QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Lowered by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,844,497 shares of the wireless technology company's stock after selling 90,179 shares during the quarter. QUALCOMM accounts for approximately 2.0% of Barrow Hanley Mewhinney & Strauss LLC's portfolio, making the stock its 10th largest holding. Barrow Hanley Mewhinney & Strauss LLC owned 0.35% of QUALCOMM worth $590,592,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in QUALCOMM during the fourth quarter worth approximately $26,000. CKW Financial Group purchased a new position in shares of QUALCOMM during the 4th quarter valued at approximately $27,000. Centricity Wealth Management LLC acquired a new stake in QUALCOMM in the 4th quarter valued at $29,000. CoreFirst Bank & Trust acquired a new stake in QUALCOMM in the 4th quarter valued at $33,000. Finally, Synergy Asset Management LLC acquired a new position in QUALCOMM during the fourth quarter worth $38,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at QUALCOMM

In related news, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the transaction, the insider now directly owns 20,762 shares in the company, valued at approximately $3,526,010.46. This trade represents a 48.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total value of $246,784.00. Following the sale, the insider now owns 24,393 shares in the company, valued at approximately $3,762,376.32. This trade represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,968 shares of company stock valued at $4,685,077 in the last 90 days. Company insiders own 0.08% of the company's stock.

Remove Ads

Analysts Set New Price Targets

QCOM has been the topic of several research analyst reports. Melius Research started coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a "hold" rating and a $180.00 target price on the stock. Benchmark reiterated a "buy" rating and issued a $240.00 price objective on shares of QUALCOMM in a report on Friday, February 7th. StockNews.com lowered QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Barclays reduced their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, Evercore ISI lowered their target price on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.32.

QUALCOMM Trading Up 1.3 %

QUALCOMM stock traded up $1.98 during trading on Wednesday, hitting $155.03. The company had a trading volume of 1,821,609 shares, compared to its average volume of 8,574,912. 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's 50 day simple moving average is $163.66 and its 200-day simple moving average is $163.64. QUALCOMM Incorporated has a 1-year low of $147.88 and a 1-year high of $230.63. The stock has a market cap of $171.46 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted 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%. As a group, analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.19%. QUALCOMM's dividend payout ratio (DPR) is presently 36.32%.

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.