Kessler Investment Group LLC Has $213,000 Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Kessler Investment Group LLC cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,387 shares of the wireless technology company’s stock after selling 187 shares during the period. Kessler Investment Group LLC’s holdings in QUALCOMM were worth $213,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QCOM. Creative Planning increased its holdings in shares of QUALCOMM by 0.5% during the third quarter. Creative Planning now owns 403,811 shares of the wireless technology company’s stock worth $68,147,000 after buying an additional 2,086 shares in the last quarter. B.O.S.S. Retirement Advisors LLC acquired a new stake in QUALCOMM in the third quarter valued at $282,000. Cornerstone Wealth Management LLC increased its holdings in QUALCOMM by 4.1% in the third quarter. Cornerstone Wealth Management LLC now owns 9,971 shares of the wireless technology company’s stock valued at $1,696,000 after purchasing an additional 393 shares during the period. Good Life Advisors LLC increased its holdings in QUALCOMM by 29.8% in the third quarter. Good Life Advisors LLC now owns 3,190 shares of the wireless technology company’s stock valued at $542,000 after purchasing an additional 733 shares during the period. Finally, Marshall Financial Group LLC increased its holdings in QUALCOMM by 1.0% in the third quarter. Marshall Financial Group LLC now owns 13,805 shares of the wireless technology company’s stock valued at $2,348,000 after purchasing an additional 136 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Trading Up 0.0 %

QCOM opened at $172.23 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.79. QUALCOMM Incorporated has a fifty-two week low of $148.90 and a fifty-two week high of $230.63. The firm has a market capitalization of $190.49 billion, a PE ratio of 18.40, a P/E/G ratio of 2.80 and a beta of 1.25. The company’s 50-day moving average is $162.87 and its 200 day moving average is $165.55.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data 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 net margin of 25.94% and a return on equity of 39.51%. As a group, research analysts predict that QUALCOMM Incorporated will post 9.19 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 1.97%. QUALCOMM’s dividend payout ratio (DPR) is 36.32%.

Insider Buying and Selling at QUALCOMM

In other news, insider Alexander H. Rogers sold 19,287 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares in the company, valued at $3,526,010.46. This trade represents a 48.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares of the company’s stock, valued at approximately $14,570. The trade was a 93.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,268 shares of company stock worth $7,785,781. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wells Fargo & Company increased their price objective on QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Piper Sandler decreased their price objective on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Barclays cut their price target on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Melius initiated coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price target on the stock. Finally, UBS Group upped their price target on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.