QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Berkeley Capital Partners LLC

Berkeley Capital Partners LLC trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,596 shares of the wireless technology company’s stock after selling 354 shares during the period. Berkeley Capital Partners LLC’s holdings in QUALCOMM were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. iA Global Asset Management Inc. boosted its stake in shares of QUALCOMM by 2.7% during the 4th quarter. iA Global Asset Management Inc. now owns 174,672 shares of the wireless technology company’s stock worth $26,833,000 after purchasing an additional 4,659 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of QUALCOMM during the 4th quarter worth about $374,000. Teacher Retirement System of Texas boosted its stake in shares of QUALCOMM by 99.6% during the 4th quarter. Teacher Retirement System of Texas now owns 712,857 shares of the wireless technology company’s stock worth $109,509,000 after purchasing an additional 355,677 shares during the last quarter. Sandy Spring Bank boosted its stake in shares of QUALCOMM by 1.4% during the 4th quarter. Sandy Spring Bank now owns 36,317 shares of the wireless technology company’s stock worth $5,579,000 after purchasing an additional 513 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in shares of QUALCOMM by 1.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 494,523 shares of the wireless technology company’s stock worth $75,969,000 after purchasing an additional 9,023 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

QCOM has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Mizuho decreased their target price on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Melius Research assumed coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 target price on the stock. Barclays decreased their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. One 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $205.32.

QUALCOMM Trading Up 1.3 %

QCOM opened at $158.26 on Thursday. The firm has a market capitalization of $175.04 billion, a P/E ratio of 16.91, a P/E/G ratio of 2.01 and a beta of 1.28. The firm’s 50 day moving average is $164.54 and its 200-day moving average is $164.15. 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.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) 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%. Analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently declared 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. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is currently 36.32%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction on Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the completion of the transaction, the insider now owns 20,762 shares of the company’s stock, valued at $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the transaction, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at approximately $80,596.63. This represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,968 shares of company stock valued at $4,685,077. 0.08% of the stock is currently owned by corporate insiders.

About QUALCOMM

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.