Taylor Financial Group Inc. Sells 100 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Taylor Financial Group Inc. lowered its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,511 shares of the wireless technology company’s stock after selling 100 shares during the quarter. Taylor Financial Group Inc.’s holdings in QUALCOMM were worth $539,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Atlanta Consulting Group Advisors LLC bought a new stake in shares of QUALCOMM during the 3rd quarter valued at about $523,000. TrinityPoint Wealth LLC boosted its position in shares of QUALCOMM by 0.5% during the 3rd quarter. TrinityPoint Wealth LLC now owns 19,798 shares of the wireless technology company’s stock valued at $3,367,000 after acquiring an additional 95 shares during the last quarter. Aljian Capital Management LLC bought a new stake in shares of QUALCOMM during the 3rd quarter valued at about $1,820,000. Richard C. Young & CO. LTD. boosted its position in shares of QUALCOMM by 44.1% during the 3rd quarter. Richard C. Young & CO. LTD. now owns 53,712 shares of the wireless technology company’s stock valued at $9,134,000 after acquiring an additional 16,430 shares during the last quarter. Finally, GLOBALT Investments LLC GA boosted its position in shares of QUALCOMM by 16.3% during the 3rd quarter. GLOBALT Investments LLC GA now owns 1,396 shares of the wireless technology company’s stock valued at $237,000 after acquiring an additional 196 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

QCOM opened at $157.95 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. QUALCOMM Incorporated has a 52-week low of $149.43 and a 52-week high of $230.63. The stock has a market capitalization of $174.69 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The stock’s 50 day moving average price is $164.64 and its 200-day moving average price is $164.32.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results 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%. On average, equities research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

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 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 2.15%. QUALCOMM’s dividend payout ratio is presently 36.32%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 744 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $174.83, for a total value of $130,073.52. Following the sale, the chief accounting officer now directly owns 461 shares of the company’s stock, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the sale, the insider now directly owns 24,393 shares in the company, valued at $3,762,376.32. This trade represents a 6.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,968 shares of company stock worth $4,685,077 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

QCOM has been the subject of a number of research analyst reports. Susquehanna dropped their price target on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Piper Sandler decreased their price objective on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Barclays decreased their price objective on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. Finally, Benchmark reissued a “buy” rating and set a $240.00 price objective on shares of QUALCOMM in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, QUALCOMM currently 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.