QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 24.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,499 shares of the wireless technology company’s stock after selling 1,467 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in QUALCOMM were worth $651,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QCOM. Financial Gravity Asset Management Inc. grew its position in shares of QUALCOMM by 102.5% during the third quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock worth $26,000 after buying an additional 122 shares in the last quarter. Milestone Investment Advisors LLC bought a new stake in shares of QUALCOMM in the 1st quarter worth about $26,000. Legacy Financial Group LLC bought a new stake in shares of QUALCOMM in the 3rd quarter worth about $29,000. Pacific Center for Financial Services acquired a new stake in shares of QUALCOMM in the 1st quarter valued at about $31,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of QUALCOMM during the first quarter worth about $32,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on QCOM shares. Citigroup cut QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research note on Thursday, February 1st. TD Cowen raised their price objective on QUALCOMM from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Canaccord Genuity Group lifted their price objective on shares of QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Piper Sandler increased their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, KeyCorp lifted their price target on shares of QUALCOMM from $180.00 to $205.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.90.

Insider Buying and Selling

In other QUALCOMM news, CEO Cristiano R. Amon sold 8,100 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the completion of the transaction, the chief executive officer now directly owns 32,400 shares of the company’s stock, valued at approximately $4,843,800. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Neil Martin sold 371 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the sale, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at approximately $103,232.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $149.50, for a total value of $1,210,950.00. Following the sale, the chief executive officer now directly owns 32,400 shares in the company, valued at $4,843,800. The disclosure for this sale can be found here. Insiders have sold a total of 44,360 shares of company stock valued at $7,184,678 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

QCOM stock traded down $3.21 during trading on Thursday, reaching $161.11. 4,980,832 shares of the company’s stock were exchanged, compared to its average volume of 8,557,064. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $177.59. The firm has a market cap of $179.80 billion, a PE ratio of 23.67, a P/E/G ratio of 2.30 and a beta of 1.41. The company’s fifty day moving average price is $164.47 and its 200-day moving average price is $142.20. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.63.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.43. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. On average, research analysts expect that QUALCOMM Incorporated will post 7.69 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be issued a $0.85 dividend. This is a boost from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a dividend yield of 2.11%. QUALCOMM’s dividend payout ratio (DPR) is 46.38%.

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.