Martin & Co. Inc. TN Sells 146 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Martin & Co. Inc. TN lessened its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,691 shares of the wireless technology company’s stock after selling 146 shares during the quarter. Martin & Co. Inc. TN’s holdings in QUALCOMM were worth $1,154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in QCOM. Certified Advisory Corp lifted its stake in QUALCOMM by 0.7% in the first quarter. Certified Advisory Corp now owns 11,582 shares of the wireless technology company’s stock valued at $1,770,000 after buying an additional 79 shares during the last quarter. Calamos Wealth Management LLC boosted its stake in QUALCOMM by 4.4% during the 2nd quarter. Calamos Wealth Management LLC now owns 1,955 shares of the wireless technology company’s stock worth $233,000 after purchasing an additional 82 shares during the period. Blue Fin Capital Inc. increased its stake in QUALCOMM by 1.5% in the second quarter. Blue Fin Capital Inc. now owns 5,399 shares of the wireless technology company’s stock valued at $643,000 after purchasing an additional 82 shares during the period. LMG Wealth Partners LLC raised its holdings in shares of QUALCOMM by 1.7% in the second quarter. LMG Wealth Partners LLC now owns 4,947 shares of the wireless technology company’s stock valued at $589,000 after buying an additional 85 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of QUALCOMM by 0.4% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 21,700 shares of the wireless technology company’s stock worth $2,583,000 after buying an additional 89 shares during the period. Institutional investors own 71.10% of the company’s stock.

QUALCOMM Trading Up 0.0 %

Shares of QUALCOMM stock opened at $129.51 on Tuesday. The business has a 50 day moving average price of $113.68 and a 200 day moving average price of $114.89. The company has a market capitalization of $144.53 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.44 and a beta of 1.21. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.33 and a quick ratio of 1.67. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $139.94.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be issued a $0.80 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.47%. QUALCOMM’s dividend payout ratio (DPR) is 49.84%.

Insider Activity

In other QUALCOMM news, insider James J. Cathey sold 1,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $111.27, for a total value of $111,270.00. Following the transaction, the insider now directly owns 5,745 shares in the company, valued at approximately $639,246.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Alexander H. Rogers sold 6,001 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $110.40, for a total transaction of $662,510.40. Following the transaction, the insider now directly owns 25,229 shares in the company, valued at $2,785,281.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James J. Cathey sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $111.27, for a total value of $111,270.00. Following the completion of the sale, the insider now directly owns 5,745 shares in the company, valued at $639,246.15. The disclosure for this sale can be found here. Insiders have sold 46,963 shares of company stock worth $5,377,298 over the last three months. 0.07% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. StockNews.com raised QUALCOMM from a “hold” rating to a “buy” rating in a research note on Thursday, October 12th. Piper Sandler increased their price target on QUALCOMM from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, August 3rd. Susquehanna boosted their price objective on shares of QUALCOMM from $130.00 to $140.00 and gave the company a “positive” rating in a research note on Thursday, November 2nd. Deutsche Bank Aktiengesellschaft cut shares of QUALCOMM from a “buy” rating to a “hold” rating and reduced their target price for the stock from $130.00 to $121.00 in a research note on Thursday, August 3rd. Finally, Mizuho restated a “buy” rating and issued a $140.00 price objective on shares of QUALCOMM in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.85.

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.