Nwam LLC Trims Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Nwam LLC cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,101 shares of the wireless technology company’s stock after selling 408 shares during the period. Nwam LLC’s holdings in QUALCOMM were worth $3,702,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of QCOM. Old Port Advisors grew its holdings in shares of QUALCOMM by 13.3% during the third quarter. Old Port Advisors now owns 2,061 shares of the wireless technology company’s stock worth $350,000 after buying an additional 242 shares during the last quarter. Boston Financial Mangement LLC grew its stake in shares of QUALCOMM by 0.6% in the 3rd quarter. Boston Financial Mangement LLC now owns 13,079 shares of the wireless technology company’s stock valued at $2,224,000 after purchasing an additional 79 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of QUALCOMM by 62.6% in the third quarter. Fortitude Family Office LLC now owns 395 shares of the wireless technology company’s stock valued at $67,000 after purchasing an additional 152 shares during the period. MONECO Advisors LLC raised its stake in shares of QUALCOMM by 1.8% during the third quarter. MONECO Advisors LLC now owns 3,883 shares of the wireless technology company’s stock worth $660,000 after purchasing an additional 68 shares during the last quarter. Finally, Strategic Blueprint LLC lifted its holdings in shares of QUALCOMM by 14.8% during the third quarter. Strategic Blueprint LLC now owns 5,032 shares of the wireless technology company’s stock worth $856,000 after purchasing an additional 647 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Neil Martin sold 744 shares of the firm’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 sale, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at approximately $80,596.63. This trade represents a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total transaction of $484,620.00. Following the completion of the sale, the chief financial officer now owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. The trade was a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,708 shares of company stock worth $7,713,734. 0.08% of the stock is owned by company insiders.

QUALCOMM Price Performance

QUALCOMM stock opened at $162.10 on Thursday. The firm’s 50-day moving average is $164.77 and its two-hundred day moving average is $165.76. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The stock has a market capitalization of $179.28 billion, a P/E ratio of 17.32, a P/E/G ratio of 2.01 and a beta of 1.25. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Equities analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.10%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Mizuho dropped their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. Sanford C. Bernstein increased their target price on QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price target on QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, QUALCOMM currently has an average rating of “Moderate Buy” and an average price target of $205.32.

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.