Farmers & Merchants Investments Inc. Has $10.88 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Farmers & Merchants Investments Inc. decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,852 shares of the wireless technology company’s stock after selling 225 shares during the period. Farmers & Merchants Investments Inc.’s holdings in QUALCOMM were worth $10,884,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB lifted its position in QUALCOMM by 7.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 59,563 shares of the wireless technology company’s stock worth $9,150,000 after buying an additional 3,895 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of QUALCOMM by 7.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 55,240 shares of the wireless technology company’s stock worth $8,486,000 after acquiring an additional 3,871 shares during the last quarter. Byrne Asset Management LLC raised its holdings in shares of QUALCOMM by 2.2% during the fourth quarter. Byrne Asset Management LLC now owns 6,255 shares of the wireless technology company’s stock worth $961,000 after acquiring an additional 135 shares in the last quarter. TFG Advisers LLC boosted its position in QUALCOMM by 1.0% during the fourth quarter. TFG Advisers LLC now owns 9,962 shares of the wireless technology company’s stock valued at $1,530,000 after purchasing an additional 96 shares during the last quarter. Finally, Vest Financial LLC grew its stake in QUALCOMM by 34.6% in the fourth quarter. Vest Financial LLC now owns 230,772 shares of the wireless technology company’s stock valued at $35,451,000 after purchasing an additional 59,366 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 10,373 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were 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 in the company, valued at $5,360,975.97. The trade was a 23.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $161.54, for a total transaction 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. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,981 shares of company stock worth $4,000,870 over the last three months. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on QCOM shares. Barclays cut their price target on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Melius Research started coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 target price for the company. Mizuho dropped their price target on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Morgan Stanley cut their target price on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $205.32.

QUALCOMM Stock Down 0.8 %

QCOM opened at $167.96 on Friday. The company has a market capitalization of $185.76 billion, a P/E ratio of 17.94, a P/E/G ratio of 2.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.79. The firm’s fifty day moving average price is $162.15 and its two-hundred day moving average price is $165.86. QUALCOMM Incorporated has a fifty-two week low of $146.29 and a fifty-two week high of $230.63.

QUALCOMM (NASDAQ:QCOM) last posted its 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 net margin of 25.94% and a return on equity of 39.51%. On average, analysts anticipate that QUALCOMM Incorporated will post 9.19 EPS for the current year.

QUALCOMM Announces Dividend

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