DF Dent & Co. Inc. Sells 5,972 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

DF Dent & Co. Inc. lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,294 shares of the wireless technology company's stock after selling 5,972 shares during the quarter. DF Dent & Co. Inc.'s holdings in QUALCOMM were worth $47,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of QCOM. Kohmann Bosshard Financial Services LLC bought a new position in shares of QUALCOMM during the fourth quarter valued at $26,000. CKW Financial Group purchased a new position in QUALCOMM in the 4th quarter worth about $27,000. Centricity Wealth Management LLC purchased a new stake in shares of QUALCOMM during the 4th quarter valued at about $29,000. CoreFirst Bank & Trust bought a new stake in shares of QUALCOMM in the fourth quarter worth approximately $33,000. Finally, Synergy Asset Management LLC purchased a new position in shares of QUALCOMM during the fourth quarter valued at approximately $38,000. Institutional investors own 74.35% of the company's stock.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 744 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the transaction, the chief accounting officer now owns 461 shares in the company, valued at approximately $80,596.63. This trade represents a 61.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $246,784.00. Following the completion of the sale, the insider now directly owns 24,393 shares of the company's stock, valued at approximately $3,762,376.32. This trade represents a 6.16 % decrease in their ownership of the stock. 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 three months. Corporate insiders own 0.08% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have commented on QCOM. Piper Sandler cut their target price on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Evercore ISI lowered their target price on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Barclays cut their price target 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, Melius Research initiated coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 price objective on the stock. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $205.32.

QUALCOMM Price Performance

Shares of NASDAQ QCOM traded down $14.66 during mid-day trading on Thursday, hitting $139.42. 16,453,352 shares of the company's stock traded hands, compared to its average volume of 8,631,237. The company's 50-day moving average is $162.63 and its two-hundred day moving average is $163.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM Incorporated has a 1 year low of $138.58 and a 1 year high of $230.63. The company has a market capitalization of $154.20 billion, a P/E ratio of 14.90, a PEG ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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%. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 annualized dividend and a yield of 2.44%. QUALCOMM's dividend payout ratio (DPR) is 36.32%.

About QUALCOMM

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.