QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,708 shares of the wireless technology company’s stock after selling 206 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in QUALCOMM were worth $262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of QCOM. Orca Wealth Management LLC acquired a new position in QUALCOMM during the 4th quarter valued at about $5,138,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of QUALCOMM by 14.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 27,760 shares of the wireless technology company’s stock valued at $4,265,000 after acquiring an additional 3,418 shares in the last quarter. Stonegate Investment Group LLC increased its stake in shares of QUALCOMM by 3.0% during the fourth quarter. Stonegate Investment Group LLC now owns 6,574 shares of the wireless technology company’s stock valued at $1,010,000 after acquiring an additional 193 shares during the period. Perigon Wealth Management LLC raised its holdings in QUALCOMM by 1.7% during the fourth quarter. Perigon Wealth Management LLC now owns 55,107 shares of the wireless technology company’s stock worth $8,896,000 after purchasing an additional 927 shares in the last quarter. Finally, Jeppson Wealth Management LLC lifted its position in QUALCOMM by 1.0% in the fourth quarter. Jeppson Wealth Management LLC now owns 15,611 shares of the wireless technology company’s stock worth $2,398,000 after purchasing an additional 156 shares during the period. Institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This trade represents a 13.67 % decrease in their ownership of the stock. The transaction 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 the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at approximately $14,570. This represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,882 shares of company stock valued at $4,314,649 over the last three months. 0.08% of the stock is currently owned by insiders.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $171.71 on Thursday. QUALCOMM Incorporated has a one year low of $139.26 and a one year high of $230.63. The business’s 50-day moving average price is $159.76 and its two-hundred day moving average price is $166.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The company has a market capitalization of $190.77 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 2.84 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. Analysts anticipate that QUALCOMM Incorporated will post 9.14 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio is presently 37.82%.

Analyst Ratings Changes

A number of analysts have recently commented on QCOM shares. Citigroup dropped their price objective on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 16th. UBS Group upped their price target on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Susquehanna dropped their target price on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a report on Wednesday, November 20th. Sanford C. Bernstein raised their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Mizuho dropped their price target on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $206.57.

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.