Alan B Lancz & Associates Inc. Cuts Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Alan B Lancz & Associates Inc. reduced its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,172 shares of the wireless technology company’s stock after selling 500 shares during the period. QUALCOMM comprises 2.4% of Alan B Lancz & Associates Inc.’s portfolio, making the stock its 10th biggest position. Alan B Lancz & Associates Inc.’s holdings in QUALCOMM were worth $2,331,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Reston Wealth Management LLC bought a new position in shares of QUALCOMM in the third quarter worth about $26,000. HWG Holdings LP purchased a new stake in QUALCOMM in the 2nd quarter valued at about $30,000. Planning Capital Management Corp boosted its position in QUALCOMM by 137.3% in the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock valued at $34,000 after buying an additional 114 shares during the period. Accordant Advisory Group Inc purchased a new position in shares of QUALCOMM during the third quarter worth approximately $36,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of QUALCOMM during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the sale, the general counsel now owns 12,007 shares of the company’s stock, valued at $1,981,875.42. The trade was a 13.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares of the company’s stock, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,882 shares of company stock worth $4,314,649 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on QCOM shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a research note on Wednesday, November 20th. Citigroup dropped their price target on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. Melius initiated coverage on QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. Loop Capital started coverage on shares of QUALCOMM in a report on Monday, November 11th. They set a “hold” rating and a $180.00 target price on the stock. Finally, Benchmark reissued a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.57.

QUALCOMM Trading Down 1.3 %

Shares of NASDAQ:QCOM opened at $172.11 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 12-month low of $139.26 and a 12-month high of $230.63. The business has a 50 day moving average of $159.49 and a two-hundred day moving average of $167.83. The company has a market capitalization of $191.21 billion, a PE ratio of 19.14, a PEG ratio of 2.84 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. As a group, analysts forecast that QUALCOMM Incorporated will post 9.14 EPS for the current 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 paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is 37.82%.

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.