FCG Investment Co Has $1.23 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

FCG Investment Co lowered its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 24.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,030 shares of the wireless technology company’s stock after selling 2,549 shares during the quarter. FCG Investment Co’s holdings in QUALCOMM were worth $1,234,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Fred Alger Management LLC raised its stake in shares of QUALCOMM by 5.8% in the 2nd quarter. Fred Alger Management LLC now owns 55,972 shares of the wireless technology company’s stock valued at $11,149,000 after buying an additional 3,078 shares in the last quarter. APG Asset Management US Inc. raised its position in QUALCOMM by 14.1% in the second quarter. APG Asset Management US Inc. now owns 390,115 shares of the wireless technology company’s stock worth $78,035,000 after purchasing an additional 48,179 shares in the last quarter. Employees Retirement System of Texas acquired a new position in QUALCOMM in the second quarter worth about $9,326,000. Drucker Wealth 3.0 LLC acquired a new stake in QUALCOMM during the second quarter valued at approximately $1,431,000. Finally, Delta Investment Management LLC boosted its holdings in QUALCOMM by 7.2% during the second quarter. Delta Investment Management LLC now owns 2,839 shares of the wireless technology company’s stock valued at $565,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Price Performance

QCOM opened at $174.36 on Friday. The company has a fifty day moving average price of $159.05 and a two-hundred day moving average price of $168.04. The firm has a market capitalization of $193.71 billion, a PE ratio of 19.39, a P/E/G ratio of 2.84 and a beta of 1.25. QUALCOMM Incorporated has a 52 week low of $139.26 and a 52 week high of $230.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. As a group, analysts anticipate that QUALCOMM Incorporated will post 9.14 earnings per share for the current year.

QUALCOMM Announces Dividend

The company 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 $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.95%. QUALCOMM’s dividend payout ratio is 37.82%.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This represents a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander H. Rogers sold 10,373 shares of QUALCOMM stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the transaction, the insider now owns 33,383 shares in the company, valued at $5,360,975.97. This trade represents a 23.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,882 shares of company stock valued at $4,314,649 in the last 90 days. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

QCOM has been the subject of several analyst reports. Mizuho cut their target price on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Benchmark restated a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a research note on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Susquehanna reduced their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, November 20th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $206.57.

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.