QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,010 shares of the wireless technology company’s stock after selling 500 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in QUALCOMM were worth $770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of QCOM. ASB Consultores LLC increased its position in QUALCOMM by 15.1% in the 3rd quarter. ASB Consultores LLC now owns 1,484 shares of the wireless technology company’s stock valued at $252,000 after acquiring an additional 195 shares during the period. United Advisor Group LLC acquired a new position in QUALCOMM in the 3rd quarter valued at $393,000. HMS Capital Management LLC increased its holdings in shares of QUALCOMM by 1.2% during the 3rd quarter. HMS Capital Management LLC now owns 10,127 shares of the wireless technology company’s stock worth $1,722,000 after buying an additional 121 shares during the last quarter. Hixon Zuercher LLC increased its holdings in shares of QUALCOMM by 4.1% during the 3rd quarter. Hixon Zuercher LLC now owns 7,053 shares of the wireless technology company’s stock worth $1,199,000 after buying an additional 277 shares during the last quarter. Finally, Beacon Financial Advisory LLC boosted its position in QUALCOMM by 2.3% during the 3rd quarter. Beacon Financial Advisory LLC now owns 4,048 shares of the wireless technology company’s stock worth $688,000 after purchasing an additional 91 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Price Performance

Shares of QUALCOMM stock opened at $158.49 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $175.29 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 2.01 and a beta of 1.25. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The firm’s 50-day moving average price is $164.73 and its two-hundred day moving average price is $165.29.

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

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.15%. QUALCOMM’s payout ratio is 36.32%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total value of $509,400.00. Following the sale, the chief financial officer now directly owns 63,115 shares in the company, valued at approximately $10,716,927. This trade represents a 4.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Neil Martin sold 744 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the sale, the chief accounting officer now owns 461 shares in the company, valued at approximately $80,596.63. This trade represents a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,045 shares of company stock worth $7,752,423 over the last ninety days. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Melius Research began coverage on shares of QUALCOMM in a research note on Monday, December 9th. They set a “hold” rating and a $180.00 price objective on the stock. Susquehanna dropped their price target 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. Morgan Stanley lowered their price objective on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Finally, Melius started coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 price target on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and a consensus price target of $205.32.

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.