Natixis Advisors LLC Sells 81,087 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Natixis Advisors LLC lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 838,472 shares of the wireless technology company’s stock after selling 81,087 shares during the period. Natixis Advisors LLC owned about 0.08% of QUALCOMM worth $128,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Harrington Investments INC grew its position in QUALCOMM by 0.4% in the fourth quarter. Harrington Investments INC now owns 22,727 shares of the wireless technology company’s stock valued at $3,491,000 after purchasing an additional 89 shares in the last quarter. Van Strum & Towne Inc. grew its position in shares of QUALCOMM by 26.2% in the 4th quarter. Van Strum & Towne Inc. now owns 16,847 shares of the wireless technology company’s stock valued at $2,588,000 after acquiring an additional 3,500 shares during the period. Greykasell Wealth Strategies Inc. bought a new position in shares of QUALCOMM in the 4th quarter valued at about $631,000. Buckley Wealth Management LLC grew its position in shares of QUALCOMM by 13.5% in the 4th quarter. Buckley Wealth Management LLC now owns 7,290 shares of the wireless technology company’s stock valued at $1,120,000 after acquiring an additional 869 shares during the period. Finally, United Capital Management of KS Inc. grew its position in shares of QUALCOMM by 3.0% in the 4th quarter. United Capital Management of KS Inc. now owns 9,553 shares of the wireless technology company’s stock valued at $1,468,000 after acquiring an additional 282 shares during the period. Institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Benchmark reissued a “buy” rating and issued a $240.00 price objective on shares of QUALCOMM in a research report on Friday, February 7th. Susquehanna reduced their target price on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, November 20th. Barclays reduced their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of QUALCOMM in a report on Thursday, February 6th. Finally, Evercore ISI reduced their target price on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $205.32.

QUALCOMM Stock Up 3.1 %

QUALCOMM stock opened at $156.58 on Friday. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The firm has a market capitalization of $173.18 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The firm’s fifty day moving average price is $164.68 and its two-hundred day moving average price is $164.52. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results 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, equities research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.17%. QUALCOMM’s payout ratio is 36.32%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the completion of the sale, the insider now directly owns 24,393 shares in the company, valued at $3,762,376.32. The trade was a 6.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 744 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the sale, the chief accounting officer now owns 461 shares of the company’s stock, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,555 shares of company stock worth $5,094,134 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

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.