SNS Financial Group LLC Has $1.21 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

SNS Financial Group LLC lessened its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,855 shares of the wireless technology company’s stock after selling 444 shares during the quarter. SNS Financial Group LLC’s holdings in QUALCOMM were worth $1,207,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Foundations Investment Advisors LLC boosted its stake in QUALCOMM by 28.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 13,582 shares of the wireless technology company’s stock worth $2,310,000 after acquiring an additional 3,023 shares during the last quarter. Eastern Bank boosted its stake in QUALCOMM by 769.3% during the 3rd quarter. Eastern Bank now owns 9,667 shares of the wireless technology company’s stock worth $1,644,000 after acquiring an additional 8,555 shares during the last quarter. Accordant Advisory Group Inc bought a new position in QUALCOMM during the 3rd quarter worth approximately $36,000. Stanley Laman Group Ltd. boosted its stake in QUALCOMM by 9.9% during the 3rd quarter. Stanley Laman Group Ltd. now owns 29,740 shares of the wireless technology company’s stock worth $5,057,000 after acquiring an additional 2,681 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in QUALCOMM by 11.4% during the 3rd quarter. Private Advisor Group LLC now owns 89,715 shares of the wireless technology company’s stock worth $15,256,000 after acquiring an additional 9,185 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM opened at $175.22 on Thursday. The company’s fifty day simple moving average is $164.01 and its 200 day simple moving average is $165.61. The company has a market cap of $193.79 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.99 and a beta of 1.25. QUALCOMM Incorporated has a 1-year low of $148.90 and a 1-year high of $230.63. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (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, research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given 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 1.94%. QUALCOMM’s payout ratio is presently 36.32%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on QCOM shares. Evercore ISI reduced their price objective on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Loop Capital started coverage on shares of QUALCOMM in a research note on Monday, November 11th. They issued a “hold” rating and a $180.00 price target on the stock. Benchmark reaffirmed a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a research note on Friday, February 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and a consensus price target of $205.32.

Insider Activity

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $161.54, for a total transaction of $484,620.00. Following the completion of the sale, the chief financial officer now owns 48,778 shares of the company’s stock, valued at $7,879,598.12. This represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Ann C. Chaplin sold 7,717 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,239,273.03. Following the sale, the general counsel now directly owns 17,153 shares of the company’s stock, valued at $2,754,600.27. This represents a 31.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,964 shares of company stock valued at $7,583,661. 0.08% of the stock is owned by company insiders.

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.