QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by MMA Asset Management LLC

MMA Asset Management LLC cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 14.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,218 shares of the wireless technology company’s stock after selling 697 shares during the period. MMA Asset Management LLC’s holdings in QUALCOMM were worth $648,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of QCOM. Reston Wealth Management LLC acquired a new stake in shares of QUALCOMM during the third quarter valued at about $26,000. Principal Securities Inc. grew its stake in shares of QUALCOMM by 21.7% during the third quarter. Principal Securities Inc. now owns 35,596 shares of the wireless technology company’s stock valued at $6,053,000 after acquiring an additional 6,347 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in shares of QUALCOMM by 2.7% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 22,153 shares of the wireless technology company’s stock valued at $3,767,000 after acquiring an additional 587 shares in the last quarter. Capital Advisors Inc. OK grew its stake in shares of QUALCOMM by 30.7% during the third quarter. Capital Advisors Inc. OK now owns 4,387 shares of the wireless technology company’s stock valued at $746,000 after acquiring an additional 1,030 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of QUALCOMM by 5.2% during the third quarter. Farther Finance Advisors LLC now owns 16,171 shares of the wireless technology company’s stock valued at $2,750,000 after acquiring an additional 793 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the completion of the transaction, the chief financial officer now owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. This trade represents a 5.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 744 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at $80,596.63. This represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,708 shares of company stock worth $7,713,734. 0.08% of the stock is owned by insiders.

QUALCOMM Price Performance

NASDAQ QCOM opened at $157.18 on Friday. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The firm has a market capitalization of $173.84 billion, a PE ratio of 16.79, a P/E/G ratio of 2.01 and a beta of 1.25. The company’s 50 day simple moving average is $164.94 and its 200 day simple moving average is $165.62.

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 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%. As a group, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given 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 2.16%. QUALCOMM’s dividend payout ratio (DPR) is 36.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on QCOM shares. Evercore ISI reduced their price target on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. UBS Group increased their price target on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research report on Friday, February 7th. Finally, Susquehanna reduced their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and a consensus target price of $205.32.

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.