QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Curtis Advisory Group LLC

Curtis Advisory Group LLC lessened its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,800 shares of the wireless technology company’s stock after selling 100 shares during the quarter. Curtis Advisory Group LLC’s holdings in QUALCOMM were worth $737,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fisher Funds Management LTD acquired a new position in shares of QUALCOMM during the fourth quarter valued at $16,447,000. First Horizon Advisors Inc. boosted its holdings in shares of QUALCOMM by 5.9% during the fourth quarter. First Horizon Advisors Inc. now owns 117,412 shares of the wireless technology company’s stock valued at $18,037,000 after acquiring an additional 6,535 shares during the period. Sigma Planning Corp boosted its holdings in shares of QUALCOMM by 3.3% during the fourth quarter. Sigma Planning Corp now owns 23,220 shares of the wireless technology company’s stock valued at $3,567,000 after acquiring an additional 747 shares during the period. Prentice Wealth Management LLC boosted its holdings in shares of QUALCOMM by 8.5% during the fourth quarter. Prentice Wealth Management LLC now owns 2,993 shares of the wireless technology company’s stock valued at $460,000 after acquiring an additional 234 shares during the period. Finally, Dividend Assets Capital LLC boosted its holdings in shares of QUALCOMM by 3.6% during the fourth quarter. Dividend Assets Capital LLC now owns 85,768 shares of the wireless technology company’s stock valued at $13,176,000 after acquiring an additional 3,001 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on QCOM. Loop Capital began coverage on shares of QUALCOMM in a research note on Monday, November 11th. They set a “hold” rating and a $180.00 price objective on the stock. StockNews.com upgraded shares of QUALCOMM from a “buy” rating to a “strong-buy” rating in a research note on Friday. Wells Fargo & Company lifted their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Cantor Fitzgerald restated a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. Finally, Piper Sandler cut their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.32.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, 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 transaction of $484,620.00. Following the transaction, the chief financial officer now owns 48,778 shares of the company’s stock, valued at $7,879,598.12. The trade was a 5.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction dated Friday, February 21st. The shares were 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 in the company, valued at approximately $80,596.63. This trade represents a 61.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,708 shares of company stock valued at $7,713,734 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Trading Down 4.8 %

Shares of QCOM opened at $165.43 on Friday. The business’s 50-day moving average price is $164.46 and its 200 day moving average price is $165.77. The stock has a market capitalization of $182.97 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.01 and a beta of 1.25. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. Analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.06%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

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.