Rowlandmiller & PARTNERS.ADV Sells 526 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Rowlandmiller & PARTNERS.ADV lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,915 shares of the wireless technology company’s stock after selling 526 shares during the quarter. QUALCOMM comprises 2.1% of Rowlandmiller & PARTNERS.ADV’s portfolio, making the stock its 12th largest position. Rowlandmiller & PARTNERS.ADV’s holdings in QUALCOMM were worth $10,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Waverton Investment Management Ltd raised its position in shares of QUALCOMM by 6.4% in the 4th quarter. Waverton Investment Management Ltd now owns 1,538,809 shares of the wireless technology company’s stock worth $236,430,000 after acquiring an additional 92,276 shares in the last quarter. B&D White Capital Company LLC bought a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $522,000. Birchcreek Wealth Management LLC grew its stake in QUALCOMM by 5.8% in the fourth quarter. Birchcreek Wealth Management LLC now owns 3,828 shares of the wireless technology company’s stock worth $588,000 after purchasing an additional 211 shares during the period. World Equity Group Inc. bought a new position in QUALCOMM in the fourth quarter worth $356,000. Finally, Delta Financial Group Inc. purchased a new position in QUALCOMM during the fourth quarter valued at $601,000. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $161.54, for a total value of $484,620.00. Following the transaction, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. The trade was a 5.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Neil Martin sold 744 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was 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 owns 461 shares of the company’s stock, valued at $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,708 shares of company stock valued at $7,713,734. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Trading Down 4.8 %

Shares of QUALCOMM stock opened at $165.43 on Monday. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The company’s fifty day simple moving average is $164.46 and its 200-day simple moving average is $165.84. 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 stock has a market capitalization of $182.97 billion, a PE ratio of 17.67, a P/E/G ratio of 2.01 and a beta of 1.25.

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 net margin of 25.94% and a return on equity of 39.51%. As a group, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.06%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. Evercore ISI cut their price objective 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. Melius Research assumed coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 target price for the company. Piper Sandler cut their price target on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Sanford C. Bernstein raised their price objective on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.