QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Rothschild Investment LLC

Rothschild Investment LLC lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,783 shares of the wireless technology company’s stock after selling 454 shares during the quarter. Rothschild Investment LLC’s holdings in QUALCOMM were worth $9,798,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Crestwood Advisors Group LLC boosted its position in QUALCOMM by 0.4% during the 4th quarter. Crestwood Advisors Group LLC now owns 296,323 shares of the wireless technology company’s stock valued at $45,521,000 after purchasing an additional 1,309 shares during the period. IFP Advisors Inc boosted its position in QUALCOMM by 54.1% during the 4th quarter. IFP Advisors Inc now owns 20,885 shares of the wireless technology company’s stock valued at $3,209,000 after purchasing an additional 7,332 shares during the period. Waverton Investment Management Ltd boosted its position in QUALCOMM by 6.4% during the 4th quarter. Waverton Investment Management Ltd now owns 1,538,809 shares of the wireless technology company’s stock valued at $236,430,000 after purchasing an additional 92,276 shares during the period. B&D White Capital Company LLC acquired a new position in QUALCOMM during the 4th quarter valued at approximately $522,000. Finally, Birchcreek Wealth Management LLC raised its stake in QUALCOMM by 5.8% during the 4th quarter. Birchcreek Wealth Management LLC now owns 3,828 shares of the wireless technology company’s stock valued at $588,000 after acquiring an additional 211 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $165.43 on Monday. The stock’s fifty day simple moving average is $164.46 and its 200-day simple moving average is $165.84. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The company has a market capitalization of $182.97 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 2.01 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.06%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

Wall Street Analyst Weigh In

Several analysts have weighed in on QCOM shares. Benchmark reaffirmed a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research note on Friday, February 7th. Wells Fargo & Company lifted their target price on QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 target price on shares of QUALCOMM in a research note on Thursday, February 6th. StockNews.com raised QUALCOMM from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Loop Capital started coverage on QUALCOMM in a research note on Monday, November 11th. They set a “hold” rating and a $180.00 target price on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, QUALCOMM presently has an average rating of “Moderate Buy” and an average target price of $205.32.

Insider Buying and Selling at QUALCOMM

In related news, CAO Neil Martin sold 744 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the sale, the chief accounting officer now owns 461 shares of the company’s stock, valued at approximately $80,596.63. This trade represents a 61.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alexander H. Rogers sold 19,287 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $169.83, for a total value of $3,275,511.21. Following the sale, the insider now directly owns 20,762 shares in the company, valued at $3,526,010.46. The trade was a 48.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,708 shares of company stock worth $7,713,734. Insiders own 0.08% of the company’s stock.

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.