Davidson Investment Advisors Reduces Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Davidson Investment Advisors lowered its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,850 shares of the wireless technology company’s stock after selling 250 shares during the period. Davidson Investment Advisors’ holdings in QUALCOMM were worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in QCOM. Kentucky Retirement Systems Insurance Trust Fund boosted its position in QUALCOMM by 81.4% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 59,828 shares of the wireless technology company’s stock valued at $9,191,000 after acquiring an additional 26,845 shares in the last quarter. Creative Capital Management Investments LLC lifted its stake in shares of QUALCOMM by 7.7% in the 4th quarter. Creative Capital Management Investments LLC now owns 5,044 shares of the wireless technology company’s stock valued at $775,000 after purchasing an additional 360 shares during the period. Cardinal Capital Management boosted its position in shares of QUALCOMM by 3.4% during the fourth quarter. Cardinal Capital Management now owns 65,485 shares of the wireless technology company’s stock valued at $10,060,000 after purchasing an additional 2,174 shares in the last quarter. Kestra Investment Management LLC grew its stake in QUALCOMM by 32.6% in the fourth quarter. Kestra Investment Management LLC now owns 6,038 shares of the wireless technology company’s stock worth $928,000 after purchasing an additional 1,483 shares during the period. Finally, Beta Wealth Group Inc. raised its holdings in QUALCOMM by 6.5% in the fourth quarter. Beta Wealth Group Inc. now owns 9,879 shares of the wireless technology company’s stock worth $1,518,000 after purchasing an additional 601 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at QUALCOMM

In other news, General Counsel Ann C. Chaplin sold 7,717 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,239,273.03. Following the transaction, the general counsel now owns 17,153 shares of the company’s stock, valued at approximately $2,754,600.27. The trade was a 31.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares of the company’s stock, valued at approximately $14,570. This represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,268 shares of company stock worth $7,785,781. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

QCOM has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Barclays cut their price objective 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. Sanford C. Bernstein lifted their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Evercore ISI cut their price target on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Finally, Loop Capital began coverage on QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 price objective for the company. One 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 data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.32.

QUALCOMM Trading Up 0.0 %

QUALCOMM stock opened at $172.23 on Tuesday. The business has a 50-day simple moving average of $163.13 and a two-hundred day simple moving average of $165.39. The company has a market cap of $190.49 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.80 and a beta of 1.25. QUALCOMM Incorporated has a 52-week low of $148.90 and a 52-week high of $230.63. The company has a quick ratio of 1.79, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results 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%. Analysts predict that QUALCOMM Incorporated will post 9.19 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 given a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.97%. QUALCOMM’s payout ratio is currently 36.32%.

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.