Orin Green Financial LLC Has $13.37 Million Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Orin Green Financial LLC trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,041 shares of the wireless technology company's stock after selling 3,741 shares during the period. QUALCOMM accounts for 5.9% of Orin Green Financial LLC's investment portfolio, making the stock its 5th biggest position. Orin Green Financial LLC's holdings in QUALCOMM were worth $13,371,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted its holdings in QUALCOMM by 21.9% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 27,596 shares of the wireless technology company's stock valued at $4,239,000 after purchasing an additional 4,955 shares during the period. Howard Bailey Securities LLC bought a new stake in shares of QUALCOMM during the 4th quarter worth $240,000. Greenup Street Wealth Management LLC bought a new stake in shares of QUALCOMM during the 4th quarter worth $2,256,000. Teza Capital Management LLC bought a new stake in shares of QUALCOMM during the 4th quarter worth $1,541,000. Finally, MFA Wealth Services bought a new stake in shares of QUALCOMM during the 4th quarter worth $457,000. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $139.77, for a total value of $465,853.41. Following the completion of the transaction, the chief financial officer now directly owns 53,112 shares of the company's stock, valued at $7,423,464.24. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 22,793 shares of the company's stock, valued at approximately $3,139,507.82. The trade was a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,568 shares of company stock valued at $1,818,305 over the last three months. Corporate insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on QCOM. Susquehanna dropped their price objective on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating for the company in a report on Thursday, May 1st. Evercore ISI dropped their price objective 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. TD Cowen dropped their price objective on shares of QUALCOMM from $195.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Seaport Res Ptn raised shares of QUALCOMM to a "hold" rating in a report on Friday, May 9th. Finally, Piper Sandler dropped their price objective on shares of QUALCOMM from $205.00 to $190.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $192.08.

QUALCOMM Trading Down 0.7%

Shares of NASDAQ:QCOM traded down $1.03 during midday trading on Wednesday, hitting $147.60. 7,002,442 shares of the stock traded hands, compared to its average volume of 8,845,672. The stock has a market capitalization of $162.06 billion, a PE ratio of 15.77, a P/E/G ratio of 2.01 and a beta of 1.29. The business's 50 day moving average is $145.01 and its two-hundred day moving average is $155.94. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.82 by $0.03. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. 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 prior year, the firm posted $2.44 earnings per share. The company's quarterly revenue was up 17.0% compared to the same quarter last year. As a group, research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be paid a $0.89 dividend. This is an increase from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, June 5th. QUALCOMM's dividend payout ratio is presently 36.25%.

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.