IFG Advisory LLC Sells 139 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

IFG Advisory LLC reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,713 shares of the wireless technology company’s stock after selling 139 shares during the quarter. IFG Advisory LLC’s holdings in QUALCOMM were worth $1,116,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Certified Advisory Corp lifted its position in QUALCOMM by 0.7% in the 1st quarter. Certified Advisory Corp now owns 11,582 shares of the wireless technology company’s stock valued at $1,770,000 after acquiring an additional 79 shares in the last quarter. Source Financial Advisors LLC increased its holdings in shares of QUALCOMM by 2.2% in the fourth quarter. Source Financial Advisors LLC now owns 3,903 shares of the wireless technology company’s stock worth $564,000 after purchasing an additional 85 shares during the period. MCF Advisors LLC increased its holdings in shares of QUALCOMM by 1.6% in the 3rd quarter. MCF Advisors LLC now owns 5,891 shares of the wireless technology company’s stock worth $654,000 after buying an additional 90 shares during the last quarter. Chesley Taft & Associates LLC increased its holdings in shares of QUALCOMM by 0.5% in the 4th quarter. Chesley Taft & Associates LLC now owns 16,858 shares of the wireless technology company’s stock worth $2,438,000 after buying an additional 90 shares during the last quarter. Finally, Bangor Savings Bank increased its holdings in shares of QUALCOMM by 1.0% in the 4th quarter. Bangor Savings Bank now owns 9,366 shares of the wireless technology company’s stock worth $1,355,000 after buying an additional 92 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Price Performance

NASDAQ QCOM opened at $169.13 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56. The business’s fifty day moving average is $157.05 and its 200 day moving average is $135.64. The company has a market capitalization of $188.75 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 2.28 and a beta of 1.41. QUALCOMM Incorporated has a fifty-two week low of $101.47 and a fifty-two week high of $177.59.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.43. QUALCOMM had a return on equity of 38.06% and a net margin of 21.39%. The company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.50 billion. Sell-side analysts predict that QUALCOMM Incorporated will post 7.67 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, February 28th. QUALCOMM’s dividend payout ratio is currently 46.38%.

Insiders Place Their Bets

In other news, CEO Cristiano R. Amon sold 8,100 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $149.50, for a total value of $1,210,950.00. Following the completion of the transaction, the chief executive officer now owns 32,400 shares of the company’s stock, valued at $4,843,800. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Cristiano R. Amon sold 8,100 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the completion of the transaction, the chief executive officer now owns 32,400 shares in the company, valued at $4,843,800. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 689 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $160.64, for a total transaction of $110,680.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,360 shares of company stock worth $5,457,048. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on QCOM shares. Rosenblatt Securities raised their price target on QUALCOMM from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 7th. Morgan Stanley lowered shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $119.00 to $132.00 in a research note on Friday, December 8th. Citigroup lowered shares of QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research note on Thursday, February 1st. Finally, Canaccord Genuity Group lifted their target price on shares of QUALCOMM from $152.00 to $175.00 and gave the company a “buy” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM presently has an average rating of “Moderate Buy” and a consensus target price of $148.71.

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.