QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Bank of New Hampshire

Bank of New Hampshire trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,045 shares of the wireless technology company’s stock after selling 286 shares during the period. Bank of New Hampshire’s holdings in QUALCOMM were worth $621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Iowa State Bank grew its position in QUALCOMM by 1.0% during the 4th quarter. Iowa State Bank now owns 18,150 shares of the wireless technology company’s stock worth $2,788,000 after purchasing an additional 176 shares during the period. CWA Asset Management Group LLC grew its position in QUALCOMM by 1.6% during the 4th quarter. CWA Asset Management Group LLC now owns 80,353 shares of the wireless technology company’s stock worth $12,344,000 after purchasing an additional 1,265 shares during the period. Pensionfund Sabic grew its position in QUALCOMM by 41.7% during the 4th quarter. Pensionfund Sabic now owns 17,000 shares of the wireless technology company’s stock worth $2,612,000 after purchasing an additional 5,000 shares during the period. Nordea Investment Management AB grew its position in QUALCOMM by 39.7% during the 4th quarter. Nordea Investment Management AB now owns 1,841,103 shares of the wireless technology company’s stock worth $284,708,000 after purchasing an additional 523,244 shares during the period. Finally, Central Pacific Bank Trust Division grew its position in QUALCOMM by 4.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 14,312 shares of the wireless technology company’s stock worth $2,199,000 after purchasing an additional 591 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the completion of the sale, the chief financial officer now owns 48,778 shares in the company, valued at approximately $7,879,598.12. This trade represents a 5.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares of the company’s stock, valued at $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,882 shares of company stock worth $4,314,649 in the last 90 days. Insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

QCOM traded up $3.44 during trading on Tuesday, reaching $163.29. The company’s stock had a trading volume of 610,262 shares, compared to its average volume of 5,258,438. The firm has a fifty day simple moving average of $160.39 and a two-hundred day simple moving average of $171.17. The company has a market cap of $181.42 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 2.65 and a beta of 1.25. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 1 year low of $136.03 and a 1 year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. As a group, analysts anticipate that QUALCOMM Incorporated will post 9.09 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on QCOM. Benchmark reaffirmed a “buy” rating and set a $240.00 price target on shares of QUALCOMM in a research report on Thursday, November 7th. Evercore ISI raised their target price on QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Susquehanna dropped their target price on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, November 20th. Loop Capital assumed coverage on QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 target price on the stock. Finally, Citigroup dropped their target price on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and an average target price of $208.00.

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.