OLD Second National Bank of Aurora Sells 638 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

OLD Second National Bank of Aurora trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,603 shares of the wireless technology company’s stock after selling 638 shares during the quarter. OLD Second National Bank of Aurora’s holdings in QUALCOMM were worth $2,642,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in QCOM. Allen Mooney & Barnes Investment Advisors LLC bought a new stake in shares of QUALCOMM in the 3rd quarter valued at $297,000. EP Wealth Advisors LLC lifted its position in shares of QUALCOMM by 2,448.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 73,525 shares of the wireless technology company’s stock valued at $8,166,000 after acquiring an additional 70,640 shares during the period. Modera Wealth Management LLC lifted its position in shares of QUALCOMM by 1.1% during the 3rd quarter. Modera Wealth Management LLC now owns 17,788 shares of the wireless technology company’s stock valued at $1,976,000 after acquiring an additional 185 shares during the period. American Century Companies Inc. lifted its position in shares of QUALCOMM by 21.4% during the 3rd quarter. American Century Companies Inc. now owns 548,558 shares of the wireless technology company’s stock valued at $60,923,000 after acquiring an additional 96,808 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of QUALCOMM by 3.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 63,045 shares of the wireless technology company’s stock valued at $7,002,000 after acquiring an additional 1,840 shares during the period. 74.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on QCOM shares. Tigress Financial boosted their target price on shares of QUALCOMM from $238.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Citigroup boosted their target price on shares of QUALCOMM from $160.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Canaccord Genuity Group upped their price objective on shares of QUALCOMM from $180.00 to $206.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Wolfe Research upped their price objective on shares of QUALCOMM from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $190.00 price objective on shares of QUALCOMM in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.96.

Insider Activity at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $205.61, for a total transaction of $616,830.00. Following the completion of the transaction, the chief financial officer now owns 60,343 shares in the company, valued at $12,407,124.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $205.61, for a total transaction of $616,830.00. Following the completion of the transaction, the chief financial officer now owns 60,343 shares in the company, valued at $12,407,124.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Neil Martin sold 1,116 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $196.11, for a total transaction of $218,858.76. Following the transaction, the chief accounting officer now owns 358 shares of the company’s stock, valued at approximately $70,207.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,185 shares of company stock worth $8,552,835. 0.08% of the stock is owned by company insiders.

QUALCOMM Stock Performance

QCOM traded up $4.61 during trading on Friday, hitting $204.46. 3,242,334 shares of the company traded hands, compared to its average volume of 9,135,457. The firm has a market cap of $228.18 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 2.54 and a beta of 1.27. The stock’s fifty day moving average is $202.70 and its 200 day moving average is $173.15. The company has a quick ratio of 1.98, a current ratio of 2.65 and a debt-to-equity ratio of 0.59. QUALCOMM Incorporated has a one year low of $104.33 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.11. The company had revenue of $9.39 billion during the quarter, compared to analyst estimates of $9.32 billion. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. As a group, equities analysts predict that QUALCOMM Incorporated will post 7.85 EPS for the current fiscal year.

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.