QUALCOMM Incorporated (NASDAQ:QCOM) Stock Position Reduced by Five Oceans Advisors

Five Oceans Advisors trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 25.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,902 shares of the wireless technology company’s stock after selling 642 shares during the quarter. Five Oceans Advisors’ holdings in QUALCOMM were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in QCOM. Algert Global LLC acquired a new position in QUALCOMM in the second quarter valued at approximately $366,000. Czech National Bank grew its position in shares of QUALCOMM by 6.5% during the third quarter. Czech National Bank now owns 226,933 shares of the wireless technology company’s stock worth $38,590,000 after acquiring an additional 13,888 shares during the last quarter. Apella Capital LLC increased its holdings in shares of QUALCOMM by 3.3% in the 3rd quarter. Apella Capital LLC now owns 5,171 shares of the wireless technology company’s stock worth $870,000 after acquiring an additional 164 shares during the period. HBW Advisory Services LLC boosted its stake in QUALCOMM by 11.4% during the 3rd quarter. HBW Advisory Services LLC now owns 1,879 shares of the wireless technology company’s stock valued at $320,000 after purchasing an additional 192 shares during the period. Finally, Goelzer Investment Management Inc. grew its position in QUALCOMM by 0.5% in the 3rd quarter. Goelzer Investment Management Inc. now owns 110,118 shares of the wireless technology company’s stock worth $18,726,000 after purchasing an additional 499 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at QUALCOMM

In other news, General Counsel Ann C. Chaplin sold 2,587 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the completion of the sale, the general counsel now owns 19,739 shares in the company, valued at approximately $3,121,130.68. This represents a 11.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the transaction, the insider now owns 33,383 shares in the company, valued at approximately $5,360,975.97. This trade represents a 23.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,882 shares of company stock worth $4,314,649 over the last ninety days. 0.08% of the stock is currently owned by insiders.

QUALCOMM Stock Up 0.6 %

QCOM stock opened at $172.93 on Friday. The company has a 50 day moving average of $160.76 and a two-hundred day moving average of $166.67. The company has a quick ratio of 1.79, a current ratio of 2.40 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 company has a market cap of $192.13 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.85 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.16 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 1.97%. QUALCOMM’s dividend payout ratio is currently 37.82%.

Analyst Ratings Changes

QCOM has been the topic of a number of recent analyst reports. Citigroup cut their price target on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. Morgan Stanley reduced their price target on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Barclays lowered their price target on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Mizuho reduced their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $160.00 price target on shares of QUALCOMM in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus price target of $206.57.

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.