QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lessened its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 69.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 30,079 shares of the wireless technology company's stock after selling 67,382 shares during the period. OneDigital Investment Advisors LLC's holdings in QUALCOMM were worth $4,620,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in shares of QUALCOMM in the fourth quarter valued at about $26,000. WFA Asset Management Corp acquired a new stake in shares of QUALCOMM in the first quarter valued at about $27,000. Sunbeam Capital Management LLC acquired a new stake in shares of QUALCOMM in the fourth quarter valued at about $29,000. Mascagni Wealth Management Inc. acquired a new stake in shares of QUALCOMM in the fourth quarter valued at about $30,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of QUALCOMM in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on QCOM shares. Citigroup dropped their target price on shares of QUALCOMM from $185.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Evercore ISI dropped their target price on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Rosenblatt Securities restated a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a report on Thursday, May 1st. Cantor Fitzgerald restated a "neutral" rating and set a $150.00 target price on shares of QUALCOMM in a report on Thursday, May 1st. Finally, Wells Fargo & Company dropped their target price on shares of QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, QUALCOMM presently has a consensus rating of "Hold" and a consensus price target of $186.96.

QUALCOMM Trading Down 0.1%

QUALCOMM stock traded down $0.22 during trading on Friday, reaching $162.11. The company had a trading volume of 4,280,773 shares, compared to its average volume of 8,546,883. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $211.09. The stock's 50 day moving average price is $151.32 and its two-hundred day moving average price is $154.94. The firm has a market capitalization of $177.99 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.09 and a beta of 1.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.08 and a current ratio of 2.73.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.82 by $0.03. QUALCOMM had a net margin of 26.11% and a return on equity of 40.11%. The firm had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $10.58 billion. During the same period in the previous year, the firm earned $2.44 earnings per share. QUALCOMM's revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, June 5th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.20%. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. The ex-dividend date was Thursday, June 5th. QUALCOMM's payout ratio is presently 36.25%.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $137.74, for a total transaction of $220,384.00. Following the transaction, the insider directly owned 22,793 shares of the company's stock, valued at $3,139,507.82. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $161.28, for a total transaction of $537,546.24. Following the transaction, the chief financial officer directly owned 46,446 shares in the company, valued at approximately $7,490,810.88. This trade represents a 6.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 425,016 shares of company stock worth $8,437,440. 0.08% of the stock is owned by company insiders.

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.