QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,467 shares of the wireless technology company's stock after selling 3,869 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in QUALCOMM were worth $19,581,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ARGA Investment Management LP lifted its position in QUALCOMM by 18.8% in the 3rd quarter. ARGA Investment Management LP now owns 6,338 shares of the wireless technology company's stock valued at $1,078,000 after acquiring an additional 1,001 shares in the last quarter. Semmax Financial Advisors Inc. increased its position in QUALCOMM by 57.8% in the third quarter. Semmax Financial Advisors Inc. now owns 10,600 shares of the wireless technology company's stock worth $1,732,000 after buying an additional 3,884 shares during the last quarter. Erste Asset Management GmbH bought a new position in shares of QUALCOMM during the 3rd quarter worth $15,657,000. B&L Asset Management LLC purchased a new position in shares of QUALCOMM in the third quarter worth about $632,000. Finally, Kestra Investment Management LLC bought a new position in QUALCOMM in the 3rd quarter worth approximately $775,000. 74.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on QCOM shares. Mizuho dropped their target price on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Benchmark restated a "buy" rating and set a $240.00 price objective on shares of QUALCOMM in a research report on Friday, February 7th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. 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 research report on Thursday, February 6th. Finally, StockNews.com cut shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $205.32.

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QUALCOMM Trading Down 7.7 %

QUALCOMM stock traded down $11.90 during mid-day trading on Thursday, hitting $142.18. The company's stock had a trading volume of 4,516,829 shares, compared to its average volume of 8,578,228. QUALCOMM Incorporated has a one year low of $141.72 and a one year high of $230.63. The stock has a market cap of $157.25 billion, a PE ratio of 15.19, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a 50 day moving average of $163.33 and a 200-day moving average of $163.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.

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 net margin of 25.94% and a return on equity of 39.51%. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Thursday, March 6th. QUALCOMM's payout ratio is presently 36.32%.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 744 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 461 shares of the company's stock, valued at $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were 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 $3,762,376.32. This represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,968 shares of company stock worth $4,685,077 in the last ninety days. 0.08% of the stock is owned by insiders.

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.