Sage Mountain Advisors LLC Has $838,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Sage Mountain Advisors LLC raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,453 shares of the wireless technology company’s stock after acquiring an additional 123 shares during the quarter. Sage Mountain Advisors LLC’s holdings in QUALCOMM were worth $838,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Independent Advisor Alliance raised its stake in shares of QUALCOMM by 7.1% in the 4th quarter. Independent Advisor Alliance now owns 45,471 shares of the wireless technology company’s stock valued at $6,985,000 after acquiring an additional 3,000 shares in the last quarter. Paragon Private Wealth Management LLC raised its position in shares of QUALCOMM by 7.1% in the fourth quarter. Paragon Private Wealth Management LLC now owns 3,397 shares of the wireless technology company’s stock valued at $522,000 after purchasing an additional 224 shares during the period. Meriwether Wealth & Planning LLC acquired a new stake in shares of QUALCOMM in the fourth quarter worth $224,000. Johnson Investment Counsel Inc. boosted its holdings in shares of QUALCOMM by 1.1% during the 4th quarter. Johnson Investment Counsel Inc. now owns 32,025 shares of the wireless technology company’s stock worth $4,920,000 after buying an additional 361 shares during the period. Finally, Tiemann Investment Advisors LLC grew its stake in QUALCOMM by 7.6% in the 4th quarter. Tiemann Investment Advisors LLC now owns 1,697 shares of the wireless technology company’s stock valued at $261,000 after buying an additional 120 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on QCOM. Melius started coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price target for the company. Susquehanna lowered their target price on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a report on Wednesday, November 20th. Cantor Fitzgerald reiterated a “neutral” rating and set a $160.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, Piper Sandler dropped their target price on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.32.

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 744 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 461 shares of the company’s stock, valued at $80,596.63. This represents a 61.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $156.82, for a total value of $523,308.34. Following the completion of the sale, the chief financial officer now owns 59,778 shares of the company’s stock, valued at $9,374,385.96. This represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,955 shares of company stock valued at $4,847,350. 0.08% of the stock is currently owned by insiders.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $153.10 on Wednesday. The firm has a 50 day simple moving average of $164.76 and a 200 day simple moving average of $164.78. QUALCOMM Incorporated has a fifty-two week low of $149.43 and a fifty-two week high of $230.63. 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 firm has a market cap of $169.33 billion, a P/E ratio of 16.36, a P/E/G ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data 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%. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared 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. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday, March 6th. 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.