QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Parametrica Management Ltd

Parametrica Management Ltd trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 19.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,899 shares of the wireless technology company’s stock after selling 1,901 shares during the period. QUALCOMM comprises approximately 1.6% of Parametrica Management Ltd’s holdings, making the stock its 18th largest holding. Parametrica Management Ltd’s holdings in QUALCOMM were worth $1,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. increased its stake in shares of QUALCOMM by 16.5% in the fourth quarter. Ausdal Financial Partners Inc. now owns 7,798 shares of the wireless technology company’s stock worth $1,198,000 after acquiring an additional 1,102 shares during the last quarter. Morey & Quinn Wealth Partners LLC bought a new position in shares of QUALCOMM in the 4th quarter valued at approximately $533,000. Trust Investment Advisors lifted its stake in shares of QUALCOMM by 6.6% in the fourth quarter. Trust Investment Advisors now owns 10,849 shares of the wireless technology company’s stock worth $1,667,000 after buying an additional 671 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in QUALCOMM during the 4th quarter worth $164,000. Finally, Florida Financial Advisors LLC boosted its stake in QUALCOMM by 11.8% during the 4th quarter. Florida Financial Advisors LLC now owns 4,451 shares of the wireless technology company’s stock valued at $684,000 after purchasing an additional 469 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on QCOM. Evercore ISI reduced their target price on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. Mizuho dropped their price objective on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Piper Sandler cut their price target on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Barclays cut their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Melius began coverage on QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.32.

QUALCOMM Stock Up 0.0 %

Shares of QCOM opened at $160.15 on Wednesday. QUALCOMM Incorporated has a 52 week low of $149.43 and a 52 week high of $230.63. The firm has a market cap of $177.13 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The firm’s 50-day simple moving average is $164.59 and its 200 day simple moving average is $163.96. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62.

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

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

Insider Buying and Selling

In other news, CAO Neil Martin sold 744 shares of the 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 completion of the transaction, the chief accounting officer now owns 461 shares of the company’s stock, valued at approximately $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $169.80, for a total transaction of $509,400.00. Following the sale, the chief financial officer now directly owns 63,115 shares in the company, valued at approximately $10,716,927. The trade was a 4.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,968 shares of company stock worth $4,685,077. Corporate insiders own 0.08% of the company’s stock.

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.