QUALCOMM Incorporated (NASDAQ:QCOM) is AIMZ Investment Advisors LLC’s 5th Largest Position

AIMZ Investment Advisors LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.3% in the 4th quarter, HoldingsChannel reports. The firm owned 58,819 shares of the wireless technology company’s stock after selling 195 shares during the period. QUALCOMM makes up about 3.1% of AIMZ Investment Advisors LLC’s holdings, making the stock its 5th largest holding. AIMZ Investment Advisors LLC’s holdings in QUALCOMM were worth $9,036,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Strategic Blueprint LLC lifted its position in QUALCOMM by 14.8% during the third quarter. Strategic Blueprint LLC now owns 5,032 shares of the wireless technology company’s stock worth $856,000 after buying an additional 647 shares during the period. Financial Advocates Investment Management lifted its holdings in shares of QUALCOMM by 3.0% during the 3rd quarter. Financial Advocates Investment Management now owns 9,996 shares of the wireless technology company’s stock worth $1,700,000 after acquiring an additional 289 shares during the period. HM Payson & Co. boosted its position in shares of QUALCOMM by 3.5% in the third quarter. HM Payson & Co. now owns 6,875 shares of the wireless technology company’s stock worth $1,169,000 after acquiring an additional 230 shares during the last quarter. Nikulski Financial Inc. grew its holdings in QUALCOMM by 5.0% in the third quarter. Nikulski Financial Inc. now owns 1,819 shares of the wireless technology company’s stock valued at $309,000 after purchasing an additional 86 shares during the period. Finally, AustralianSuper Pty Ltd increased its position in QUALCOMM by 14.2% during the third quarter. AustralianSuper Pty Ltd now owns 15,409 shares of the wireless technology company’s stock worth $2,620,000 after purchasing an additional 1,914 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Stock Down 4.7 %

NASDAQ QCOM opened at $154.44 on Friday. The company has a market capitalization of $170.81 billion, a P/E ratio of 16.50, a PEG ratio of 2.01 and a beta of 1.25. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63. 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 company’s 50 day simple moving average is $164.85 and its 200 day simple moving average is $165.68.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS 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%. Equities research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.20%. QUALCOMM’s payout ratio is currently 36.32%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $161.54, for a total transaction of $484,620.00. Following the transaction, the chief financial officer now owns 48,778 shares of the company’s stock, valued at $7,879,598.12. The trade was a 5.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Ann C. Chaplin sold 7,717 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,239,273.03. Following the completion of the transaction, the general counsel now owns 17,153 shares in the company, valued at $2,754,600.27. This represents a 31.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,708 shares of company stock valued at $7,713,734 over the last quarter. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on QCOM. Benchmark reissued a “buy” rating and set a $240.00 price objective on shares of QUALCOMM in a research note on Friday, February 7th. Loop Capital began coverage on QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 price target for the company. 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. Wells Fargo & Company increased their price target on QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. Finally, Susquehanna decreased their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.