1,370 Shares in QUALCOMM Incorporated (NASDAQ:QCOM) Purchased by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,370 shares of the wireless technology company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of QCOM. Seizert Capital Partners LLC increased its position in shares of QUALCOMM by 9.1% in the third quarter. Seizert Capital Partners LLC now owns 64,750 shares of the wireless technology company’s stock valued at $11,011,000 after buying an additional 5,410 shares in the last quarter. Accredited Investors Inc. increased its holdings in QUALCOMM by 11.7% during the 3rd quarter. Accredited Investors Inc. now owns 2,384 shares of the wireless technology company’s stock valued at $405,000 after acquiring an additional 250 shares in the last quarter. Sather Financial Group Inc raised its position in QUALCOMM by 0.3% during the third quarter. Sather Financial Group Inc now owns 344,144 shares of the wireless technology company’s stock worth $58,522,000 after acquiring an additional 1,166 shares during the last quarter. GoalVest Advisory LLC lifted its holdings in shares of QUALCOMM by 180.9% in the third quarter. GoalVest Advisory LLC now owns 323 shares of the wireless technology company’s stock valued at $55,000 after purchasing an additional 208 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC acquired a new stake in shares of QUALCOMM in the third quarter valued at approximately $523,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Up 3.1 %

Shares of NASDAQ:QCOM opened at $156.58 on Monday. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The company’s fifty day moving average is $164.68 and its two-hundred day moving average is $164.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The stock has a market capitalization of $173.18 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results 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%. Equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is 36.32%.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total transaction of $509,400.00. Following the completion of the transaction, the chief financial officer now owns 63,115 shares in the company, valued at approximately $10,716,927. This trade represents a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 value of $3,275,511.21. Following the completion of the transaction, the insider now owns 20,762 shares in the company, valued at $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,968 shares of company stock valued at $4,685,077. 0.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Melius started coverage on QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective for the company. Evercore ISI reduced their price objective on QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. Susquehanna dropped their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. Benchmark restated a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a report on Friday, February 7th. Finally, Melius Research initiated coverage on shares of QUALCOMM in a report on Monday, December 9th. They set a “hold” rating and a $180.00 price target for the company. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.