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QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Mather Group LLC.

QUALCOMM logo with Computer and Technology background

Mather Group LLC. lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 56.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,104 shares of the wireless technology company's stock after selling 7,780 shares during the quarter. Mather Group LLC.'s holdings in QUALCOMM were worth $938,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of QUALCOMM in the 4th quarter worth about $26,000. Banque Transatlantique SA purchased a new stake in QUALCOMM in the 4th quarter worth approximately $26,000. WFA Asset Management Corp purchased a new stake in QUALCOMM in the 1st quarter worth approximately $27,000. Sunbeam Capital Management LLC purchased a new stake in shares of QUALCOMM during the 4th quarter valued at $29,000. Finally, Mascagni Wealth Management Inc. purchased a new position in QUALCOMM in the 4th quarter worth $30,000. Institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Inc/De Qualcomm sold 412,500 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total value of $6,600,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $137.74, for a total transaction of $220,384.00. Following the completion of the sale, the insider directly owned 22,793 shares of the company's stock, valued at approximately $3,139,507.82. The trade was a 6.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 425,016 shares of company stock worth $8,437,440 in the last three months. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Stock Down 0.1%

QUALCOMM stock traded down $0.22 during midday trading on Friday, hitting $162.11. 4,280,773 shares of the company's stock were exchanged, compared to its average volume of 8,546,883. 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 Incorporated has a 12 month low of $120.80 and a 12 month high of $211.09. The firm has a 50-day moving average of $151.32 and a two-hundred day moving average of $154.94. The company has a market cap of $177.99 billion, a PE ratio of 16.51, a P/E/G ratio of 2.09 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share for the quarter, beating analysts' consensus estimates of $2.82 by $0.03. The business had revenue of $10.98 billion for the quarter, compared to analysts' expectations of $10.58 billion. QUALCOMM had a net margin of 26.11% and a return on equity of 40.11%. The company's revenue was up 17.0% compared to the same quarter last year. During the same period last year, the business earned $2.44 EPS. As a group, 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 paid a $0.89 dividend. The ex-dividend date was Thursday, June 5th. This is a boost from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a yield of 2.20%. QUALCOMM's dividend payout ratio (DPR) is 36.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen cut their price target on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company decreased 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. Loop Capital cut their target price on shares of QUALCOMM from $180.00 to $155.00 and set a "hold" rating for the company in a research report on Thursday, May 1st. Cantor Fitzgerald reiterated a "neutral" rating and issued a $150.00 price target on shares of QUALCOMM in a research report on Thursday, May 1st. Finally, Seaport Res Ptn upgraded shares of QUALCOMM to a "hold" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $186.96.

Get Our Latest Research Report on QUALCOMM

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.

Further Reading

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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