated has a 12 month low of $139.26 and a 12 month high of $230.63. The stock has a market cap of $185.84 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 2.75 and a beta of 1.25. The business has a 50 day moving average price of $158.78 and a two-hundred day moving average price of $168.29. 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 issued its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The business had revenue of $10.24 billion during the quarter, compared to analyst estimates of $9.90 billion. As a group, equities analysts forecast that QUALCOMM Incorporated will post 9.12 EPS for the current year.

QUALCOMM Announces Dividend

The firm 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 dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.03%. QUALCOMM’s dividend payout ratio (DPR) is currently 37.82%.

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.