QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,620 shares of the wireless technology company’s stock after selling 930 shares during the period. Annex Advisory Services LLC’s holdings in QUALCOMM were worth $3,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Client 1ST Advisory Group LLC acquired a new position in shares of QUALCOMM in the 4th quarter valued at about $216,000. Grove Bank & Trust lifted its holdings in QUALCOMM by 10.2% in the fourth quarter. Grove Bank & Trust now owns 2,966 shares of the wireless technology company’s stock valued at $456,000 after acquiring an additional 275 shares during the period. Delta Capital Management LLC boosted its position in QUALCOMM by 0.8% in the 4th quarter. Delta Capital Management LLC now owns 25,080 shares of the wireless technology company’s stock worth $3,853,000 after purchasing an additional 200 shares in the last quarter. Artemis Investment Management LLP increased its holdings in shares of QUALCOMM by 16.8% during the 4th quarter. Artemis Investment Management LLP now owns 75,508 shares of the wireless technology company’s stock valued at $11,600,000 after purchasing an additional 10,867 shares in the last quarter. Finally, Oak Ridge Investments LLC lifted its stake in shares of QUALCOMM by 3.8% in the 4th quarter. Oak Ridge Investments LLC now owns 8,083 shares of the wireless technology company’s stock valued at $1,242,000 after purchasing an additional 296 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Stock Up 1.9 %

QCOM stock opened at $164.56 on Monday. The firm has a market cap of $182.83 billion, a PE ratio of 18.30, a PEG ratio of 2.63 and a beta of 1.25. QUALCOMM Incorporated has a one year low of $139.26 and a one year high of $230.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The firm’s 50 day moving average price is $158.85 and its 200-day moving average price is $168.82.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The business had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. On average, equities research analysts anticipate that QUALCOMM Incorporated will post 9.09 EPS for the current year.

QUALCOMM Announces Dividend

The business 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 $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. QUALCOMM’s dividend payout ratio is currently 37.82%.

Insider Buying and Selling

In related news, insider Alexander H. Rogers sold 10,373 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the transaction, the insider now directly owns 33,383 shares in the company, valued at $5,360,975.97. This trade represents a 23.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Ann C. Chaplin sold 7,717 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,239,273.03. Following the sale, the general counsel now owns 17,153 shares in the company, valued at $2,754,600.27. This trade represents a 31.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,882 shares of company stock valued at $4,314,649. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on QCOM. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a report on Wednesday, November 20th. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company boosted their price objective on QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. decreased their target price on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Sanford C. Bernstein upped their price objective on shares of 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 assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $206.57.

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.