QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,104,434 shares of the wireless technology company’s stock after selling 16,297 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.10% of QUALCOMM worth $169,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nicolet Advisory Services LLC boosted its stake in shares of QUALCOMM by 20.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 1,701 shares of the wireless technology company’s stock worth $287,000 after acquiring an additional 283 shares in the last quarter. Centaurus Financial Inc. raised its holdings in QUALCOMM by 17.8% during the third quarter. Centaurus Financial Inc. now owns 9,784 shares of the wireless technology company’s stock worth $1,664,000 after purchasing an additional 1,477 shares during the last quarter. Summit Trail Advisors LLC boosted its position in QUALCOMM by 14.8% during the third quarter. Summit Trail Advisors LLC now owns 14,787 shares of the wireless technology company’s stock worth $2,514,000 after purchasing an additional 1,909 shares in the last quarter. Bank of Hawaii boosted its position in shares of QUALCOMM by 1.3% in the 3rd quarter. Bank of Hawaii now owns 18,374 shares of the wireless technology company’s stock worth $3,125,000 after buying an additional 228 shares in the last quarter. Finally, Truvestments Capital LLC grew its stake in QUALCOMM by 4.2% in the 3rd quarter. Truvestments Capital LLC now owns 33,991 shares of the wireless technology company’s stock valued at $5,780,000 after acquiring an additional 1,380 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $160.08 on Tuesday. The business’s 50-day simple moving average is $164.57 and its 200-day simple moving average is $163.95. The firm has a market capitalization of $177.05 billion, a P/E ratio of 17.10, a P/E/G ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 1-year low of $149.43 and a 1-year high of $230.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99.

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

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

Insiders Place Their Bets

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the transaction, the insider now owns 24,393 shares in the company, valued at $3,762,376.32. The trade was a 6.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Neil Martin sold 744 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the sale, the chief accounting officer now owns 461 shares of the company’s stock, valued at $80,596.63. This represents a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,968 shares of company stock worth $4,685,077 over the last quarter. 0.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on QCOM shares. Barclays cut their target price on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Mizuho cut their price objective on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of QUALCOMM in a report on Thursday, February 6th. Melius Research started coverage on QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price target for the company. Finally, StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock 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.