Tandem Capital Management Corp ADV Lowers Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Tandem Capital Management Corp ADV cut its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,977 shares of the wireless technology company’s stock after selling 171 shares during the period. QUALCOMM accounts for 2.2% of Tandem Capital Management Corp ADV’s investment portfolio, making the stock its 10th biggest position. Tandem Capital Management Corp ADV’s holdings in QUALCOMM were worth $4,144,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of QCOM. Algert Global LLC purchased a new stake in QUALCOMM in the 2nd quarter worth approximately $366,000. Czech National Bank boosted its stake in QUALCOMM by 6.5% during the third quarter. Czech National Bank now owns 226,933 shares of the wireless technology company’s stock valued at $38,590,000 after buying an additional 13,888 shares during the period. GAMMA Investing LLC grew its position in QUALCOMM by 18.6% during the third quarter. GAMMA Investing LLC now owns 16,307 shares of the wireless technology company’s stock worth $2,773,000 after buying an additional 2,555 shares in the last quarter. Diversified Trust Co increased its stake in QUALCOMM by 5.7% in the 3rd quarter. Diversified Trust Co now owns 50,282 shares of the wireless technology company’s stock worth $8,550,000 after acquiring an additional 2,707 shares during the last quarter. Finally, Smith Anglin Financial LLC raised its holdings in shares of QUALCOMM by 3.7% in the 3rd quarter. Smith Anglin Financial LLC now owns 2,122 shares of the wireless technology company’s stock valued at $361,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. This represents a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value 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. The trade was a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,981 shares of company stock valued at $4,000,870 over the last 90 days. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

QCOM stock opened at $170.24 on Tuesday. The stock has a market capitalization of $189.14 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.87 and a beta of 1.25. The stock’s 50 day simple moving average is $160.76 and its 200 day simple moving average is $166.19. QUALCOMM Incorporated has a 12-month low of $141.21 and a 12-month high of $230.63. 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 (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The company had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. As a group, research analysts forecast that QUALCOMM Incorporated will post 9.16 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.00%. QUALCOMM’s dividend payout ratio is presently 37.82%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on QCOM shares. Susquehanna decreased their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, November 20th. Morgan Stanley decreased their price target on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. KeyCorp downgraded shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price target on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company boosted their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.