Nadler Financial Group Inc. Sells 139 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Nadler Financial Group Inc. reduced its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,127 shares of the wireless technology company’s stock after selling 139 shares during the period. Nadler Financial Group Inc.’s holdings in QUALCOMM were worth $452,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. lifted its holdings in shares of QUALCOMM by 102.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 241 shares of the wireless technology company’s stock worth $26,000 after buying an additional 122 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in QUALCOMM in the 4th quarter worth approximately $35,000. Cranbrook Wealth Management LLC boosted its holdings in QUALCOMM by 68.0% in the 4th quarter. Cranbrook Wealth Management LLC now owns 247 shares of the wireless technology company’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Legacy Financial Group LLC purchased a new position in shares of QUALCOMM during the 3rd quarter valued at $29,000. Finally, Buck Wealth Strategies LLC bought a new position in shares of QUALCOMM in the third quarter worth $40,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was 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 directly owns 69,343 shares of the company’s stock, valued at approximately $12,030,317.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $173.49, for a total transaction of $520,470.00. Following the transaction, the chief financial officer now owns 69,343 shares of the company’s stock, valued at $12,030,317.07. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Neil Martin sold 371 shares of QUALCOMM stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total value of $55,586.93. Following the sale, the chief accounting officer now owns 689 shares in the company, valued at approximately $103,232.87. The disclosure for this sale can be found here. Insiders sold 36,260 shares of company stock worth $5,973,728 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Trading Up 1.0 %

QCOM stock traded up $1.63 during mid-day trading on Friday, hitting $164.93. 2,624,015 shares of the company were exchanged, compared to its average volume of 8,466,516. QUALCOMM Incorporated has a 12-month low of $101.47 and a 12-month high of $177.59. The firm has a market capitalization of $184.06 billion, a P/E ratio of 23.98, a PEG ratio of 2.24 and a beta of 1.41. The business has a fifty day simple moving average of $165.58 and a 200-day simple moving average of $144.10. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.63.

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

QUALCOMM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $3.40 dividend on an annualized basis and a yield of 2.06%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. QUALCOMM’s payout ratio is currently 46.38%.

Analyst Upgrades and Downgrades

Several research firms recently commented on QCOM. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. Benchmark assumed coverage on shares of QUALCOMM in a research note on Tuesday. They issued a “buy” rating and a $200.00 target price on the stock. Mizuho boosted their price target on shares of QUALCOMM from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Barclays lifted their price objective on shares of QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Finally, Rosenblatt Securities upped their target price on QUALCOMM from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $158.86.

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.