Montag A & Associates Inc. Has $2.01 Million Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Montag A & Associates Inc. decreased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 28.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,103 shares of the wireless technology company's stock after selling 5,177 shares during the period. Montag A & Associates Inc.'s holdings in QUALCOMM were worth $2,013,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of QCOM. Hickory Asset Management Inc. bought a new position in shares of QUALCOMM in the 4th quarter worth about $456,000. Manchester Capital Management LLC raised its stake in QUALCOMM by 0.4% during the fourth quarter. Manchester Capital Management LLC now owns 24,040 shares of the wireless technology company's stock worth $3,693,000 after acquiring an additional 88 shares during the period. BXM Wealth LLC bought a new position in QUALCOMM in the fourth quarter worth about $638,000. Nations Financial Group Inc. IA ADV boosted its stake in QUALCOMM by 4.7% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,874 shares of the wireless technology company's stock valued at $3,053,000 after acquiring an additional 889 shares during the period. Finally, WealthPLAN Partners LLC boosted its position in QUALCOMM by 50.5% during the 4th quarter. WealthPLAN Partners LLC now owns 2,873 shares of the wireless technology company's stock valued at $441,000 after purchasing an additional 964 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $161.54, for a total value of $484,620.00. Following the transaction, the chief financial officer now owns 48,778 shares in the company, valued at $7,879,598.12. The trade was a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alexander H. Rogers sold 19,287 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares of the company's stock, valued at $3,526,010.46. This trade represents a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,964 shares of company stock valued at $7,583,661 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

QCOM has been the topic of several analyst reports. Susquehanna dropped their target price on QUALCOMM from $230.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their price target on shares of QUALCOMM from $210.00 to $195.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Barclays reduced their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Benchmark restated a "buy" rating and issued a $240.00 target price on shares of QUALCOMM in a research report on Friday, February 7th. Finally, Sanford C. Bernstein boosted their price target on QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, QUALCOMM presently has an average rating of "Moderate Buy" and an average target price of $205.32.

QUALCOMM Trading Down 0.9 %

Shares of QCOM stock traded down $1.52 during trading hours on Thursday, reaching $173.70. 6,309,748 shares of the stock traded hands, compared to its average volume of 7,640,596. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $192.11 billion, a PE ratio of 18.56, a PEG ratio of 2.01 and a beta of 1.25. QUALCOMM Incorporated has a 1-year low of $148.90 and a 1-year high of $230.63. The business has a fifty day moving average price of $164.01 and a 200 day moving average price of $165.61.

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 (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%. On average, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed 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 yield of 1.96%. QUALCOMM's payout ratio is presently 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.