Toth Financial Advisory Corp Decreases Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Toth Financial Advisory Corp cut its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,125 shares of the wireless technology company’s stock after selling 103 shares during the period. Toth Financial Advisory Corp’s holdings in QUALCOMM were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Castleview Partners LLC increased its holdings in shares of QUALCOMM by 30.0% in the 3rd quarter. Castleview Partners LLC now owns 1,477 shares of the wireless technology company’s stock valued at $251,000 after acquiring an additional 341 shares during the last quarter. Robinson Value Management Ltd. boosted its holdings in QUALCOMM by 3.2% in the third quarter. Robinson Value Management Ltd. now owns 25,917 shares of the wireless technology company’s stock valued at $4,407,000 after purchasing an additional 804 shares in the last quarter. Trilogy Capital Inc. increased its stake in QUALCOMM by 9.7% in the third quarter. Trilogy Capital Inc. now owns 19,179 shares of the wireless technology company’s stock valued at $3,261,000 after purchasing an additional 1,698 shares during the last quarter. Gilliland Jeter Wealth Management LLC lifted its position in shares of QUALCOMM by 5.3% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 1,380 shares of the wireless technology company’s stock worth $235,000 after buying an additional 70 shares during the last quarter. Finally, Narus Financial Partners LLC boosted its holdings in shares of QUALCOMM by 9.9% in the 3rd quarter. Narus Financial Partners LLC now owns 4,051 shares of the wireless technology company’s stock valued at $689,000 after buying an additional 365 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at QUALCOMM

In related news, insider Alexander H. Rogers sold 3,245 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total value of $539,156.75. Following the completion of the sale, the insider now directly owns 32,231 shares in the company, valued at approximately $5,355,180.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other QUALCOMM news, insider Alexander H. Rogers sold 3,245 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total value of $539,156.75. Following the completion of the transaction, the insider now owns 32,231 shares in the company, valued at $5,355,180.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $160.50, for a total transaction of $1,284,000.00. Following the transaction, the chief technology officer now directly owns 229,987 shares in the company, valued at approximately $36,912,913.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,245 shares of company stock worth $3,679,407. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on QCOM. Cantor Fitzgerald cut their price target on shares of QUALCOMM from $215.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 8th. Wells Fargo & Company lifted their target price on QUALCOMM from $140.00 to $170.00 and gave the stock an “underweight” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their target price on QUALCOMM from $155.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, August 1st. DZ Bank raised QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Friday, August 2nd. Finally, Citigroup reduced their price objective on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $207.92.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $169.01 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.78 and a current ratio of 2.39. The stock has a market cap of $188.62 billion, a PE ratio of 22.72, a P/E/G ratio of 1.79 and a beta of 1.28. QUALCOMM Incorporated has a 1 year low of $104.33 and a 1 year high of $230.63. The stock has a fifty day moving average price of $169.24 and a 200 day moving average price of $182.25.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.72 by $0.21. The business had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.23 billion. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. Sell-side analysts forecast that QUALCOMM Incorporated will post 8.02 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 annualized dividend and a yield of 2.01%. QUALCOMM’s dividend payout ratio (DPR) is presently 45.70%.

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.