Financial Engines Advisors L.L.C. Lowers Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Financial Engines Advisors L.L.C. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,647 shares of the wireless technology company's stock after selling 3,987 shares during the quarter. Financial Engines Advisors L.L.C.'s holdings in QUALCOMM were worth $1,789,000 at the end of the most recent quarter.

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

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total value of $509,400.00. Following the transaction, the chief financial officer now owns 63,115 shares of the company's stock, valued at approximately $10,716,927. This represents a 4.54 % decrease in their ownership of the stock. 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 dated Wednesday, March 12th. The shares were 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 of the company's stock, valued at approximately $3,762,376.32. This represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,968 shares of company stock worth $4,685,077 over the last three months. 0.08% of the stock is currently owned by company insiders.

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QUALCOMM Stock Down 3.3 %

QCOM stock traded down $5.25 during trading on Friday, hitting $152.72. 8,915,861 shares of the stock traded hands, compared to its average volume of 8,605,322. 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 stock has a market cap of $168.91 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 1 year low of $149.43 and a 1 year high of $230.63. The firm's 50 day moving average is $164.16 and its two-hundred day moving average is $163.84.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced 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%. On average, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, March 6th. QUALCOMM's dividend payout ratio is currently 36.32%.

Analyst Ratings Changes

Several equities analysts recently commented on QCOM shares. Melius Research started coverage on shares of QUALCOMM in a report on Monday, December 9th. They set 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. Evercore ISI dropped their target price on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a report on Thursday, February 6th. Barclays decreased their price target on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $250.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. One equities research 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 stock. According to data from MarketBeat, QUALCOMM presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.32.

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.