Motco Sells 1,685 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Motco decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOMGet Rating) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,798 shares of the wireless technology company’s stock after selling 1,685 shares during the quarter. Motco’s holdings in QUALCOMM were worth $10,935,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ten Capital Wealth Advisors LLC grew its holdings in shares of QUALCOMM by 263.2% during the third quarter. Ten Capital Wealth Advisors LLC now owns 276 shares of the wireless technology company’s stock worth $36,000 after purchasing an additional 200 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in QUALCOMM in the third quarter worth approximately $36,000. Jackson Wealth Management LLC boosted its stake in QUALCOMM by 0.3% in the third quarter. Jackson Wealth Management LLC now owns 39,836 shares of the wireless technology company’s stock worth $37,000 after buying an additional 103 shares in the last quarter. Old North State Trust LLC boosted its stake in QUALCOMM by 58.9% in the fourth quarter. Old North State Trust LLC now owns 205 shares of the wireless technology company’s stock worth $37,000 after buying an additional 76 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. boosted its stake in QUALCOMM by 49.6% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 202 shares of the wireless technology company’s stock worth $37,000 after buying an additional 67 shares in the last quarter. 72.78% of the stock is owned by institutional investors.

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,100 shares of the company’s stock in a transaction dated Thursday, February 10th. The stock was sold at an average price of $179.83, for a total value of $557,473.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

Shares of NASDAQ QCOM traded down $8.50 during trading on Friday, reaching $139.69. The company had a trading volume of 13,693,083 shares, compared to its average volume of 10,956,190. The company has a quick ratio of 1.33, a current ratio of 1.65 and a debt-to-equity ratio of 1.21. QUALCOMM Incorporated has a 12-month low of $122.17 and a 12-month high of $193.58. The stock has a market cap of $156.45 billion, a PE ratio of 14.30, a P/E/G ratio of 0.79 and a beta of 1.21. The business’s 50-day moving average is $149.96 and its 200 day moving average is $162.75.

QUALCOMM (NASDAQ:QCOMGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The wireless technology company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.53. QUALCOMM had a return on equity of 112.99% and a net margin of 28.42%. During the same quarter in the previous year, the business posted $1.59 EPS. On average, analysts anticipate that QUALCOMM Incorporated will post 10.6 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Thursday, June 2nd will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, June 1st. This is a boost from QUALCOMM’s previous quarterly dividend of $0.68. QUALCOMM’s dividend payout ratio (DPR) is currently 27.84%.

A number of research firms have recently weighed in on QCOM. Robert W. Baird increased their price objective on QUALCOMM from $200.00 to $250.00 in a research note on Friday, February 4th. Mizuho dropped their price objective on QUALCOMM from $210.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, April 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on QUALCOMM from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, April 20th. Morgan Stanley increased their price objective on QUALCOMM from $167.00 to $170.00 in a research note on Thursday. Finally, StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Friday. Ten research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, QUALCOMM presently has an average rating of “Buy” and an average target price of $193.04.

QUALCOMM Company Profile (Get Rating)

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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