Falcon Wealth Planning Has $518,000 Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Falcon Wealth Planning lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,370 shares of the wireless technology company’s stock after selling 121 shares during the quarter. Falcon Wealth Planning’s holdings in QUALCOMM were worth $518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC lifted its holdings in QUALCOMM by 14.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 27,760 shares of the wireless technology company’s stock valued at $4,265,000 after purchasing an additional 3,418 shares during the last quarter. Stonegate Investment Group LLC boosted its holdings in QUALCOMM by 3.0% in the 4th quarter. Stonegate Investment Group LLC now owns 6,574 shares of the wireless technology company’s stock worth $1,010,000 after buying an additional 193 shares during the period. Perigon Wealth Management LLC grew its stake in QUALCOMM by 1.7% in the 4th quarter. Perigon Wealth Management LLC now owns 55,107 shares of the wireless technology company’s stock valued at $8,896,000 after buying an additional 927 shares in the last quarter. Jeppson Wealth Management LLC raised its holdings in QUALCOMM by 1.0% during the 4th quarter. Jeppson Wealth Management LLC now owns 15,611 shares of the wireless technology company’s stock valued at $2,398,000 after acquiring an additional 156 shares during the period. Finally, Matrix Asset Advisors Inc. NY lifted its position in shares of QUALCOMM by 3.9% during the fourth quarter. Matrix Asset Advisors Inc. NY now owns 174,254 shares of the wireless technology company’s stock worth $26,769,000 after acquiring an additional 6,594 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of analyst reports. Citigroup decreased their price objective on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 16th. Morgan Stanley lowered their price target 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. Susquehanna reduced their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, November 20th. Evercore ISI upped their target price on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, Benchmark restated a “buy” rating and set a $240.00 price target on shares of QUALCOMM 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $206.57.

Insider Buying and Selling

In other QUALCOMM news, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the sale, the insider now owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. The trade was a 23.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,882 shares of company stock worth $4,314,649 in the last three months. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

QUALCOMM stock opened at $171.19 on Wednesday. The stock’s 50 day moving average is $159.63 and its 200 day moving average is $167.07. The company has a market capitalization of $190.19 billion, a P/E ratio of 19.04, a PEG ratio of 2.84 and a beta of 1.25. QUALCOMM Incorporated has a twelve month low of $139.26 and a twelve month high of $230.63. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.25. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. On average, equities research analysts predict that QUALCOMM Incorporated will post 9.14 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is currently 37.82%.

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.