QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 118,170 shares of the wireless technology company’s stock after selling 1,470 shares during the period. Pathstone Holdings LLC’s holdings in QUALCOMM were worth $18,178,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC purchased a new position in QUALCOMM in the fourth quarter valued at $26,000. Banque Transatlantique SA purchased a new position in QUALCOMM in the fourth quarter valued at $26,000. CKW Financial Group purchased a new position in QUALCOMM in the fourth quarter worth approximately $27,000. Centricity Wealth Management LLC purchased a new position in QUALCOMM in the fourth quarter worth approximately $29,000. Finally, CoreFirst Bank & Trust purchased a new position in QUALCOMM in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays decreased their price target on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Benchmark decreased their price target on QUALCOMM from $240.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Seaport Res Ptn raised QUALCOMM to a “hold” rating in a report on Friday, May 9th. Susquehanna decreased their price target on QUALCOMM from $210.00 to $190.00 and set a “positive” rating for the company in a report on Thursday, May 1st. Finally, StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $192.08.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,337 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $156.82, for a total transaction of $523,308.34. Following the completion of the transaction, the chief financial officer now directly owns 59,778 shares of the company’s stock, valued at approximately $9,374,385.96. This represents a 5.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 744 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the transaction, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at approximately $80,596.63. This trade represents a 61.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,312 shares of company stock worth $1,948,379. 0.08% of the stock is owned by insiders.

QUALCOMM Stock Up 1.1%

QCOM opened at $152.98 on Thursday. The business has a 50 day moving average price of $146.00 and a two-hundred day moving average price of $157.22. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The company has a market cap of $167.97 billion, a PE ratio of 16.34, a P/E/G ratio of 2.01 and a beta of 1.29. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $230.63.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.82 by $0.03. The firm had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $10.58 billion. QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.44 EPS. As a group, research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.33%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.85. QUALCOMM’s dividend payout ratio is presently 36.25%.

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.