Northern Financial Advisors Inc Decreases Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Northern Financial Advisors Inc decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,442 shares of the wireless technology company’s stock after selling 202 shares during the quarter. Northern Financial Advisors Inc’s holdings in QUALCOMM were worth $529,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Walkner Condon Financial Advisors LLC grew its stake in QUALCOMM by 5.8% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 1,596 shares of the wireless technology company’s stock valued at $245,000 after acquiring an additional 87 shares in the last quarter. Catalyst Financial Partners LLC boosted its holdings in shares of QUALCOMM by 2.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 10,635 shares of the wireless technology company’s stock worth $1,634,000 after purchasing an additional 252 shares during the last quarter. IMS Capital Management increased its holdings in shares of QUALCOMM by 1.4% in the fourth quarter. IMS Capital Management now owns 9,310 shares of the wireless technology company’s stock valued at $1,430,000 after purchasing an additional 130 shares during the last quarter. Aljian Capital Management LLC lifted its position in QUALCOMM by 1.5% during the fourth quarter. Aljian Capital Management LLC now owns 10,863 shares of the wireless technology company’s stock worth $1,669,000 after buying an additional 161 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its stake in QUALCOMM by 4.5% during the fourth quarter. Pathway Financial Advisers LLC now owns 13,526 shares of the wireless technology company’s stock worth $2,078,000 after buying an additional 588 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Up 1.1 %

QCOM stock opened at $172.15 on Friday. The company’s 50 day moving average price is $162.64 and its 200 day moving average price is $165.50. The firm has a market capitalization of $190.40 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 2.80 and a beta of 1.25. QUALCOMM Incorporated has a fifty-two week low of $148.90 and a fifty-two week high of $230.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.79 and a current ratio of 2.62.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 EPS 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, equities research analysts anticipate that QUALCOMM Incorporated will post 9.19 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.85 dividend. 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 1.98%. QUALCOMM’s payout ratio is currently 36.32%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 2,587 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the transaction, the general counsel now owns 19,739 shares of the company’s stock, valued at approximately $3,121,130.68. This trade represents a 11.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,268 shares of company stock valued at $7,785,781. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on QCOM. Barclays cut their target price on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company lifted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. UBS Group lifted their price target on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Benchmark reiterated a “buy” rating and issued a $240.00 price objective on shares of QUALCOMM in a report on Friday, February 7th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently 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.