Hyman Charles D Sells 434 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Hyman Charles D lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,732 shares of the wireless technology company’s stock after selling 434 shares during the quarter. Hyman Charles D’s holdings in QUALCOMM were worth $1,552,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Peoples Bank OH acquired a new position in shares of QUALCOMM during the fourth quarter valued at about $219,000. HF Advisory Group LLC purchased a new stake in shares of QUALCOMM in the third quarter worth approximately $629,000. Bank Hapoalim BM lifted its holdings in shares of QUALCOMM by 35.0% in the fourth quarter. Bank Hapoalim BM now owns 35,423 shares of the wireless technology company’s stock valued at $5,123,000 after purchasing an additional 9,192 shares in the last quarter. NewEdge Wealth LLC boosted its position in shares of QUALCOMM by 120.2% during the fourth quarter. NewEdge Wealth LLC now owns 20,677 shares of the wireless technology company’s stock valued at $2,991,000 after buying an additional 11,285 shares during the last quarter. Finally, 1834 Investment Advisors Co. grew its holdings in QUALCOMM by 6.6% during the fourth quarter. 1834 Investment Advisors Co. now owns 45,570 shares of the wireless technology company’s stock worth $6,591,000 after buying an additional 2,818 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Price Performance

NASDAQ:QCOM traded down $1.70 during mid-day trading on Tuesday, hitting $180.15. 8,005,698 shares of the stock traded hands, compared to its average volume of 8,727,156. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. QUALCOMM Incorporated has a 12-month low of $101.47 and a 12-month high of $184.31. The company has a market cap of $201.05 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.27 and a beta of 1.33. The business’s 50-day moving average price is $168.62 and its 200 day moving average price is $148.09.

QUALCOMM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be paid a $0.85 dividend. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, May 30th. QUALCOMM’s dividend payout ratio is currently 43.01%.

Insider Buying and Selling at QUALCOMM

In other news, Director Sylvia Acevedo sold 2,056 shares of QUALCOMM stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.21, for a total transaction of $366,399.76. Following the completion of the sale, the director now directly owns 54 shares of the company’s stock, valued at approximately $9,623.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Sylvia Acevedo sold 2,056 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $178.21, for a total value of $366,399.76. Following the completion of the sale, the director now owns 54 shares in the company, valued at approximately $9,623.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Neil Martin sold 371 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total transaction of $55,586.93. Following the transaction, the chief accounting officer now owns 689 shares in the company, valued at $103,232.87. The disclosure for this sale can be found here. Insiders have sold a total of 46,316 shares of company stock valued at $7,796,128 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of QUALCOMM in a report on Friday. TD Cowen boosted their price target on shares of QUALCOMM from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Wolfe Research increased their price objective on shares of QUALCOMM from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Cantor Fitzgerald restated a “neutral” rating and issued a $190.00 target price on shares of QUALCOMM in a research note on Thursday, May 2nd. Finally, Canaccord Genuity Group raised their target price on QUALCOMM from $180.00 to $206.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $180.48.

QUALCOMM Company 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.