Kozak & Associates Inc. Lowers Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Kozak & Associates Inc. lessened its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 27.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,649 shares of the wireless technology company’s stock after selling 991 shares during the quarter. Kozak & Associates Inc.’s holdings in QUALCOMM were worth $374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Milestone Investment Advisors LLC purchased a new stake in shares of QUALCOMM during the 1st quarter worth $26,000. DHJJ Financial Advisors Ltd. purchased a new stake in QUALCOMM during the third quarter worth approximately $26,000. Financial Gravity Asset Management Inc. boosted its holdings in QUALCOMM by 102.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 122 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in QUALCOMM during the fourth quarter worth approximately $35,000. Finally, Pacific Center for Financial Services purchased a new stake in shares of QUALCOMM during the 1st quarter worth approximately $31,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 8,100 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $169.60, for a total value of $1,373,760.00. Following the transaction, the chief executive officer now directly owns 16,200 shares in the company, valued at approximately $2,747,520. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Cristiano R. Amon sold 8,100 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $169.60, for a total transaction of $1,373,760.00. Following the sale, the chief executive officer now owns 16,200 shares in the company, valued at $2,747,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $159.39, for a total value of $1,275,120.00. Following the completion of the transaction, the chief technology officer now owns 269,893 shares of the company’s stock, valued at $43,018,245.27. The disclosure for this sale can be found here. Insiders sold a total of 34,360 shares of company stock valued at $5,457,048 over the last three months. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM traded down $0.45 during midday trading on Tuesday, hitting $167.07. 4,896,224 shares of the stock were exchanged, compared to its average volume of 9,115,529. QUALCOMM Incorporated has a twelve month low of $101.47 and a twelve month high of $177.59. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average price of $156.53 and a 200-day moving average price of $135.21. The stock has a market cap of $186.45 billion, a P/E ratio of 24.21, a PEG ratio of 2.32 and a beta of 1.41.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.43. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. On average, research analysts forecast that QUALCOMM Incorporated will post 7.67 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.92%. The ex-dividend date was Wednesday, February 28th. QUALCOMM’s payout ratio is 46.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on QCOM. Cantor Fitzgerald reiterated a “neutral” rating and set a $150.00 target price on shares of QUALCOMM in a research report on Monday, March 4th. Canaccord Genuity Group increased their target price on shares of QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, January 19th. Morgan Stanley downgraded QUALCOMM from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $119.00 to $132.00 in a research note on Friday, December 8th. Citigroup lowered QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of QUALCOMM from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average price target of $148.71.

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.