QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by New Hampshire Trust

New Hampshire Trust reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,741 shares of the wireless technology company’s stock after selling 120 shares during the period. New Hampshire Trust’s holdings in QUALCOMM were worth $3,186,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in QUALCOMM by 20.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,879 shares of the wireless technology company’s stock valued at $1,370,000 after purchasing an additional 1,187 shares during the last quarter. DRW Securities LLC lifted its holdings in QUALCOMM by 108.3% in the second quarter. DRW Securities LLC now owns 7,942 shares of the wireless technology company’s stock valued at $1,581,000 after acquiring an additional 103,784 shares during the last quarter. Public Sector Pension Investment Board grew its position in QUALCOMM by 75.5% in the second quarter. Public Sector Pension Investment Board now owns 43,177 shares of the wireless technology company’s stock worth $8,600,000 after acquiring an additional 18,577 shares during the period. Magnetar Financial LLC purchased a new stake in QUALCOMM in the second quarter valued at $2,983,000. Finally, Xponance Inc. lifted its stake in shares of QUALCOMM by 2.5% in the 2nd quarter. Xponance Inc. now owns 283,479 shares of the wireless technology company’s stock valued at $56,463,000 after purchasing an additional 6,889 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $164.56 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 52 week low of $139.26 and a 52 week high of $230.63. The firm’s 50 day moving average is $158.85 and its two-hundred day moving average is $168.57. The firm has a market capitalization of $182.83 billion, a P/E ratio of 18.30, a P/E/G ratio of 2.75 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $9.90 billion. Research analysts forecast that QUALCOMM Incorporated will post 9.12 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. QUALCOMM’s payout ratio is currently 37.82%.

Insider Activity at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now directly owns 12,007 shares in the company, valued at approximately $1,981,875.42. The trade was a 13.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares of the company’s stock, valued at $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,882 shares of company stock valued at $4,314,649 in the last three months. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Loop Capital started coverage on QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 price objective for the company. Barclays decreased their price objective on shares of QUALCOMM from $200.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday. KeyCorp downgraded shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. decreased their price target on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, Citigroup cut their price objective on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

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.