QUALCOMM Incorporated (NASDAQ:QCOM) is Addison Capital Co’s 10th Largest Position

Addison Capital Co decreased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,676 shares of the wireless technology company’s stock after selling 115 shares during the period. QUALCOMM comprises about 2.7% of Addison Capital Co’s holdings, making the stock its 10th largest position. Addison Capital Co’s holdings in QUALCOMM were worth $6,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. GLOBALT Investments LLC GA increased its stake in QUALCOMM by 6.4% in the 4th quarter. GLOBALT Investments LLC GA now owns 1,486 shares of the wireless technology company’s stock valued at $228,000 after buying an additional 90 shares during the last quarter. IMG Wealth Management Inc. bought a new position in shares of QUALCOMM in the fourth quarter valued at approximately $205,000. SlateStone Wealth LLC increased its position in shares of QUALCOMM by 3.5% during the fourth quarter. SlateStone Wealth LLC now owns 3,597 shares of the wireless technology company’s stock valued at $553,000 after acquiring an additional 120 shares during the last quarter. First National Advisers LLC increased its position in shares of QUALCOMM by 3.2% during the fourth quarter. First National Advisers LLC now owns 37,207 shares of the wireless technology company’s stock valued at $5,716,000 after acquiring an additional 1,151 shares during the last quarter. Finally, GWN Securities Inc. purchased a new position in QUALCOMM in the fourth quarter worth $880,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 3.1 %

Shares of QCOM opened at $156.58 on Monday. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The company has a market capitalization of $173.18 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The firm’s 50 day simple moving average is $164.68 and its 200 day simple moving average is $164.40.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 annualized dividend and a dividend yield of 2.17%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction on Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the transaction, the chief accounting officer now owns 461 shares in the company, valued at $80,596.63. This trade represents a 61.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander H. Rogers sold 19,287 shares of the business’s stock in a transaction on Monday, February 10th. The stock was 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 directly owns 20,762 shares of the company’s stock, valued at $3,526,010.46. This represents a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,968 shares of company stock valued at $4,685,077. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Melius began 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. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 12th. 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 research report on Thursday, February 6th. Piper Sandler dropped their price objective on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, Benchmark reissued a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a research report on Friday, February 7th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.32.

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.