DGS Capital Management LLC Sells 496 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

DGS Capital Management LLC trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,990 shares of the wireless technology company’s stock after selling 496 shares during the quarter. DGS Capital Management LLC’s holdings in QUALCOMM were worth $459,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QCOM. Exchange Traded Concepts LLC boosted its stake in QUALCOMM by 5.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 304,158 shares of the wireless technology company’s stock worth $46,725,000 after buying an additional 17,056 shares during the period. CX Institutional lifted its holdings in shares of QUALCOMM by 41.3% in the 4th quarter. CX Institutional now owns 35,259 shares of the wireless technology company’s stock worth $5,417,000 after acquiring an additional 10,299 shares during the last quarter. Encompass More Asset Management purchased a new position in shares of QUALCOMM during the 4th quarter worth about $1,266,000. Impact Partnership Wealth LLC grew its holdings in QUALCOMM by 16.6% during the 4th quarter. Impact Partnership Wealth LLC now owns 5,454 shares of the wireless technology company’s stock valued at $838,000 after purchasing an additional 775 shares during the last quarter. Finally, St. Johns Investment Management Company LLC raised its position in QUALCOMM by 6.8% in the 4th quarter. St. Johns Investment Management Company LLC now owns 11,827 shares of the wireless technology company’s stock worth $1,817,000 after purchasing an additional 751 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Performance

Shares of QCOM opened at $172.11 on Friday. The stock has a 50-day moving average of $159.49 and a two-hundred day moving average of $167.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The stock has a market cap of $191.21 billion, a P/E ratio of 19.14, a P/E/G ratio of 2.84 and a beta of 1.25. QUALCOMM Incorporated has a one year low of $139.26 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating 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 firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. As a group, research analysts predict that QUALCOMM Incorporated will post 9.14 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently announced 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 is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 1.98%. QUALCOMM’s dividend payout ratio is presently 37.82%.

Insider Buying and Selling at QUALCOMM

In other news, General Counsel Ann C. Chaplin sold 2,587 shares of QUALCOMM stock in a transaction that occurred on Monday, December 16th. The shares were 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 $3,121,130.68. The trade was a 11.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,882 shares of company stock valued at $4,314,649. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on QCOM shares. Melius Research started coverage on QUALCOMM in a research note on Monday, December 9th. They set a “hold” rating and a $180.00 target price on the stock. 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 report on Thursday, November 7th. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Barclays reduced their price objective on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Melius started coverage on QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 target price on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus target price of $206.57.

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.