QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by First United Bank & Trust

First United Bank & Trust lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 52.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,785 shares of the wireless technology company’s stock after buying an additional 615 shares during the quarter. First United Bank & Trust’s holdings in QUALCOMM were worth $274,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of QUALCOMM by 20.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,879 shares of the wireless technology company’s stock worth $1,370,000 after acquiring an additional 1,187 shares during the period. DRW Securities LLC raised its stake in QUALCOMM by 108.3% during the second quarter. DRW Securities LLC now owns 7,942 shares of the wireless technology company’s stock worth $1,581,000 after purchasing an additional 103,784 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of QUALCOMM by 75.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 43,177 shares of the wireless technology company’s stock valued at $8,600,000 after purchasing an additional 18,577 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of QUALCOMM during the 2nd quarter valued at $2,983,000. Finally, Xponance Inc. increased its holdings in shares of QUALCOMM by 2.5% during the 2nd quarter. Xponance Inc. now owns 283,479 shares of the wireless technology company’s stock worth $56,463,000 after buying an additional 6,889 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In related news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the transaction, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. This represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,882 shares of company stock valued at $4,314,649 in the last quarter. Insiders own 0.08% of the company’s stock.

QUALCOMM Trading Up 1.9 %

Shares of NASDAQ:QCOM opened at $164.56 on Tuesday. The company has a 50 day moving average of $158.85 and a 200-day moving average of $168.57. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. The firm has a market cap of $182.83 billion, a P/E ratio of 18.30, a P/E/G ratio of 2.75 and a beta of 1.25. QUALCOMM Incorporated has a twelve month low of $139.26 and a twelve month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The firm had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. As a group, analysts anticipate that QUALCOMM Incorporated will post 9.12 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.07%. QUALCOMM’s payout ratio is 37.82%.

Analysts Set New Price Targets

QCOM has been the topic of a number of research reports. Barclays cut their price objective on QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday. Citigroup reduced their target price on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. UBS Group increased their target price on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Evercore ISI boosted their price target on QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Melius Research initiated coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. 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 assigned a strong buy rating to the company. According to data from MarketBeat, QUALCOMM presently has an average rating of “Moderate Buy” and an average price target of $206.57.

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.