Zions Bancorporation N.A. Sells 1,625 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Zions Bancorporation N.A. lowered its position in QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 25.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,753 shares of the wireless technology company’s stock after selling 1,625 shares during the quarter. Zions Bancorporation N.A.’s holdings in QUALCOMM were worth $947,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of QCOM. RS Crum Inc. increased its stake in shares of QUALCOMM by 2.0% during the second quarter. RS Crum Inc. now owns 5,100 shares of the wireless technology company’s stock valued at $1,016,000 after buying an additional 100 shares during the period. Federated Hermes Inc. raised its holdings in shares of QUALCOMM by 173.3% in the 2nd quarter. Federated Hermes Inc. now owns 842,357 shares of the wireless technology company’s stock valued at $167,781,000 after purchasing an additional 534,176 shares in the last quarter. Pinkerton Retirement Specialists LLC lifted its position in shares of QUALCOMM by 17.0% in the 2nd quarter. Pinkerton Retirement Specialists LLC now owns 27,813 shares of the wireless technology company’s stock worth $5,540,000 after purchasing an additional 4,036 shares during the period. GHP Investment Advisors Inc. boosted its stake in shares of QUALCOMM by 31.8% during the second quarter. GHP Investment Advisors Inc. now owns 667 shares of the wireless technology company’s stock valued at $133,000 after purchasing an additional 161 shares in the last quarter. Finally, Meeder Advisory Services Inc. increased its holdings in QUALCOMM by 28.3% during the second quarter. Meeder Advisory Services Inc. now owns 18,829 shares of the wireless technology company’s stock valued at $3,750,000 after buying an additional 4,153 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Stock Up 1.7 %

QCOM stock opened at $167.73 on Friday. The company’s 50 day moving average price is $176.11 and its 200 day moving average price is $181.70. The firm has a market capitalization of $186.85 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.82 and a beta of 1.28. QUALCOMM Incorporated has a fifty-two week low of $104.33 and a fifty-two week high of $230.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.78 and a current ratio of 2.39.

QUALCOMM (NASDAQ:QCOMGet Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.21. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. The firm had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.23 billion. On average, equities research analysts anticipate that QUALCOMM Incorporated will post 8 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 5th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 5th. QUALCOMM’s dividend payout ratio is presently 45.70%.

Wall Street Analyst Weigh In

Several analysts have issued reports on QCOM shares. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 3rd. Citigroup lifted their price objective on shares of QUALCOMM from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Wolfe Research cut shares of QUALCOMM from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Bank of America lifted their price target on shares of QUALCOMM from $180.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Finally, Wells Fargo & Company increased their price objective on QUALCOMM from $140.00 to $170.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average price target of $210.63.

Read Our Latest Analysis on QCOM

Insiders Place Their Bets

In related news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction on Monday, July 1st. The shares were sold at an average price of $199.47, for a total value of $1,595,760.00. Following the transaction, the chief technology officer now directly owns 237,893 shares in the company, valued at approximately $47,452,516.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $205.61, for a total value of $616,830.00. Following the completion of the sale, the chief financial officer now directly owns 60,343 shares of the company’s stock, valued at approximately $12,407,124.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $199.47, for a total value of $1,595,760.00. Following the completion of the transaction, the chief technology officer now owns 237,893 shares of the company’s stock, valued at approximately $47,452,516.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,000 shares of company stock valued at $3,496,590. 0.08% of the stock is owned by company insiders.

QUALCOMM Profile

(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 Stories

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.