Sabal Trust CO Acquires 200 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Sabal Trust CO boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,884 shares of the wireless technology company’s stock after purchasing an additional 200 shares during the quarter. Sabal Trust CO’s holdings in QUALCOMM were worth $597,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Old Port Advisors increased its holdings in shares of QUALCOMM by 13.3% during the third quarter. Old Port Advisors now owns 2,061 shares of the wireless technology company’s stock valued at $350,000 after acquiring an additional 242 shares in the last quarter. Boston Financial Mangement LLC increased its holdings in shares of QUALCOMM by 0.6% during the third quarter. Boston Financial Mangement LLC now owns 13,079 shares of the wireless technology company’s stock valued at $2,224,000 after acquiring an additional 79 shares in the last quarter. Fortitude Family Office LLC increased its holdings in shares of QUALCOMM by 62.6% during the third quarter. Fortitude Family Office LLC now owns 395 shares of the wireless technology company’s stock valued at $67,000 after acquiring an additional 152 shares in the last quarter. MONECO Advisors LLC increased its holdings in shares of QUALCOMM by 1.8% during the third quarter. MONECO Advisors LLC now owns 3,883 shares of the wireless technology company’s stock valued at $660,000 after acquiring an additional 68 shares in the last quarter. Finally, Strategic Blueprint LLC increased its holdings in shares of QUALCOMM by 14.8% during the third quarter. Strategic Blueprint LLC now owns 5,032 shares of the wireless technology company’s stock valued at $856,000 after acquiring an additional 647 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on QCOM. Sanford C. Bernstein boosted their price objective on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group lifted their target price on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Barclays cut their target price on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Melius Research began coverage on QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 target price on the stock. Finally, Loop Capital began coverage on QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average target price of $205.32.

QUALCOMM Stock Performance

Shares of QCOM opened at $162.10 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM Incorporated has a 1 year low of $149.43 and a 1 year high of $230.63. The firm has a market cap of $179.28 billion, a PE ratio of 17.32, a PEG ratio of 2.01 and a beta of 1.25. The stock’s fifty day moving average price is $164.77 and its two-hundred day moving average price is $165.76.

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

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid 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 dividend yield of 2.10%. QUALCOMM’s payout ratio is 36.32%.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 20,762 shares in the company, valued at $3,526,010.46. This represents a 48.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Neil Martin sold 744 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the completion of the transaction, the chief accounting officer now owns 461 shares in the company, valued at $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,708 shares of company stock worth $7,713,734. 0.08% of the stock is owned by company insiders.

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.