QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by United Community Bank

United Community Bank grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 14.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,102 shares of the wireless technology company’s stock after buying an additional 524 shares during the quarter. United Community Bank’s holdings in QUALCOMM were worth $630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of QCOM. Capital Performance Advisors LLP acquired a new position in shares of QUALCOMM in the 3rd quarter valued at about $83,000. Leavell Investment Management Inc. lifted its holdings in shares of QUALCOMM by 17.7% in the 3rd quarter. Leavell Investment Management Inc. now owns 23,229 shares of the wireless technology company’s stock valued at $3,950,000 after buying an additional 3,495 shares during the period. Equitable Trust Co. lifted its holdings in shares of QUALCOMM by 31.0% in the 3rd quarter. Equitable Trust Co. now owns 16,378 shares of the wireless technology company’s stock valued at $2,785,000 after buying an additional 3,874 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of QUALCOMM in the 3rd quarter valued at about $13,449,000. Finally, Crumly & Associates Inc. increased its stake in shares of QUALCOMM by 121.7% in the 3rd quarter. Crumly & Associates Inc. now owns 3,432 shares of the wireless technology company’s stock valued at $584,000 after purchasing an additional 1,884 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the subject of several recent analyst reports. Melius initiated coverage on QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 price target for the company. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. Melius Research initiated coverage on QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 price target for the company. Mizuho cut their price target on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.32.

Insider Activity at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,337 shares of QUALCOMM stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $156.82, for a total value of $523,308.34. Following the completion of the transaction, the chief financial officer now directly owns 59,778 shares in the company, valued at approximately $9,374,385.96. This trade represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction on Friday, February 21st. The shares were sold at an average price of $174.83, for a total value of $130,073.52. Following the completion of 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 disclosure for this sale can be found here. Over the last three months, insiders sold 47,045 shares of company stock worth $7,752,423. Company insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

QCOM stock opened at $161.22 on Friday. The business has a fifty day moving average of $164.76 and a two-hundred day moving average of $165.09. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The stock has a market cap of $178.31 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 52-week low of $149.43 and a 52-week high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 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%. As a group, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.11%. QUALCOMM’s dividend payout ratio (DPR) is presently 36.32%.

QUALCOMM Company 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.