Natixis Advisors LLC Sells 81,087 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Natixis Advisors LLC trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 838,472 shares of the wireless technology company’s stock after selling 81,087 shares during the quarter. Natixis Advisors LLC’s holdings in QUALCOMM were worth $128,806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Harrington Investments INC increased its stake in shares of QUALCOMM by 0.4% in the fourth quarter. Harrington Investments INC now owns 22,727 shares of the wireless technology company’s stock worth $3,491,000 after buying an additional 89 shares during the period. Van Strum & Towne Inc. grew its position in shares of QUALCOMM by 26.2% in the 4th quarter. Van Strum & Towne Inc. now owns 16,847 shares of the wireless technology company’s stock worth $2,588,000 after buying an additional 3,500 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in shares of QUALCOMM in the 4th quarter worth about $631,000. Buckley Wealth Management LLC grew its position in shares of QUALCOMM by 13.5% in the 4th quarter. Buckley Wealth Management LLC now owns 7,290 shares of the wireless technology company’s stock worth $1,120,000 after buying an additional 869 shares during the period. Finally, United Capital Management of KS Inc. grew its position in shares of QUALCOMM by 3.0% in the 4th quarter. United Capital Management of KS Inc. now owns 9,553 shares of the wireless technology company’s stock worth $1,468,000 after buying an additional 282 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other QUALCOMM news, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $158.12, for a total value of $409,056.44. Following the sale, the general counsel now owns 19,739 shares in the company, valued at $3,121,130.68. The trade was a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,555 shares of company stock worth $5,094,134. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on QCOM. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of QUALCOMM in a research report on Thursday, February 6th. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Susquehanna lowered their target price on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. Benchmark restated a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research note on Friday, February 7th. Finally, Barclays lowered their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.32.

QUALCOMM Stock Up 3.1 %

Shares of QCOM opened at $156.58 on Friday. The company has a market cap of $173.18 billion, a PE ratio of 16.73, a P/E/G ratio of 2.01 and a beta of 1.28. The business has a fifty day moving average of $164.68 and a 200 day moving average of $164.52. QUALCOMM Incorporated has a 52-week low of $149.43 and a 52-week high of $230.63. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 2.17%. QUALCOMM’s dividend payout ratio is currently 36.32%.

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.