Global Retirement Partners LLC Reduces Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Global Retirement Partners LLC lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,517 shares of the wireless technology company's stock after selling 1,551 shares during the quarter. Global Retirement Partners LLC's holdings in QUALCOMM were worth $4,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Paulson Wealth Management Inc. raised its holdings in QUALCOMM by 2.2% in the third quarter. Paulson Wealth Management Inc. now owns 2,791 shares of the wireless technology company's stock worth $475,000 after purchasing an additional 61 shares in the last quarter. Blossom Wealth Management grew its position in shares of QUALCOMM by 2.6% in the 3rd quarter. Blossom Wealth Management now owns 2,551 shares of the wireless technology company's stock worth $434,000 after buying an additional 64 shares during the last quarter. Delta Financial Advisors LLC raised its stake in shares of QUALCOMM by 2.1% during the 3rd quarter. Delta Financial Advisors LLC now owns 3,221 shares of the wireless technology company's stock worth $548,000 after acquiring an additional 65 shares in the last quarter. CFS Investment Advisory Services LLC lifted its position in QUALCOMM by 1.1% during the fourth quarter. CFS Investment Advisory Services LLC now owns 6,050 shares of the wireless technology company's stock valued at $929,000 after acquiring an additional 65 shares during the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in QUALCOMM by 3.1% in the fourth quarter. Toth Financial Advisory Corp now owns 2,190 shares of the wireless technology company's stock valued at $336,000 after acquiring an additional 65 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Price Performance

Shares of QUALCOMM stock traded down $7.70 during trading hours on Friday, reaching $166.00. The stock had a trading volume of 6,913,068 shares, compared to its average volume of 7,611,784. QUALCOMM Incorporated has a twelve month low of $149.43 and a twelve month high of $230.63. 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 firm has a market capitalization of $183.59 billion, a PE ratio of 17.71, a PEG ratio of 2.03 and a beta of 1.25. The stock's 50 day moving average is $164.32 and its 200 day moving average is $165.67.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results 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%. Equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.05%. QUALCOMM's dividend payout ratio is currently 36.32%.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on QUALCOMM from $170.00 to $175.00 and gave the stock an "underweight" rating in a research report on Thursday, November 7th. Melius began coverage on QUALCOMM in a research report on Monday, December 9th. They set a "hold" rating and a $180.00 target price on the stock. Melius Research began coverage on QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 price target for the company. Piper Sandler dropped their price target on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Finally, Morgan Stanley decreased their price objective on shares of QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating for the company in a research report on Thursday, November 7th. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.32.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now owns 48,778 shares of the company's stock, valued at $7,879,598.12. The trade was a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the transaction, the general counsel now owns 19,739 shares of the company's stock, valued at approximately $3,121,130.68. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,964 shares of company stock valued at $7,583,661. 0.08% of the stock is owned by corporate 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.