QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,500 shares of the wireless technology company's stock after selling 6,300 shares during the quarter. QUALCOMM comprises approximately 1.4% of Hussman Strategic Advisors Inc.'s portfolio, making the stock its 6th biggest holding. Hussman Strategic Advisors Inc.'s holdings in QUALCOMM were worth $4,839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of QCOM. Reston Wealth Management LLC acquired a new stake in shares of QUALCOMM in the third quarter worth approximately $26,000. CKW Financial Group purchased a new position in QUALCOMM during the fourth quarter worth approximately $27,000. Planning Capital Management Corp grew its stake in shares of QUALCOMM by 137.3% during the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock valued at $34,000 after buying an additional 114 shares during the period. Accordant Advisory Group Inc acquired a new stake in shares of QUALCOMM during the 3rd quarter worth $36,000. Finally, Synergy Asset Management LLC purchased a new position in shares of QUALCOMM in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of research reports. Piper Sandler lowered their price target on QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Evercore ISI decreased 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. Sanford C. Bernstein raised their price target on shares of QUALCOMM from $200.00 to $215.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Barclays decreased their target price on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, Loop Capital started coverage on shares of QUALCOMM in a report on Monday, November 11th. They issued a "hold" rating and a $180.00 price objective on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $205.32.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM traded down $8.36 during midday trading on Friday, hitting $165.34. 12,355,394 shares of the company's stock were exchanged, compared to its average volume of 7,647,333. QUALCOMM Incorporated has a twelve month low of $149.43 and a twelve month high of $230.63. The firm has a market cap of $182.87 billion, a P/E ratio of 17.66, a PEG ratio of 2.03 and a beta of 1.25. The stock's 50 day moving average price is $164.32 and its 200-day moving average price is $165.67. 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 (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) 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 research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business 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. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.06%. QUALCOMM's dividend payout ratio (DPR) is 36.32%.

Insider Activity

In related news, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the transaction, the insider now directly owns 33,383 shares of the company's stock, valued at $5,360,975.97. The trade was a 23.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company'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 directly 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 disclosure for this sale can be found here. Insiders sold 45,964 shares of company stock worth $7,583,661 over the last three months. Corporate insiders own 0.08% of the company's stock.

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.