Moody National Bank Trust Division Boosts Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Moody National Bank Trust Division lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,004 shares of the wireless technology company’s stock after acquiring an additional 95 shares during the quarter. Moody National Bank Trust Division’s holdings in QUALCOMM were worth $2,202,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Peoples Bank OH purchased a new stake in QUALCOMM in the 4th quarter worth approximately $219,000. Bank Hapoalim BM boosted its holdings in QUALCOMM by 35.0% during the fourth quarter. Bank Hapoalim BM now owns 35,423 shares of the wireless technology company’s stock worth $5,123,000 after buying an additional 9,192 shares in the last quarter. NewEdge Wealth LLC grew its position in QUALCOMM by 120.2% during the fourth quarter. NewEdge Wealth LLC now owns 20,677 shares of the wireless technology company’s stock valued at $2,991,000 after buying an additional 11,285 shares during the period. 1834 Investment Advisors Co. raised its position in shares of QUALCOMM by 6.6% in the fourth quarter. 1834 Investment Advisors Co. now owns 45,570 shares of the wireless technology company’s stock worth $6,591,000 after acquiring an additional 2,818 shares during the period. Finally, Alexander Randolph Advisory Inc. purchased a new stake in shares of QUALCOMM during the 4th quarter worth about $305,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 2.2 %

QUALCOMM stock traded up $4.87 during midday trading on Wednesday, hitting $227.09. 22,037,468 shares of the stock were exchanged, compared to its average volume of 10,006,387. The company has a current ratio of 2.65, a quick ratio of 1.98 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $253.43 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.71 and a beta of 1.30. The stock’s 50-day simple moving average is $189.61 and its 200 day simple moving average is $165.57. QUALCOMM Incorporated has a fifty-two week low of $104.33 and a fifty-two week high of $230.63.

QUALCOMM (NASDAQ:QCOMGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The wireless technology company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.11. The firm had revenue of $9.39 billion for the quarter, compared to analysts’ expectations of $9.32 billion. QUALCOMM had a return on equity of 37.09% and a net margin of 23.03%. On average, equities analysts anticipate that QUALCOMM Incorporated will post 7.83 EPS for the current year.

QUALCOMM Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.50%. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, May 30th. QUALCOMM’s dividend payout ratio (DPR) is presently 45.70%.

Analysts Set New Price Targets

QCOM has been the subject of a number of analyst reports. HSBC upped their price target on QUALCOMM from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Bank of America increased their target price on QUALCOMM from $180.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $190.00 price target on shares of QUALCOMM in a report on Thursday, May 2nd. Mizuho upped their price objective on shares of QUALCOMM from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of QUALCOMM from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $188.74.

View Our Latest Research Report on QUALCOMM

Insider Activity at QUALCOMM

In other QUALCOMM news, Director Sylvia Acevedo sold 744 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $181.52, for a total transaction of $135,050.88. Following the completion of the transaction, the director now owns 54 shares of the company’s stock, valued at $9,802.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other QUALCOMM news, Director Sylvia Acevedo sold 744 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $181.52, for a total transaction of $135,050.88. Following the transaction, the director now directly owns 54 shares in the company, valued at $9,802.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction on Monday, April 1st. The shares were sold at an average price of $168.27, for a total value of $1,346,160.00. Following the completion of the sale, the chief technology officer now directly owns 261,893 shares of the company’s stock, valued at $44,068,735.11. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,185 shares of company stock worth $8,206,875. Company insiders own 0.08% of the company’s stock.

About QUALCOMM

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM Incorporated (NASDAQ:QCOMFree Report).

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter.