Rothschild Investment LLC Has $9.80 Million Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Rothschild Investment LLC trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,783 shares of the wireless technology company’s stock after selling 454 shares during the period. Rothschild Investment LLC’s holdings in QUALCOMM were worth $9,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QCOM. Country Club Bank raised its position in shares of QUALCOMM by 1.9% in the third quarter. Country Club Bank now owns 6,760 shares of the wireless technology company’s stock valued at $1,150,000 after buying an additional 123 shares in the last quarter. Allworth Financial LP raised its position in shares of QUALCOMM by 44.7% in the third quarter. Allworth Financial LP now owns 58,565 shares of the wireless technology company’s stock valued at $9,959,000 after buying an additional 18,102 shares in the last quarter. Osborne Partners Capital Management LLC raised its position in shares of QUALCOMM by 12.8% in the third quarter. Osborne Partners Capital Management LLC now owns 1,197 shares of the wireless technology company’s stock valued at $204,000 after buying an additional 136 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of QUALCOMM by 22.7% in the third quarter. Boston Trust Walden Corp now owns 258,631 shares of the wireless technology company’s stock valued at $43,980,000 after buying an additional 47,908 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its position in QUALCOMM by 15.3% during the third quarter. GHP Investment Advisors Inc. now owns 769 shares of the wireless technology company’s stock valued at $131,000 after purchasing an additional 102 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the completion of the transaction, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at $7,879,598.12. This trade represents a 5.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Neil Martin sold 744 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the transaction, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,708 shares of company stock valued at $7,713,734. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

QCOM has been the subject of several research analyst reports. Evercore ISI lowered their price objective on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. Melius initiated coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Loop Capital initiated coverage on shares of QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 price objective for the company. Finally, Piper Sandler lowered their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.32.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $165.43 on Monday. 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 Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The firm has a market capitalization of $182.97 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.01 and a beta of 1.25. The firm’s 50-day moving average price is $164.46 and its 200-day moving average price is $165.84.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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 annualized dividend and a yield of 2.06%. QUALCOMM’s payout ratio is 36.32%.

About QUALCOMM

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.