QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Kanawha Capital Management LLC

Kanawha Capital Management LLC lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,841 shares of the wireless technology company's stock after selling 1,649 shares during the period. Kanawha Capital Management LLC's holdings in QUALCOMM were worth $12,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning lifted its holdings in QUALCOMM by 0.5% in the 3rd quarter. Creative Planning now owns 403,811 shares of the wireless technology company's stock valued at $68,147,000 after purchasing an additional 2,086 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of QUALCOMM by 0.8% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 29,992 shares of the wireless technology company's stock valued at $5,100,000 after purchasing an additional 246 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in QUALCOMM by 1.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 16,375 shares of the wireless technology company's stock valued at $2,785,000 after buying an additional 184 shares in the last quarter. Paragon Capital Management Inc. raised its holdings in shares of QUALCOMM by 64.4% during the 3rd quarter. Paragon Capital Management Inc. now owns 4,280 shares of the wireless technology company's stock worth $728,000 after acquiring an additional 1,677 shares during the period. Finally, Twelve Points Wealth Management LLC boosted its position in shares of QUALCOMM by 2.2% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 13,381 shares of the wireless technology company's stock valued at $2,275,000 after acquiring an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on QCOM shares. Rosenblatt Securities restated a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. Sanford C. Bernstein raised their target price on QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Melius initiated coverage on QUALCOMM in a research note on Monday, December 9th. They issued a "hold" rating and a $180.00 price target on the stock. Barclays cut their price objective on QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, Wells Fargo & Company upped their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $205.32.

QUALCOMM Stock Up 0.0 %

QUALCOMM stock traded up $0.08 during trading on Monday, reaching $172.23. The stock had a trading volume of 4,685,871 shares, compared to its average volume of 7,928,451. QUALCOMM Incorporated has a 52-week low of $148.90 and a 52-week high of $230.63. The business has a 50 day moving average price of $163.13 and a 200 day moving average price of $165.39. The company has a quick ratio of 1.79, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The stock has a market cap of $190.49 billion, a PE ratio of 18.40, a P/E/G ratio of 2.80 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, analysts predict that QUALCOMM Incorporated will post 9.19 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.97%. QUALCOMM's payout ratio is currently 36.32%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 2,587 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the transaction, the general counsel now owns 19,739 shares of the company's stock, valued at approximately $3,121,130.68. This trade represents a 11.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,268 shares of company stock valued at $7,785,781. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Company 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.