Vaughan David Investments LLC IL Sells 1,000 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Vaughan David Investments LLC IL cut its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 39,218 shares of the wireless technology company’s stock after selling 1,000 shares during the quarter. Vaughan David Investments LLC IL’s holdings in QUALCOMM were worth $6,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of QCOM. GHP Investment Advisors Inc. increased its position in shares of QUALCOMM by 15.3% during the third quarter. GHP Investment Advisors Inc. now owns 769 shares of the wireless technology company’s stock valued at $131,000 after acquiring an additional 102 shares during the last quarter. Modera Wealth Management LLC increased its position in QUALCOMM by 1.0% in the third quarter. Modera Wealth Management LLC now owns 17,679 shares of the wireless technology company’s stock worth $3,006,000 after buying an additional 173 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in QUALCOMM by 14.3% in the third quarter. J.W. Cole Advisors Inc. now owns 14,262 shares of the wireless technology company’s stock worth $2,425,000 after buying an additional 1,781 shares during the last quarter. FCG Investment Co purchased a new stake in QUALCOMM in the third quarter worth $1,799,000. Finally, Gemmer Asset Management LLC increased its position in QUALCOMM by 193.7% in the third quarter. Gemmer Asset Management LLC now owns 11,840 shares of the wireless technology company’s stock worth $2,013,000 after buying an additional 7,809 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on QCOM. Melius began coverage on QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 target price for the company. Piper Sandler decreased their target price on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Loop Capital began coverage on QUALCOMM in a report on Monday, November 11th. They issued a “hold” rating and a $180.00 price target for the company. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $205.32.

QUALCOMM Stock Performance

Shares of QCOM opened at $161.10 on Tuesday. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average price is $164.52 and its 200-day moving average price is $165.81. QUALCOMM Incorporated has a 52 week low of $149.43 and a 52 week high of $230.63. The stock has a market cap of $178.18 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.01 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data 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%. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

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

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total transaction of $484,620.00. Following the completion of the sale, the chief financial officer now directly owns 48,778 shares in the company, valued at approximately $7,879,598.12. The trade was a 5.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the sale, the insider now owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. This represents a 23.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,708 shares of company stock valued at $7,713,734. 0.08% of the stock is owned by corporate insiders.

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.