1834 Investment Advisors Co. Sells 1,860 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

1834 Investment Advisors Co. cut its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,791 shares of the wireless technology company’s stock after selling 1,860 shares during the period. 1834 Investment Advisors Co.’s holdings in QUALCOMM were worth $4,730,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in QCOM. Marshall Financial Group LLC boosted its position in shares of QUALCOMM by 1.7% in the fourth quarter. Marshall Financial Group LLC now owns 14,039 shares of the wireless technology company’s stock valued at $2,157,000 after acquiring an additional 234 shares during the period. Jamison Private Wealth Management Inc. raised its stake in QUALCOMM by 2.3% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 57,290 shares of the wireless technology company’s stock valued at $8,801,000 after purchasing an additional 1,303 shares during the last quarter. First Citizens Bank & Trust Co. boosted its holdings in QUALCOMM by 29.0% in the 4th quarter. First Citizens Bank & Trust Co. now owns 5,840 shares of the wireless technology company’s stock valued at $897,000 after purchasing an additional 1,312 shares during the period. Precedent Wealth Partners LLC grew its position in QUALCOMM by 3.0% in the 4th quarter. Precedent Wealth Partners LLC now owns 8,389 shares of the wireless technology company’s stock worth $1,289,000 after purchasing an additional 247 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new position in shares of QUALCOMM during the fourth quarter valued at about $86,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other news, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the sale, the insider now directly owns 33,383 shares in the company, valued at $5,360,975.97. The trade was a 23.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,882 shares of company stock worth $4,314,649. 0.08% of the stock is owned by insiders.

Analysts Set New Price Targets

QCOM has been the topic of a number of recent research reports. Melius began coverage on QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 target price on the stock. Sanford C. Bernstein boosted their price objective on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Susquehanna cut their target price on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, November 20th. Melius Research initiated coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. Finally, Morgan Stanley decreased their target price on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus price target of $206.57.

QUALCOMM Stock Performance

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 1-year low of $139.26 and a 1-year high of $230.63. The stock has a market capitalization of $191.21 billion, a P/E ratio of 19.14, a P/E/G ratio of 2.84 and a beta of 1.25. The business has a 50-day moving average price of $159.49 and a two-hundred day moving average price of $167.83.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results 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. Equities analysts predict that QUALCOMM Incorporated will post 9.14 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.85 per share. 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 1.98%. QUALCOMM’s dividend payout ratio (DPR) is presently 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.