Barton Investment Management Sells 317 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Barton Investment Management lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 49,348 shares of the wireless technology company’s stock after selling 317 shares during the period. QUALCOMM makes up approximately 0.8% of Barton Investment Management’s holdings, making the stock its 16th largest holding. Barton Investment Management’s holdings in QUALCOMM were worth $7,581,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Algert Global LLC purchased a new stake in shares of QUALCOMM during the second quarter valued at $366,000. Czech National Bank raised its holdings in QUALCOMM by 6.5% in the third quarter. Czech National Bank now owns 226,933 shares of the wireless technology company’s stock worth $38,590,000 after purchasing an additional 13,888 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of QUALCOMM by 26.1% during the third quarter. Versant Capital Management Inc now owns 1,097 shares of the wireless technology company’s stock valued at $187,000 after buying an additional 227 shares during the last quarter. Legacy Private Trust Co. grew its holdings in QUALCOMM by 246.9% in the third quarter. Legacy Private Trust Co. now owns 10,698 shares of the wireless technology company’s stock worth $1,819,000 after purchasing an additional 7,614 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. boosted its position in shares of QUALCOMM by 1.2% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 133,499 shares of the wireless technology company’s stock worth $22,702,000 after purchasing an additional 1,613 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 1.6 %

QCOM opened at $175.86 on Thursday. The firm has a market capitalization of $195.38 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 2.87 and a beta of 1.25. The company’s 50 day simple moving average is $161.31 and its two-hundred day simple moving average is $165.95. QUALCOMM Incorporated has a 1-year low of $142.43 and a 1-year high of $230.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. Analysts expect that QUALCOMM Incorporated will post 9.16 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on QCOM. UBS Group boosted their price target on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Melius initiated coverage on shares of QUALCOMM in a research note on Monday, December 9th. They set a “hold” rating and a $180.00 price objective for the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a research report on Wednesday, November 20th. Susquehanna lowered their price target on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Finally, Benchmark restated a “buy” rating and issued a $240.00 price objective on shares of QUALCOMM in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $206.57.

Insider Activity

In other news, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at approximately $14,570. The trade was a 93.28 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Ann C. Chaplin sold 2,587 shares of QUALCOMM stock in a transaction that occurred on Monday, December 16th. The shares were 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 owns 19,739 shares of the company’s stock, valued at $3,121,130.68. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,981 shares of company stock valued at $4,000,870 in the last 90 days. Company insiders own 0.08% of the company’s stock.

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.