QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. decreased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,672 shares of the wireless technology company’s stock after selling 400 shares during the quarter. QUALCOMM comprises 2.4% of Alan B Lancz & Associates Inc.’s holdings, making the stock its 7th biggest position. Alan B Lancz & Associates Inc.’s holdings in QUALCOMM were worth $2,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Red Cedar Investment Management LLC purchased a new position in QUALCOMM during the 4th quarter worth approximately $1,712,000. Vestmark Advisory Solutions Inc. increased its stake in shares of QUALCOMM by 57.2% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 9,679 shares of the wireless technology company’s stock worth $1,400,000 after acquiring an additional 3,522 shares during the period. AJOVista LLC purchased a new position in shares of QUALCOMM during the fourth quarter worth $145,000. Todd Asset Management LLC lifted its position in QUALCOMM by 5.8% during the fourth quarter. Todd Asset Management LLC now owns 465,173 shares of the wireless technology company’s stock valued at $67,278,000 after purchasing an additional 25,465 shares during the period. Finally, Provence Wealth Management Group boosted its holdings in QUALCOMM by 62.8% in the fourth quarter. Provence Wealth Management Group now owns 3,600 shares of the wireless technology company’s stock valued at $521,000 after purchasing an additional 1,389 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the subject of several analyst reports. Barclays boosted their price objective on QUALCOMM from $155.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. Piper Sandler boosted their price target on QUALCOMM from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley raised their price objective on shares of QUALCOMM from $158.00 to $172.00 and gave the stock an “equal weight” rating in a research note on Thursday. HSBC boosted their target price on shares of QUALCOMM from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, UBS Group raised their price target on shares of QUALCOMM from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.36.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $182.00, for a total value of $1,456,000.00. Following the transaction, the chief technology officer now owns 253,893 shares of the company’s stock, valued at $46,208,526. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $182.00, for a total value of $1,456,000.00. Following the completion of the sale, the chief technology officer now owns 253,893 shares in the company, valued at approximately $46,208,526. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Cristiano R. Amon sold 8,100 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $159.50, for a total value of $1,291,950.00. Following the transaction, the chief executive officer now owns 24,300 shares in the company, valued at $3,875,850. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,260 shares of company stock worth $7,429,728. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Trading Down 0.3 %

Shares of QCOM stock traded down $0.46 on Friday, hitting $179.64. 10,043,912 shares of the stock traded hands, compared to its average volume of 8,171,053. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.88 and a current ratio of 2.65. QUALCOMM Incorporated has a twelve month low of $101.47 and a twelve month high of $183.19. The firm’s 50-day moving average price is $167.69 and its two-hundred day moving average price is $146.59. The stock has a market capitalization of $200.48 billion, a PE ratio of 24.15, a PEG ratio of 2.47 and a beta of 1.33.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.43. The business had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.50 billion. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. As a group, analysts anticipate that QUALCOMM Incorporated will post 7.64 EPS for the current year.

QUALCOMM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be given a $0.85 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.40 dividend on an annualized basis and a yield of 1.89%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. QUALCOMM’s payout ratio is currently 43.01%.

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.