Moser Wealth Advisors LLC Sells 235 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Moser Wealth Advisors LLC cut its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,258 shares of the wireless technology company’s stock after selling 235 shares during the quarter. Moser Wealth Advisors LLC’s holdings in QUALCOMM were worth $1,194,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in QCOM. Financial Gravity Asset Management Inc. boosted its position in shares of QUALCOMM by 102.5% during the third quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 122 shares during the period. DiNuzzo Private Wealth Inc. purchased a new stake in QUALCOMM in the fourth quarter worth $32,000. Cherry Tree Wealth Management LLC lifted its position in shares of QUALCOMM by 95.0% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 236 shares of the wireless technology company’s stock worth $34,000 after purchasing an additional 115 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of QUALCOMM during the fourth quarter valued at $35,000. Finally, Cranbrook Wealth Management LLC grew its holdings in shares of QUALCOMM by 68.0% in the fourth quarter. Cranbrook Wealth Management LLC now owns 247 shares of the wireless technology company’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Canaccord Genuity Group upped their target price on shares of QUALCOMM from $180.00 to $206.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Cantor Fitzgerald restated a “neutral” rating and set a $190.00 target price on shares of QUALCOMM in a report on Thursday, May 2nd. Evercore ISI began coverage on QUALCOMM in a research report on Tuesday, April 16th. They issued an “in-line” rating and a $177.00 price target for the company. Finally, Robert W. Baird boosted their price objective on shares of QUALCOMM from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $180.48.

QUALCOMM Price Performance

Shares of QUALCOMM stock traded down $0.61 on Thursday, reaching $179.94. The company’s stock had a trading volume of 777,263 shares, compared to its average volume of 8,608,742. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $200.81 billion, a P/E ratio of 24.19, a PEG ratio of 2.27 and a beta of 1.33. The stock has a 50-day moving average price of $168.62 and a 200-day moving average price of $148.09. QUALCOMM Incorporated has a 52-week low of $101.47 and a 52-week high of $184.31.

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.89%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, May 30th. QUALCOMM’s dividend payout ratio (DPR) is presently 45.70%.

Insider Activity

In related news, CAO Neil Martin sold 371 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $149.83, for a total value of $55,586.93. Following the transaction, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at approximately $103,232.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $173.49, for a total value of $520,470.00. Following the transaction, the chief financial officer now owns 69,343 shares in the company, valued at approximately $12,030,317.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Neil Martin sold 371 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the sale, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at approximately $103,232.87. The disclosure for this sale can be found here. Insiders have sold a total of 46,316 shares of company stock worth $7,796,128 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

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.