Crew Capital Management Ltd. Sells 144 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Crew Capital Management Ltd. lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 9.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,345 shares of the wireless technology company’s stock after selling 144 shares during the period. Crew Capital Management Ltd.’s holdings in QUALCOMM were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of QCOM. Greenwood Capital Associates LLC boosted its stake in QUALCOMM by 5.5% in the third quarter. Greenwood Capital Associates LLC now owns 50,010 shares of the wireless technology company’s stock worth $8,504,000 after purchasing an additional 2,599 shares in the last quarter. Clarity Capital Partners LLC boosted its stake in QUALCOMM by 121.1% in the third quarter. Clarity Capital Partners LLC now owns 4,981 shares of the wireless technology company’s stock worth $847,000 after purchasing an additional 2,728 shares in the last quarter. ASB Consultores LLC boosted its stake in QUALCOMM by 15.1% in the third quarter. ASB Consultores LLC now owns 1,484 shares of the wireless technology company’s stock worth $252,000 after purchasing an additional 195 shares in the last quarter. United Advisor Group LLC acquired a new position in QUALCOMM in the third quarter worth $393,000. Finally, Amalgamated Bank boosted its stake in QUALCOMM by 4.4% in the third quarter. Amalgamated Bank now owns 249,772 shares of the wireless technology company’s stock worth $42,474,000 after purchasing an additional 10,629 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In related news, General Counsel Ann C. Chaplin sold 2,587 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the completion of the transaction, the general counsel now directly owns 19,739 shares of the company’s stock, valued at approximately $3,121,130.68. This represents a 11.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the completion of the sale, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. The trade was a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,045 shares of company stock valued at $8,237,043. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research note on Friday, February 7th. Melius Research began coverage on QUALCOMM in a research note on Monday, December 9th. They set a “hold” rating and a $180.00 price target on the stock. Evercore ISI cut their price target on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price target on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.32.

QUALCOMM Stock Up 0.5 %

NASDAQ:QCOM opened at $154.46 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The company has a market cap of $170.83 billion, a PE ratio of 16.50, a PEG ratio of 2.01 and a beta of 1.25. QUALCOMM Incorporated has a 52-week low of $149.43 and a 52-week high of $230.63. The stock has a 50-day simple moving average of $164.75 and a 200 day simple moving average of $165.34.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. On average, sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared 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 of this dividend is Thursday, March 6th. This represents a $3.40 annualized dividend and a yield of 2.20%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

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.