QUALCOMM Incorporated (NASDAQ:QCOM) Position Decreased by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,025 shares of the wireless technology company’s stock after selling 200 shares during the quarter. Heritage Investors Management Corp’s holdings in QUALCOMM were worth $3,909,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. DiNuzzo Private Wealth Inc. purchased a new stake in shares of QUALCOMM during the 4th quarter worth about $32,000. Cherry Tree Wealth Management LLC lifted its stake in QUALCOMM by 95.0% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 236 shares of the wireless technology company’s stock valued at $34,000 after acquiring an additional 115 shares during the last quarter. Financial Gravity Asset Management Inc. grew its position in QUALCOMM by 102.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 122 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of QUALCOMM during the 4th quarter worth $35,000. Finally, Cranbrook Wealth Management LLC raised its holdings in shares of QUALCOMM by 68.0% during the 4th quarter. Cranbrook Wealth Management LLC now owns 247 shares of the wireless technology company’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other QUALCOMM news, Director Sylvia Acevedo sold 2,056 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $178.21, for a total transaction of $366,399.76. Following the transaction, the director now directly owns 54 shares in the company, valued at approximately $9,623.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other QUALCOMM news, Director Sylvia Acevedo sold 2,056 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $178.21, for a total transaction of $366,399.76. Following the transaction, the director now owns 54 shares in the company, valued at $9,623.34. The sale was disclosed in a document filed with the SEC, which is available 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 completion of the sale, 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 sold 46,316 shares of company stock worth $7,796,128 in the last quarter. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on QCOM shares. Wells Fargo & Company upped their price objective on shares of QUALCOMM from $120.00 to $140.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. Robert W. Baird raised their price objective on QUALCOMM from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Wolfe Research increased their price target on QUALCOMM from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of QUALCOMM in a research note on Friday, May 3rd. Finally, Argus raised their target price on shares of QUALCOMM from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus price target of $180.48.

QUALCOMM Price Performance

NASDAQ QCOM traded down $0.01 on Thursday, hitting $180.54. 5,508,369 shares of the company were exchanged, compared to its average volume of 8,663,888. The company has a current ratio of 2.65, a quick ratio of 1.98 and a debt-to-equity ratio of 0.59. The company has a market cap of $201.48 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.27 and a beta of 1.33. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $184.31. The firm has a 50 day moving average of $169.12 and a two-hundred day moving average of $148.31.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be paid a dividend of $0.85 per share. 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 1.88%. The ex-dividend date of this dividend is Thursday, May 30th. QUALCOMM’s dividend payout ratio is 45.70%.

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.