QUALCOMM Incorporated (NASDAQ:QCOM) Position Reduced by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 18.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,322 shares of the wireless technology company’s stock after selling 537 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in QUALCOMM were worth $350,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in QUALCOMM by 1.5% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 66,077 shares of the wireless technology company’s stock worth $9,557,000 after purchasing an additional 954 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of QUALCOMM by 7.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 183,544 shares of the wireless technology company’s stock valued at $26,546,000 after buying an additional 12,739 shares in the last quarter. Opus Capital Group LLC bought a new position in shares of QUALCOMM in the fourth quarter valued at $232,000. Rakuten Securities Inc. bought a new position in shares of QUALCOMM in the fourth quarter valued at $376,000. Finally, Guidance Capital Inc. increased its holdings in shares of QUALCOMM by 11.0% in the fourth quarter. Guidance Capital Inc. now owns 5,560 shares of the wireless technology company’s stock valued at $780,000 after buying an additional 549 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on QCOM shares. Rosenblatt Securities upped their price target on QUALCOMM from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Evercore ISI started coverage on QUALCOMM in a report on Tuesday. They issued an “in-line” rating and a $177.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on QUALCOMM from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Susquehanna lifted their price objective on shares of QUALCOMM from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 10th. Finally, TD Cowen lifted their price objective on shares of QUALCOMM from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.90.

QUALCOMM Trading Down 1.8 %

QUALCOMM stock opened at $161.44 on Friday. The company’s fifty day simple moving average is $164.74 and its 200-day simple moving average is $142.33. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.63. QUALCOMM Incorporated has a 12 month low of $101.47 and a 12 month high of $177.59. The stock has a market cap of $180.17 billion, a P/E ratio of 23.40, a P/E/G ratio of 2.24 and a beta of 1.41.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.43. The firm had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 7.69 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be issued a $0.85 dividend. The ex-dividend date is Thursday, May 30th. This is a boost from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a yield of 2.11%. QUALCOMM’s dividend payout ratio is currently 46.38%.

Insider Buying and Selling

In related news, CAO Neil Martin sold 371 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total value of $55,586.93. Following the completion of the sale, the chief accounting officer now directly owns 689 shares in the company, valued at $103,232.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $173.49, for a total transaction of $520,470.00. Following the completion of the transaction, the chief financial officer now owns 69,343 shares of the company’s stock, valued at approximately $12,030,317.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 371 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the transaction, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at approximately $103,232.87. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,260 shares of company stock worth $5,973,728. Corporate insiders own 0.08% of the company’s stock.

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.