QUALCOMM Incorporated (NASDAQ:QCOM) Stock Position Boosted by US Bancorp DE

US Bancorp DE boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,314,302 shares of the wireless technology company’s stock after buying an additional 11,541 shares during the period. US Bancorp DE owned 0.12% of QUALCOMM worth $201,903,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Noesis Capital Mangement Corp grew its position in QUALCOMM by 3.5% in the 4th quarter. Noesis Capital Mangement Corp now owns 116,947 shares of the wireless technology company’s stock valued at $17,965,000 after buying an additional 3,904 shares in the last quarter. Cobblestone Capital Advisors LLC NY grew its position in QUALCOMM by 3.1% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 10,182 shares of the wireless technology company’s stock valued at $1,564,000 after buying an additional 302 shares in the last quarter. Maple Capital Management Inc. boosted its position in shares of QUALCOMM by 2.2% during the 4th quarter. Maple Capital Management Inc. now owns 3,560 shares of the wireless technology company’s stock valued at $547,000 after purchasing an additional 75 shares in the last quarter. SVB Wealth LLC bought a new position in shares of QUALCOMM during the 4th quarter valued at about $1,974,000. Finally, Flputnam Investment Management Co. boosted its position in shares of QUALCOMM by 28.8% during the 4th quarter. Flputnam Investment Management Co. now owns 58,266 shares of the wireless technology company’s stock valued at $8,951,000 after purchasing an additional 13,014 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 744 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the transaction, the chief accounting officer now owns 461 shares of the company’s stock, valued at approximately $80,596.63. This trade represents a 61.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the 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 transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,708 shares of company stock valued at $7,713,734. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Price Performance

NASDAQ QCOM opened at $157.18 on Friday. The company has a 50 day simple moving average of $164.94 and a 200-day simple moving average of $165.64. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The firm has a market capitalization of $173.84 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. QUALCOMM Incorporated has a 52-week low of $149.43 and a 52-week high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. Equities research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is presently 36.32%.

Analyst Ratings Changes

Several research firms have recently weighed in on QCOM. Evercore ISI reduced their price objective on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. Mizuho reduced their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley reduced their price objective on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, Wells Fargo & Company raised their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.32.

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.