Muirfield Wealth Advisors LLC Has $324,000 Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Muirfield Wealth Advisors LLC trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,112 shares of the wireless technology company’s stock after selling 64 shares during the period. Muirfield Wealth Advisors LLC’s holdings in QUALCOMM were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Princeton Global Asset Management LLC lifted its stake in shares of QUALCOMM by 96.2% during the 4th quarter. Princeton Global Asset Management LLC now owns 612 shares of the wireless technology company’s stock worth $94,000 after buying an additional 300 shares during the last quarter. JB Capital LLC raised its holdings in QUALCOMM by 7.4% in the 4th quarter. JB Capital LLC now owns 55,690 shares of the wireless technology company’s stock valued at $8,555,000 after acquiring an additional 3,843 shares during the period. Oregon Pacific Wealth Management LLC acquired a new stake in QUALCOMM during the fourth quarter worth approximately $338,000. Chicago Capital LLC boosted its holdings in shares of QUALCOMM by 26.0% during the fourth quarter. Chicago Capital LLC now owns 39,068 shares of the wireless technology company’s stock worth $6,002,000 after acquiring an additional 8,054 shares during the period. Finally, Means Investment CO. Inc. grew its position in shares of QUALCOMM by 5.4% in the fourth quarter. Means Investment CO. Inc. now owns 7,141 shares of the wireless technology company’s stock valued at $1,097,000 after purchasing an additional 364 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $161.54, for a total transaction of $484,620.00. Following the transaction, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at $7,879,598.12. This represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,981 shares of company stock worth $4,000,870. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Price Performance

QCOM stock opened at $172.93 on Monday. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The firm has a market cap of $192.13 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.87 and a beta of 1.25. The company’s fifty day simple moving average is $160.76 and its 200 day simple moving average is $166.19. QUALCOMM Incorporated has a 12-month low of $139.26 and a 12-month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.01 by $0.25. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. On average, analysts expect that QUALCOMM Incorporated will post 9.16 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date 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 presently 37.82%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Melius began coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price target on the stock. Barclays cut their price objective on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Sanford C. Bernstein raised their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Melius Research initiated coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price target on the stock. Finally, Morgan Stanley lowered their price objective on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average target price of $206.57.

About QUALCOMM

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.