BLB&B Advisors LLC Decreases Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

BLB&B Advisors LLC lowered its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,097 shares of the wireless technology company’s stock after selling 192 shares during the period. BLB&B Advisors LLC’s holdings in QUALCOMM were worth $1,244,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in QCOM. Barrett & Company Inc. boosted its holdings in shares of QUALCOMM by 11.4% in the 4th quarter. Barrett & Company Inc. now owns 4,871 shares of the wireless technology company’s stock worth $748,000 after purchasing an additional 500 shares during the period. Lecap Asset Management Ltd. bought a new stake in QUALCOMM in the fourth quarter worth $2,615,000. Golden State Wealth Management LLC bought a new position in QUALCOMM during the fourth quarter valued at $549,000. Global X Japan Co. Ltd. raised its stake in shares of QUALCOMM by 6.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 79,342 shares of the wireless technology company’s stock valued at $12,189,000 after acquiring an additional 4,859 shares during the period. Finally, Fairvoy Private Wealth LLC bought a new stake in shares of QUALCOMM in the 4th quarter worth about $323,000. 74.35% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Alexander H. Rogers sold 10,373 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the transaction, the insider now directly owns 33,383 shares of the company’s stock, valued at $5,360,975.97. This represents a 23.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $161.54, for a total value of $484,620.00. Following the sale, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. This represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,981 shares of company stock worth $4,000,870 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Trading Down 0.8 %

NASDAQ QCOM opened at $167.96 on Friday. QUALCOMM Incorporated has a 52 week low of $146.29 and a 52 week high of $230.63. The company has a 50 day moving average price of $161.96 and a 200 day moving average price of $166.04. The company has a quick ratio of 1.79, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The firm has a market cap of $185.76 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last issued 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, sell-side analysts forecast that QUALCOMM Incorporated will post 9.19 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.02%. QUALCOMM’s payout ratio is 36.32%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on QCOM. Loop Capital started coverage on shares of QUALCOMM in a report on Monday, November 11th. They set a “hold” rating and a $180.00 price target on the stock. Morgan Stanley reduced their price target on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Susquehanna decreased their price target on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, November 20th. Citigroup cut their price objective on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $160.00 target price on shares of QUALCOMM in a research note on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $205.32.

QUALCOMM 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.