QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,148 shares of the wireless technology company’s stock after buying an additional 3,322 shares during the period. Citizens Financial Group Inc. RI’s holdings in QUALCOMM were worth $6,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sage Mountain Advisors LLC increased its holdings in shares of QUALCOMM by 2.3% in the 4th quarter. Sage Mountain Advisors LLC now owns 5,453 shares of the wireless technology company’s stock valued at $838,000 after acquiring an additional 123 shares during the period. Independent Advisor Alliance boosted its stake in QUALCOMM by 7.1% during the 4th quarter. Independent Advisor Alliance now owns 45,471 shares of the wireless technology company’s stock worth $6,985,000 after purchasing an additional 3,000 shares during the period. Paragon Private Wealth Management LLC grew its position in QUALCOMM by 7.1% during the 4th quarter. Paragon Private Wealth Management LLC now owns 3,397 shares of the wireless technology company’s stock worth $522,000 after purchasing an additional 224 shares during the last quarter. Meriwether Wealth & Planning LLC acquired a new position in QUALCOMM in the fourth quarter valued at $224,000. Finally, Johnson Investment Counsel Inc. raised its holdings in shares of QUALCOMM by 1.1% in the fourth quarter. Johnson Investment Counsel Inc. now owns 32,025 shares of the wireless technology company’s stock valued at $4,920,000 after buying an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 1.2 %

Shares of NASDAQ QCOM opened at $153.10 on Wednesday. The stock has a market capitalization of $169.33 billion, a PE ratio of 16.36, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 52-week low of $149.43 and a 52-week high of $230.63. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average of $164.76 and a 200-day moving average of $164.78.

QUALCOMM (NASDAQ:QCOM) 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, analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.22%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the sale, the insider now owns 20,762 shares in the company, valued at $3,526,010.46. This represents a 48.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 744 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the completion of the sale, the chief accounting officer now owns 461 shares of the company’s stock, valued at $80,596.63. This trade represents a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 28,955 shares of company stock valued at $4,847,350. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on QCOM shares. Melius Research assumed coverage on QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price target on the stock. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Cantor Fitzgerald reiterated a “neutral” rating and set a $160.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Piper Sandler reduced their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Benchmark reissued a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a report on Friday, February 7th. One investment 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, QUALCOMM has an average rating of “Moderate Buy” and an average price target 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.