QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Compass Capital Management Inc.

Compass Capital Management Inc. trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 411,228 shares of the wireless technology company’s stock after selling 14,818 shares during the period. QUALCOMM accounts for about 4.2% of Compass Capital Management Inc.’s portfolio, making the stock its 6th largest position. Compass Capital Management Inc.’s holdings in QUALCOMM were worth $59,476,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in QCOM. Brookstone Capital Management increased its stake in QUALCOMM by 3.8% during the 3rd quarter. Brookstone Capital Management now owns 30,966 shares of the wireless technology company’s stock worth $3,446,000 after buying an additional 1,143 shares during the period. PDS Planning Inc grew its stake in shares of QUALCOMM by 10.8% in the third quarter. PDS Planning Inc now owns 3,341 shares of the wireless technology company’s stock worth $371,000 after acquiring an additional 325 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of QUALCOMM by 0.4% during the third quarter. Commonwealth Equity Services LLC now owns 613,293 shares of the wireless technology company’s stock worth $68,112,000 after acquiring an additional 2,705 shares during the period. RMR Wealth Builders acquired a new stake in shares of QUALCOMM in the third quarter valued at $519,000. Finally, Accurate Wealth Management LLC boosted its holdings in QUALCOMM by 72.0% in the third quarter. Accurate Wealth Management LLC now owns 5,306 shares of the wireless technology company’s stock valued at $595,000 after purchasing an additional 2,222 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM traded down $3.35 during trading on Tuesday, reaching $165.85. The stock had a trading volume of 6,832,208 shares, compared to its average volume of 8,480,383. The firm’s 50 day moving average price is $166.17 and its two-hundred day moving average price is $145.34. QUALCOMM Incorporated has a one year low of $101.47 and a one year high of $177.59. The stock has a market cap of $185.09 billion, a PE ratio of 24.21, a P/E/G ratio of 2.27 and a beta of 1.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.43. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. The company had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.50 billion. On average, research analysts forecast that QUALCOMM Incorporated will post 7.64 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.05%. This is a boost from QUALCOMM’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, May 30th. QUALCOMM’s dividend payout ratio is presently 46.38%.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $173.49, for a total transaction of $520,470.00. Following the completion of the transaction, the chief financial officer now owns 69,343 shares in the company, valued at $12,030,317.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Cristiano R. Amon sold 8,100 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $159.50, for a total value of $1,291,950.00. Following the completion of the transaction, the chief executive officer now owns 24,300 shares of the company’s stock, valued at $3,875,850. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $173.49, for a total transaction of $520,470.00. Following the sale, the chief financial officer now owns 69,343 shares in the company, valued at $12,030,317.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,260 shares of company stock valued at $5,973,728. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on QCOM shares. JPMorgan Chase & Co. reduced their price target on QUALCOMM from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, February 1st. HSBC boosted their price target on shares of QUALCOMM from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday. Citigroup lowered QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a report on Thursday, February 1st. Mizuho increased their price objective on QUALCOMM from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Susquehanna boosted their price target on QUALCOMM from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.68.

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.