First National Trust Co Sells 448 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

First National Trust Co cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,388 shares of the wireless technology company’s stock after selling 448 shares during the quarter. First National Trust Co’s holdings in QUALCOMM were worth $1,647,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC grew its position in QUALCOMM by 12,998.7% in the fourth quarter. International Assets Investment Management LLC now owns 3,006,156 shares of the wireless technology company’s stock worth $434,780,000 after acquiring an additional 2,983,206 shares in the last quarter. Pacer Advisors Inc. grew its position in QUALCOMM by 1,543.8% in the fourth quarter. Pacer Advisors Inc. now owns 2,831,577 shares of the wireless technology company’s stock worth $409,531,000 after acquiring an additional 2,659,323 shares in the last quarter. Barclays PLC grew its position in QUALCOMM by 53.6% in the third quarter. Barclays PLC now owns 5,283,274 shares of the wireless technology company’s stock worth $586,760,000 after acquiring an additional 1,842,868 shares in the last quarter. Invesco Ltd. grew its position in QUALCOMM by 15.7% in the third quarter. Invesco Ltd. now owns 9,249,675 shares of the wireless technology company’s stock worth $1,027,269,000 after acquiring an additional 1,253,173 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in QUALCOMM by 48.8% in the fourth quarter. California Public Employees Retirement System now owns 3,324,303 shares of the wireless technology company’s stock worth $480,794,000 after acquiring an additional 1,090,504 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

Insider Transactions at QUALCOMM

In other news, CAO Neil Martin sold 371 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total transaction of $55,586.93. Following the transaction, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at $103,232.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Neil Martin sold 371 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $149.83, for a total value of $55,586.93. Following the transaction, the chief accounting officer now directly owns 689 shares of the company’s stock, valued at approximately $103,232.87. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $159.39, for a total value of $1,275,120.00. Following the completion of the transaction, the chief technology officer now owns 269,893 shares of the company’s stock, valued at approximately $43,018,245.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,260 shares of company stock valued at $7,429,728. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 0.3 %

NASDAQ:QCOM traded down $0.46 during trading hours on Friday, reaching $179.64. The company’s stock had a trading volume of 10,043,912 shares, compared to its average volume of 8,171,053. The company has a market capitalization of $200.48 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 2.46 and a beta of 1.33. QUALCOMM Incorporated has a 12 month low of $101.47 and a 12 month high of $183.19. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.88 and a current ratio of 2.65. The stock has a 50 day moving average price of $167.69 and a two-hundred day moving average price of $146.59.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.43. The business had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.50 billion. QUALCOMM had a return on equity of 37.09% and a net margin of 23.03%. Equities analysts predict that QUALCOMM Incorporated will post 7.64 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, May 30th. This is an increase from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.89%. QUALCOMM’s dividend payout ratio is presently 43.01%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on QCOM shares. JPMorgan Chase & Co. boosted their target price on QUALCOMM from $170.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup boosted their target price on QUALCOMM from $160.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday. UBS Group boosted their target price on QUALCOMM from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays boosted their target price on QUALCOMM from $155.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Wolfe Research boosted their target price on QUALCOMM from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.36.

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.