OneDigital Investment Advisors LLC Decreases Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

OneDigital Investment Advisors LLC lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,461 shares of the wireless technology company's stock after selling 3,536 shares during the period. OneDigital Investment Advisors LLC's holdings in QUALCOMM were worth $14,972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QCOM. Kohmann Bosshard Financial Services LLC acquired a new position in shares of QUALCOMM during the 4th quarter valued at about $26,000. CKW Financial Group acquired a new position in QUALCOMM during the fourth quarter worth approximately $27,000. Centricity Wealth Management LLC purchased a new position in QUALCOMM during the fourth quarter worth approximately $29,000. CoreFirst Bank & Trust acquired a new position in shares of QUALCOMM in the 4th quarter valued at $33,000. Finally, Synergy Asset Management LLC acquired a new position in shares of QUALCOMM in the 4th quarter valued at $38,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Up 1.3 %

QCOM traded up $1.77 during midday trading on Wednesday, hitting $140.51. The company had a trading volume of 9,068,006 shares, compared to its average volume of 8,884,202. The company has a market capitalization of $155.40 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 2.01 and a beta of 1.28. The stock's 50 day moving average price is $151.75 and its 200 day moving average price is $159.90. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 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%. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be paid a $0.89 dividend. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, June 5th. QUALCOMM's dividend payout ratio (DPR) is currently 36.32%.

Insider Buying and Selling at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total value of $509,400.00. Following the completion of the sale, the chief financial officer now directly owns 63,115 shares in the company, valued at approximately $10,716,927. The trade was a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander H. Rogers sold 19,287 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the transaction, the insider now directly owns 20,762 shares in the company, valued at approximately $3,526,010.46. This represents a 48.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,666 shares of company stock worth $5,047,052 over the last three months. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Evercore ISI reduced their target price on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Barclays reduced their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Citigroup dropped their target price on shares of QUALCOMM from $185.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. StockNews.com lowered shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $160.00 target price on shares of QUALCOMM in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, QUALCOMM presently has an average rating of "Hold" and a consensus target price of $201.21.

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.