QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 4.3% in the 4th quarter, Holdings Channel reports. The firm owned 7,529 shares of the wireless technology company’s stock after selling 341 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in QUALCOMM were worth $1,089,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in QCOM. Vanguard Group Inc. boosted its position in QUALCOMM by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 110,717,388 shares of the wireless technology company’s stock valued at $12,296,273,000 after buying an additional 483,390 shares during the last quarter. State Street Corp lifted its position in shares of QUALCOMM by 1.1% during the second quarter. State Street Corp now owns 49,042,212 shares of the wireless technology company’s stock worth $5,837,985,000 after purchasing an additional 549,861 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of QUALCOMM by 117,461.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,587,893 shares of the wireless technology company’s stock worth $2,703,193,000 after purchasing an additional 24,566,978 shares during the last quarter. Morgan Stanley lifted its position in shares of QUALCOMM by 22.2% during the fourth quarter. Morgan Stanley now owns 21,602,874 shares of the wireless technology company’s stock worth $2,375,020,000 after purchasing an additional 3,929,586 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of QUALCOMM by 7.0% during the second quarter. Alliancebernstein L.P. now owns 18,042,933 shares of the wireless technology company’s stock worth $2,147,831,000 after purchasing an additional 1,178,546 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider James J. Cathey sold 1,000 shares of QUALCOMM stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $139.00, for a total value of $139,000.00. Following the transaction, the insider now owns 4,972 shares in the company, valued at approximately $691,108. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the transaction, the chief executive officer now owns 32,400 shares in the company, valued at approximately $4,843,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James J. Cathey sold 1,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $139.00, for a total transaction of $139,000.00. Following the transaction, the insider now owns 4,972 shares in the company, valued at approximately $691,108. The disclosure for this sale can be found here. Insiders have sold 42,360 shares of company stock worth $6,803,208 in the last quarter. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Price Performance

Shares of NASDAQ QCOM traded up $2.21 during mid-day trading on Wednesday, reaching $173.25. 3,630,679 shares of the company traded hands, compared to its average volume of 8,859,687. The firm has a market cap of $193.35 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.35 and a beta of 1.41. The stock has a fifty day simple moving average of $159.20 and a 200-day simple moving average of $137.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.56 and a quick ratio of 1.88. QUALCOMM Incorporated has a fifty-two week low of $101.47 and a fifty-two week high of $177.59.

QUALCOMM (NASDAQ:QCOMGet Free Report) last released its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.43. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. Equities research analysts anticipate that QUALCOMM Incorporated will post 7.67 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were issued a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.20 annualized dividend and a yield of 1.85%. QUALCOMM’s dividend payout ratio (DPR) is presently 46.38%.

Wall Street Analyst Weigh In

QCOM has been the topic of several research analyst reports. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. Piper Sandler increased their price target on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. KeyCorp increased their price target on shares of QUALCOMM from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Mizuho increased their price target on shares of QUALCOMM from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $150.00 target price on shares of QUALCOMM in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.71.

Get Our Latest Stock Analysis on QCOM

About QUALCOMM

(Free Report)

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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