Aire Advisors LLC Sells 104 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Aire Advisors LLC trimmed its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,540 shares of the wireless technology company’s stock after selling 104 shares during the quarter. Aire Advisors LLC’s holdings in QUALCOMM were worth $237,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bay Capital Advisors LLC acquired a new position in QUALCOMM in the 4th quarter valued at $233,000. PKS Advisory Services LLC bought a new stake in shares of QUALCOMM during the fourth quarter worth about $320,000. Heritage Wealth Management Inc. CA grew its stake in shares of QUALCOMM by 4.6% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 4,920 shares of the wireless technology company’s stock worth $756,000 after purchasing an additional 217 shares during the last quarter. Zions Bancorporation N.A. raised its holdings in QUALCOMM by 13.5% during the 4th quarter. Zions Bancorporation N.A. now owns 6,532 shares of the wireless technology company’s stock worth $1,003,000 after purchasing an additional 777 shares during the last quarter. Finally, FineMark National Bank & Trust raised its position in shares of QUALCOMM by 17.3% in the 4th quarter. FineMark National Bank & Trust now owns 93,383 shares of the wireless technology company’s stock worth $14,345,000 after acquiring an additional 13,757 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on QCOM. Benchmark restated a “buy” rating and set a $240.00 price objective on shares of QUALCOMM in a report on Friday, February 7th. Melius started coverage on shares of QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 target price for the company. Cantor Fitzgerald restated a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a research note on Thursday, February 6th. Melius Research initiated coverage on QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 target price for the company. Finally, Evercore ISI lowered their price target on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.32.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $160.08 on Tuesday. The company has a 50-day simple moving average of $164.57 and a 200-day simple moving average of $163.95. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63. The company has a market cap of $177.05 billion, a PE ratio of 17.10, a price-to-earnings-growth 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.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates 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 analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is 36.32%.

Insider Activity

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM 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 transaction, the insider now directly owns 20,762 shares of the company’s stock, valued at approximately $3,526,010.46. This trade represents a 48.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the transaction, the insider now owns 24,393 shares of the company’s stock, valued at approximately $3,762,376.32. The trade was a 6.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,968 shares of company stock worth $4,685,077 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

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.