RS Crum Inc. Sells 100 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

RS Crum Inc. lowered its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,750 shares of the wireless technology company’s stock after selling 100 shares during the period. RS Crum Inc.’s holdings in QUALCOMM were worth $730,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mizuho Markets Americas LLC increased its position in QUALCOMM by 2,965.8% during the 3rd quarter. Mizuho Markets Americas LLC now owns 48,378 shares of the wireless technology company’s stock valued at $8,227,000 after buying an additional 46,800 shares in the last quarter. River Street Advisors LLC increased its holdings in shares of QUALCOMM by 5.0% in the 3rd quarter. River Street Advisors LLC now owns 7,868 shares of the wireless technology company’s stock worth $1,338,000 after purchasing an additional 373 shares in the last quarter. Seizert Capital Partners LLC boosted its stake in shares of QUALCOMM by 9.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 64,750 shares of the wireless technology company’s stock worth $11,011,000 after buying an additional 5,410 shares during the last quarter. Accredited Investors Inc. boosted its stake in shares of QUALCOMM by 11.7% in the 3rd quarter. Accredited Investors Inc. now owns 2,384 shares of the wireless technology company’s stock worth $405,000 after buying an additional 250 shares during the last quarter. Finally, Sather Financial Group Inc boosted its stake in shares of QUALCOMM by 0.3% in the 3rd quarter. Sather Financial Group Inc now owns 344,144 shares of the wireless technology company’s stock worth $58,522,000 after buying an additional 1,166 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other news, CAO Neil Martin sold 744 shares of the business’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 completion of the sale, the chief accounting officer now owns 461 shares in the company, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alexander H. Rogers sold 19,287 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares of the company’s stock, valued at approximately $3,526,010.46. This represents a 48.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,555 shares of company stock worth $5,094,134 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Trading Up 3.1 %

Shares of NASDAQ QCOM opened at $156.58 on Friday. The business’s 50 day moving average is $164.68 and its two-hundred day moving average is $164.46. 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 1-year low of $149.43 and a 1-year high of $230.63. The stock has a market capitalization of $173.18 billion, a P/E ratio of 16.73, a PEG ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) 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%. As a group, research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business 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 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 yield of 2.17%. QUALCOMM’s payout ratio is 36.32%.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of research reports. Susquehanna dropped their price target on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. Barclays lowered their target price on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. Cantor Fitzgerald reiterated a “neutral” rating and set a $160.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $205.32.

QUALCOMM 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.