QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by First National Bank of Omaha

First National Bank of Omaha decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,911 shares of the wireless technology company's stock after selling 4,302 shares during the period. First National Bank of Omaha's holdings in QUALCOMM were worth $9,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp lifted its holdings in shares of QUALCOMM by 1.7% during the third quarter. State Street Corp now owns 51,615,929 shares of the wireless technology company's stock worth $8,777,289,000 after purchasing an additional 870,814 shares during the period. Legal & General Group Plc increased its position in QUALCOMM by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 10,036,779 shares of the wireless technology company's stock worth $1,999,114,000 after purchasing an additional 86,195 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of QUALCOMM by 6.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,356,581 shares of the wireless technology company's stock valued at $1,421,037,000 after buying an additional 498,284 shares during the period. Van ECK Associates Corp boosted its stake in shares of QUALCOMM by 30.2% in the third quarter. Van ECK Associates Corp now owns 7,506,863 shares of the wireless technology company's stock valued at $1,250,644,000 after buying an additional 1,741,432 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in QUALCOMM by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,642,986 shares of the wireless technology company's stock worth $1,129,640,000 after acquiring an additional 52,897 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on QCOM shares. JPMorgan Chase & Co. lowered their price target on shares of QUALCOMM from $210.00 to $195.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Benchmark reissued a "buy" rating and issued a $240.00 price objective on shares of QUALCOMM in a research note on Thursday, November 7th. Cantor Fitzgerald reissued a "neutral" rating and set a $160.00 price target on shares of QUALCOMM in a research report on Wednesday, November 20th. Wells Fargo & Company upped their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a report on Thursday, November 7th. Finally, Sanford C. Bernstein raised their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $210.15.

QUALCOMM Stock Down 0.5 %

NASDAQ QCOM traded down $0.88 on Friday, reaching $159.51. The company had a trading volume of 9,915,824 shares, compared to its average volume of 8,740,207. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. QUALCOMM Incorporated has a 1 year low of $130.39 and a 1 year high of $230.63. The firm has a 50-day moving average of $165.93 and a 200-day moving average of $179.32. The firm has a market capitalization of $177.22 billion, a PE ratio of 17.74, a P/E/G ratio of 2.73 and a beta of 1.25.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, December 5th. QUALCOMM's payout ratio is 37.82%.

Insider Buying and Selling

In related news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total value of $1,358,400.00. Following the completion of the sale, the chief technology officer now owns 213,364 shares in the company, valued at approximately $36,229,207.20. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,450 shares of company stock valued at $3,395,926 in the last quarter. Company insiders own 0.08% of the company's stock.

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.