Heritage Investors Management Corp Sells 200 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Heritage Investors Management Corp lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,025 shares of the wireless technology company’s stock after selling 200 shares during the quarter. Heritage Investors Management Corp’s holdings in QUALCOMM were worth $3,909,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Peoples Bank OH bought a new position in shares of QUALCOMM in the fourth quarter worth $219,000. HF Advisory Group LLC purchased a new position in QUALCOMM during the 3rd quarter valued at about $629,000. Bank Hapoalim BM increased its position in shares of QUALCOMM by 35.0% during the fourth quarter. Bank Hapoalim BM now owns 35,423 shares of the wireless technology company’s stock valued at $5,123,000 after buying an additional 9,192 shares during the period. NewEdge Wealth LLC lifted its holdings in shares of QUALCOMM by 120.2% in the fourth quarter. NewEdge Wealth LLC now owns 20,677 shares of the wireless technology company’s stock worth $2,991,000 after buying an additional 11,285 shares in the last quarter. Finally, 1834 Investment Advisors Co. boosted its position in shares of QUALCOMM by 6.6% in the fourth quarter. 1834 Investment Advisors Co. now owns 45,570 shares of the wireless technology company’s stock valued at $6,591,000 after acquiring an additional 2,818 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 371 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the transaction, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at $103,232.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Neil Martin sold 371 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the completion of the transaction, the chief accounting officer now owns 689 shares in the company, valued at $103,232.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $159.50, for a total transaction of $1,291,950.00. Following the transaction, the chief executive officer now directly owns 24,300 shares in the company, valued at $3,875,850. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,316 shares of company stock worth $7,796,128. 0.08% of the stock is currently owned by insiders.

QUALCOMM Trading Down 0.0 %

Shares of NASDAQ:QCOM traded down $0.01 on Thursday, reaching $180.54. 5,508,369 shares of the company traded hands, compared to its average volume of 8,663,888. QUALCOMM Incorporated has a 52 week low of $101.47 and a 52 week high of $184.31. The company has a current ratio of 2.65, a quick ratio of 1.98 and a debt-to-equity ratio of 0.59. The business’s 50-day simple moving average is $169.12 and its 200 day simple moving average is $148.31. The stock has a market capitalization of $201.48 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 2.27 and a beta of 1.33.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be paid a $0.85 dividend. This is a boost from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Thursday, May 30th. QUALCOMM’s payout ratio is 45.70%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on QCOM. UBS Group upped their target price on shares of QUALCOMM from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Susquehanna increased their price objective on QUALCOMM from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 10th. Argus boosted their target price on QUALCOMM from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday. Mizuho upped their target price on QUALCOMM from $160.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Bank of America lifted their price target on QUALCOMM from $173.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.48.

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.