Blair William & Co. IL Cuts Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Blair William & Co. IL trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 361,416 shares of the wireless technology company's stock after selling 7,608 shares during the period. Blair William & Co. IL's holdings in QUALCOMM were worth $55,521,000 as of its most recent filing with the Securities & Exchange Commission.

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

QUALCOMM Stock Down 3.3 %

Shares of NASDAQ QCOM traded down $5.25 during midday trading on Friday, hitting $152.72. 8,915,861 shares of the company's stock were exchanged, compared to its average volume of 8,605,322. The firm's fifty day simple moving average is $164.16 and its 200-day simple moving average is $163.84. The company has a market cap of $168.91 billion, a PE ratio of 16.32, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a twelve month low of $149.43 and a twelve month 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.

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QUALCOMM (NASDAQ:QCOM - Get Free Report) 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 39.51% and a net margin of 25.94%. Research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were given a $0.85 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.23%. QUALCOMM's dividend payout ratio (DPR) is presently 36.32%.

Analysts Set New Price Targets

Several analysts have recently commented on QCOM shares. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $160.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Evercore ISI reduced their target price on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. Barclays reduced their price objective on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, Melius started coverage on shares of QUALCOMM in a research note on Monday, December 9th. They set a "hold" rating and a $180.00 target price for the company. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $205.32.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,337 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $156.82, for a total transaction of $523,308.34. Following the completion of the sale, the chief financial officer now directly owns 59,778 shares of the company's stock, valued at approximately $9,374,385.96. This trade represents a 5.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the transaction, the insider now directly owns 24,393 shares in the company, valued at approximately $3,762,376.32. The trade was a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,968 shares of company stock worth $4,685,077 in the last quarter. 0.08% of the stock is owned by insiders.

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.