QUALCOMM Incorporated $QCOM Shares Sold by Callan Family Office LLC

Callan Family Office LLC trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 15.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,774 shares of the wireless technology company’s stock after selling 3,878 shares during the period. Callan Family Office LLC’s holdings in QUALCOMM were worth $3,622,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of QUALCOMM by 0.3% during the second quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock worth $18,260,635,000 after purchasing an additional 290,799 shares during the period. State Street Corp boosted its holdings in QUALCOMM by 0.8% in the second quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock worth $8,547,014,000 after purchasing an additional 420,352 shares in the last quarter. Norges Bank acquired a new position in QUALCOMM during the second quarter valued at approximately $2,713,603,000. Amundi increased its stake in shares of QUALCOMM by 38.2% in the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after purchasing an additional 3,186,524 shares during the period. Finally, Legal & General Group Plc increased its position in QUALCOMM by 0.8% during the second quarter. Legal & General Group Plc now owns 9,168,731 shares of the wireless technology company’s stock worth $1,460,212,000 after acquiring an additional 74,243 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

QCOM stock opened at $147.18 on Wednesday. The company has a fifty day moving average price of $168.65 and a 200-day moving average price of $165.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. The company has a market capitalization of $157.20 billion, a P/E ratio of 30.10, a PEG ratio of 3.41 and a beta of 1.22. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95.

QUALCOMM (NASDAQ:QCOMGet Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The business had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.69 earnings per share. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.89 dividend. The ex-dividend date is Thursday, March 5th. This represents a $3.56 annualized dividend and a yield of 2.4%. QUALCOMM’s dividend payout ratio (DPR) is 72.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Susquehanna set a $210.00 target price on shares of QUALCOMM in a report on Thursday, November 6th. JPMorgan Chase & Co. upped their price target on QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Cantor Fitzgerald decreased their target price on shares of QUALCOMM from $185.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday. Sanford C. Bernstein reissued an “outperform” rating and set a $200.00 target price on shares of QUALCOMM in a report on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of QUALCOMM in a research report on Monday, December 29th. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $188.50.

Check Out Our Latest Analysis on QCOM

Trending Headlines about QUALCOMM

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Insider Buying and Selling at QUALCOMM

In other news, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $173.30, for a total value of $577,608.90. Following the sale, the executive vice president directly owned 38,932 shares of the company’s stock, valued at approximately $6,746,915.60. This represents a 7.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the completion of the transaction, the executive vice president owned 23,944 shares in the company, valued at approximately $4,262,750.32. This trade represents a 23.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 44,820 shares of company stock valued at $7,883,482 in the last ninety days. 0.05% of the stock is owned by corporate insiders.

QUALCOMM Company Profile

(Free Report)

QUALCOMM Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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