QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 986,712 shares of the wireless technology company's stock after selling 126,768 shares during the period. American Century Companies Inc. owned 0.09% of QUALCOMM worth $151,579,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Thompson Siegel & Walmsley LLC raised its stake in QUALCOMM by 0.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 17,112 shares of the wireless technology company's stock valued at $2,910,000 after purchasing an additional 150 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of QUALCOMM during the 3rd quarter valued at approximately $1,617,000. GenTrust LLC grew its position in QUALCOMM by 128.2% in the third quarter. GenTrust LLC now owns 2,396 shares of the wireless technology company's stock worth $407,000 after acquiring an additional 1,346 shares during the period. Nicolet Advisory Services LLC increased its stake in QUALCOMM by 20.0% during the third quarter. Nicolet Advisory Services LLC now owns 1,701 shares of the wireless technology company's stock worth $287,000 after acquiring an additional 283 shares during the last quarter. Finally, Certified Advisory Corp raised its position in QUALCOMM by 8.5% in the third quarter. Certified Advisory Corp now owns 10,023 shares of the wireless technology company's stock valued at $1,704,000 after purchasing an additional 787 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

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Wall Street Analyst Weigh In

QCOM has been the subject of a number of recent analyst reports. Evercore ISI dropped their price target on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating for the company in a research report on Thursday, February 6th. Cantor Fitzgerald restated a "neutral" rating and set a $160.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. Melius Research initiated coverage on QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 price objective for the company. Melius began coverage on shares of QUALCOMM in a research note on Monday, December 9th. They set a "hold" rating and a $180.00 target price on the stock. Finally, Benchmark reiterated a "buy" rating and issued a $240.00 price target on shares of QUALCOMM in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $205.32.

QUALCOMM Price Performance

Shares of QCOM stock traded down $1.76 during trading hours on Wednesday, hitting $158.39. The company's stock had a trading volume of 5,959,028 shares, compared to its average volume of 8,221,996. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a twelve month low of $149.43 and a twelve month high of $230.63. The stock has a market cap of $175.18 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 2.01 and a beta of 1.28. The business has a fifty day moving average of $164.47 and a 200-day moving average of $163.92.

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 (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. As a group, equities research analysts anticipate 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. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is 36.32%.

Insider Activity at QUALCOMM

In other news, CAO Neil Martin sold 744 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the transaction, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. This represents a 61.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total transaction of $246,784.00. Following the transaction, the insider now directly owns 24,393 shares of the company's stock, valued at $3,762,376.32. This trade represents a 6.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,968 shares of company stock worth $4,685,077. 0.08% of the stock is currently owned by insiders.

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.