QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC trimmed its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,120 shares of the wireless technology company’s stock after selling 138 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in QUALCOMM were worth $940,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Northstar Group Inc. purchased a new stake in shares of QUALCOMM during the fourth quarter worth approximately $275,000. Barrett & Company Inc. increased its position in shares of QUALCOMM by 11.4% in the 4th quarter. Barrett & Company Inc. now owns 4,871 shares of the wireless technology company’s stock valued at $748,000 after purchasing an additional 500 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of QUALCOMM in the 4th quarter valued at $2,615,000. Golden State Wealth Management LLC purchased a new stake in shares of QUALCOMM during the 4th quarter worth $549,000. Finally, Global X Japan Co. Ltd. grew its stake in shares of QUALCOMM by 6.5% during the fourth quarter. Global X Japan Co. Ltd. now owns 79,342 shares of the wireless technology company’s stock worth $12,189,000 after purchasing an additional 4,859 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. UBS Group lifted their price target on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Melius Research started coverage on shares of QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 target price for the company. Morgan Stanley cut their price target on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Susquehanna decreased their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, November 20th. Finally, Benchmark reiterated a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research report on Friday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.32.

QUALCOMM Trading Down 0.8 %

NASDAQ:QCOM opened at $167.96 on Friday. The company has a market capitalization of $185.76 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25. QUALCOMM Incorporated has a 52-week low of $146.29 and a 52-week high of $230.63. The stock has a fifty day simple moving average of $161.96 and a 200-day simple moving average of $166.04. The company has a quick ratio of 1.79, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing the consensus estimate 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 expect that QUALCOMM Incorporated will post 9.19 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently announced 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 of this dividend is Thursday, March 6th. QUALCOMM’s payout ratio is 36.32%.

Insider Buying and Selling at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the 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 directly owns 48,778 shares in the company, valued at approximately $7,879,598.12. This represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Ann C. Chaplin sold 2,587 shares of QUALCOMM stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the sale, the general counsel now owns 19,739 shares of the company’s stock, valued at $3,121,130.68. This trade represents a 11.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,981 shares of company stock worth $4,000,870. Corporate insiders own 0.08% of the company’s stock.

About QUALCOMM

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.