Tacita Capital Inc Reduces Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Tacita Capital Inc lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 41.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 270 shares of the wireless technology company’s stock after selling 195 shares during the quarter. Tacita Capital Inc’s holdings in QUALCOMM were worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Bedel Financial Consulting Inc. boosted its stake in shares of QUALCOMM by 3.2% during the 4th quarter. Bedel Financial Consulting Inc. now owns 3,414 shares of the wireless technology company’s stock worth $524,000 after acquiring an additional 105 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of QUALCOMM by 6.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 89,966 shares of the wireless technology company’s stock worth $13,821,000 after acquiring an additional 5,226 shares during the last quarter. Unified Investment Management bought a new stake in shares of QUALCOMM during the 4th quarter valued at $1,352,000. Meridian Wealth Management LLC raised its position in shares of QUALCOMM by 37.1% during the 4th quarter. Meridian Wealth Management LLC now owns 13,143 shares of the wireless technology company’s stock valued at $2,010,000 after purchasing an additional 3,556 shares during the period. Finally, Silver Coast Investments LLC bought a new stake in shares of QUALCOMM during the 4th quarter valued at $289,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the completion of the sale, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at $7,879,598.12. The trade was a 5.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander H. Rogers sold 19,287 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now directly owns 20,762 shares of the company’s stock, valued at approximately $3,526,010.46. This trade represents a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,045 shares of company stock valued at $8,237,043 in the last three months. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on QCOM shares. Cantor Fitzgerald restated a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. StockNews.com upgraded shares of QUALCOMM from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Sanford C. Bernstein raised their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Evercore ISI decreased their price objective 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. Finally, Melius Research initiated coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.32.

QUALCOMM Price Performance

QCOM stock opened at $153.62 on Tuesday. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63. 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 company has a 50-day moving average price of $164.84 and a 200 day moving average price of $165.47. The stock has a market cap of $169.90 billion, a PE ratio of 16.41, a P/E/G ratio of 2.01 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Equities research 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. Shareholders 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 2.21%. QUALCOMM’s dividend payout ratio (DPR) is 36.32%.

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.