WR Wealth Planners LLC Cuts Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

WR Wealth Planners LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 33.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 253 shares of the wireless technology company’s stock after selling 127 shares during the quarter. WR Wealth Planners LLC’s holdings in QUALCOMM were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of QCOM. Cobblestone Capital Advisors LLC NY raised its position in QUALCOMM by 3.1% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 10,182 shares of the wireless technology company’s stock valued at $1,564,000 after purchasing an additional 302 shares during the period. Maple Capital Management Inc. increased its stake in QUALCOMM by 2.2% in the fourth quarter. Maple Capital Management Inc. now owns 3,560 shares of the wireless technology company’s stock worth $547,000 after purchasing an additional 75 shares during the period. SVB Wealth LLC bought a new stake in QUALCOMM during the 4th quarter valued at about $1,974,000. Flputnam Investment Management Co. raised its stake in shares of QUALCOMM by 28.8% during the fourth quarter. Flputnam Investment Management Co. now owns 58,266 shares of the wireless technology company’s stock valued at $8,951,000 after acquiring an additional 13,014 shares in the last quarter. Finally, Waterway Wealth Management LLC raised its position in QUALCOMM by 10.0% during the 4th quarter. Waterway Wealth Management LLC now owns 4,563 shares of the wireless technology company’s stock valued at $701,000 after purchasing an additional 413 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Up 1.8 %

QUALCOMM stock opened at $157.18 on Monday. The stock has a market capitalization of $173.84 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The business has a 50 day simple moving average of $164.94 and a 200-day simple moving average of $165.61. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. On average, analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.16%. QUALCOMM’s dividend payout ratio is presently 36.32%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on QCOM. Loop Capital began coverage on shares of QUALCOMM in a research report on Monday, November 11th. They issued a “hold” rating and a $180.00 price target for the company. Susquehanna cut their price target 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. Melius Research assumed coverage on QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective for the company. UBS Group boosted their target price on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley cut their price target on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average price target of $205.32.

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 744 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the transaction, the chief accounting officer now owns 461 shares of the company’s stock, valued at $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the 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 directly 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 position. The disclosure for this sale can be found here. Insiders have sold 46,708 shares of company stock valued at $7,713,734 over the last ninety days. Company 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.