QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by DDD Partners LLC

DDD Partners LLC lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 15.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,309 shares of the wireless technology company's stock after selling 22,982 shares during the quarter. QUALCOMM makes up about 2.3% of DDD Partners LLC's investment portfolio, making the stock its 20th largest position. DDD Partners LLC's holdings in QUALCOMM were worth $18,943,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of QCOM. Reston Wealth Management LLC purchased a new stake in QUALCOMM during the third quarter valued at $26,000. CKW Financial Group purchased a new stake in QUALCOMM during the fourth quarter valued at $27,000. Planning Capital Management Corp raised its stake in QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock valued at $34,000 after purchasing an additional 114 shares in the last quarter. Accordant Advisory Group Inc purchased a new stake in QUALCOMM during the third quarter valued at $36,000. Finally, Synergy Asset Management LLC purchased a new stake in QUALCOMM during the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total transaction of $484,620.00. Following the completion of the transaction, the chief financial officer now directly owns 48,778 shares of the company's stock, valued at approximately $7,879,598.12. This trade represents a 5.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Ann C. Chaplin sold 7,717 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,239,273.03. Following the transaction, the general counsel now directly owns 17,153 shares of the company's stock, valued at $2,754,600.27. This represents a 31.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,964 shares of company stock valued at $7,583,661. 0.08% of the stock is currently owned by insiders.

QUALCOMM Stock Down 0.9 %

QUALCOMM stock traded down $1.52 during midday trading on Thursday, hitting $173.70. 6,309,748 shares of the company's stock were exchanged, compared to its average volume of 7,640,596. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. QUALCOMM Incorporated has a 12 month low of $148.90 and a 12 month high of $230.63. The firm has a 50-day moving average of $164.01 and a two-hundred day moving average of $165.61. The company has a market cap of $192.11 billion, a PE ratio of 18.56, a P/E/G ratio of 2.01 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 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 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's payout ratio is 36.32%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on QCOM shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Mizuho cut their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Evercore ISI cut their price objective on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Finally, UBS Group boosted their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and an average target price of $205.32.

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.