NBC Securities Inc. Sells 526 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

NBC Securities Inc. decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,126 shares of the wireless technology company’s stock after selling 526 shares during the period. NBC Securities Inc.’s holdings in QUALCOMM were worth $2,062,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of QCOM. Congress Asset Management Co. MA purchased a new position in shares of QUALCOMM during the fourth quarter valued at approximately $222,000. ICA Group Wealth Management LLC purchased a new stake in QUALCOMM during the 4th quarter valued at $115,000. Leo Wealth LLC bought a new position in shares of QUALCOMM during the 4th quarter valued at $382,000. Orrstown Financial Services Inc. boosted its stake in shares of QUALCOMM by 6.6% in the 1st quarter. Orrstown Financial Services Inc. now owns 2,654 shares of the wireless technology company’s stock worth $449,000 after buying an additional 165 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in QUALCOMM by 0.7% in the first quarter. Moody National Bank Trust Division now owns 13,004 shares of the wireless technology company’s stock valued at $2,202,000 after acquiring an additional 95 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at QUALCOMM

In related news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the completion of the transaction, the chief technology officer now directly owns 213,364 shares of the company’s stock, valued at approximately $36,229,207.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total value of $497,850.00. Following the sale, the chief financial officer now owns 51,437 shares in the company, valued at $8,535,970.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the sale, the chief technology officer now directly owns 213,364 shares of the company’s stock, valued at $36,229,207.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,245 shares of company stock worth $3,679,407. Company insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on QCOM shares. Susquehanna raised their price objective on shares of QUALCOMM from $205.00 to $250.00 and gave the stock a “positive” rating in a report on Wednesday, July 17th. Rosenblatt Securities boosted their price objective on shares of QUALCOMM from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their target price on QUALCOMM from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Westpark Capital restated a “hold” rating on shares of QUALCOMM in a research report on Tuesday, July 30th. Finally, Cantor Fitzgerald lowered their price objective on QUALCOMM from $215.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $209.38.

QUALCOMM Price Performance

Shares of QUALCOMM stock traded down $2.12 during trading hours on Tuesday, reaching $175.92. The company’s stock had a trading volume of 4,378,894 shares, compared to its average volume of 9,045,250. The firm has a 50 day moving average price of $168.25 and a 200-day moving average price of $182.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78. The stock has a market cap of $196.33 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.71 and a beta of 1.28. QUALCOMM Incorporated has a one year low of $104.33 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.21. The company had revenue of $9.39 billion for the quarter, compared to analysts’ expectations of $9.23 billion. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. On average, analysts predict that QUALCOMM Incorporated will post 8.02 EPS for the current year.

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.