Strategic Blueprint LLC Has $681,000 Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Strategic Blueprint LLC trimmed its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,434 shares of the wireless technology company’s stock after selling 598 shares during the quarter. Strategic Blueprint LLC’s holdings in QUALCOMM were worth $681,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of QUALCOMM during the 2nd quarter worth about $896,000. Algert Global LLC bought a new position in QUALCOMM during the second quarter worth about $366,000. Clearbridge Investments LLC raised its stake in QUALCOMM by 0.5% in the second quarter. Clearbridge Investments LLC now owns 221,308 shares of the wireless technology company’s stock valued at $44,080,000 after buying an additional 1,036 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in QUALCOMM in the second quarter valued at approximately $109,000. Finally, Creekside Partners bought a new position in shares of QUALCOMM during the 2nd quarter worth approximately $320,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Trading Up 0.1 %

Shares of QCOM opened at $171.93 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. QUALCOMM Incorporated has a 52-week low of $139.26 and a 52-week high of $230.63. The firm has a market cap of $191.01 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 2.84 and a beta of 1.25. The business’s fifty day moving average is $160.11 and its 200-day moving average is $166.88.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. The firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. Equities analysts anticipate that QUALCOMM Incorporated will post 9.14 EPS for the current fiscal 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 $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.98%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is 37.82%.

Insider Buying and Selling at QUALCOMM

In related news, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM stock in a transaction that occurred 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 directly owns 33,383 shares in the company, valued at $5,360,975.97. This trade represents a 23.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the transaction, the general counsel now owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This trade represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,882 shares of company stock worth $4,314,649 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the topic of a number of research analyst reports. KeyCorp cut QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Evercore ISI raised their target price on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Citigroup reduced their target price on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. Sanford C. Bernstein raised their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Mizuho reduced their price objective on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and an average price target of $206.57.

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.