Vontobel Holding Ltd. Sells 43,948 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Vontobel Holding Ltd. reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,113 shares of the wireless technology company's stock after selling 43,948 shares during the quarter. Vontobel Holding Ltd.'s holdings in QUALCOMM were worth $39,498,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of QCOM. Creative Planning raised its stake in shares of QUALCOMM by 0.5% in the 3rd quarter. Creative Planning now owns 403,811 shares of the wireless technology company's stock valued at $68,147,000 after buying an additional 2,086 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in shares of QUALCOMM by 0.8% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 29,992 shares of the wireless technology company's stock valued at $5,100,000 after buying an additional 246 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of QUALCOMM by 1.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 16,375 shares of the wireless technology company's stock valued at $2,785,000 after buying an additional 184 shares in the last quarter. Paragon Capital Management Inc. raised its stake in shares of QUALCOMM by 64.4% in the 3rd quarter. Paragon Capital Management Inc. now owns 4,280 shares of the wireless technology company's stock valued at $728,000 after buying an additional 1,677 shares in the last quarter. Finally, Twelve Points Wealth Management LLC raised its stake in shares of QUALCOMM by 2.2% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 13,381 shares of the wireless technology company's stock valued at $2,275,000 after buying an additional 285 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Ann C. Chaplin sold 2,587 shares of QUALCOMM stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $158.12, for a total transaction of $409,056.44. Following the completion of the sale, the general counsel now owns 19,739 shares in the company, valued at $3,121,130.68. This trade represents a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,268 shares of company stock worth $7,785,781. Company insiders own 0.08% of the company's stock.

QUALCOMM Trading Up 0.0 %

Shares of NASDAQ:QCOM traded up $0.08 during mid-day trading on Friday, reaching $172.23. The stock had a trading volume of 4,685,871 shares, compared to its average volume of 7,722,617. The firm has a market cap of $190.49 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25. The firm has a 50 day simple moving average of $162.87 and a two-hundred day simple moving average of $165.55. The company has a current ratio of 2.62, a quick ratio of 1.79 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a twelve month low of $148.90 and a twelve month high of $230.63.

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 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 predict that QUALCOMM Incorporated will post 9.19 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 1.97%. QUALCOMM's dividend payout ratio (DPR) is currently 36.32%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on QCOM. Morgan Stanley lowered their target price on shares of QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating on the stock in a report on Thursday, November 7th. Barclays lowered their target price on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Benchmark reaffirmed a "buy" rating and issued a $240.00 target price on shares of QUALCOMM in a report on Friday, February 7th. Piper Sandler lowered their target price on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Finally, Sanford C. Bernstein upped their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $205.32.

QUALCOMM 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.