AMG National Trust Bank Sells 3,188 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

AMG National Trust Bank cut its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 15.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,987 shares of the wireless technology company's stock after selling 3,188 shares during the quarter. AMG National Trust Bank's holdings in QUALCOMM were worth $3,059,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pine Haven Investment Counsel Inc increased its stake in QUALCOMM by 2.5% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,059 shares of the wireless technology company's stock valued at $410,000 after purchasing an additional 50 shares in the last quarter. Buffington Mohr McNeal increased its stake in shares of QUALCOMM by 3.9% in the 2nd quarter. Buffington Mohr McNeal now owns 1,401 shares of the wireless technology company's stock worth $279,000 after purchasing an additional 53 shares in the last quarter. TRUE Private Wealth Advisors raised its stake in QUALCOMM by 2.2% during the 2nd quarter. TRUE Private Wealth Advisors now owns 2,638 shares of the wireless technology company's stock worth $525,000 after acquiring an additional 57 shares during the period. Macroview Investment Management LLC lifted its stake in shares of QUALCOMM by 10.5% during the 2nd quarter. Macroview Investment Management LLC now owns 600 shares of the wireless technology company's stock valued at $119,000 after buying an additional 57 shares in the last quarter. Finally, McClarren Financial Advisors Inc. increased its stake in QUALCOMM by 43.2% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 199 shares of the wireless technology company's stock worth $40,000 after buying an additional 60 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at QUALCOMM

In other news, insider Alexander H. Rogers sold 3,245 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total transaction of $539,156.75. Following the transaction, the insider now owns 32,231 shares in the company, valued at approximately $5,355,180.65. This trade represents a 9.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the company's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the sale, the general counsel now directly owns 12,007 shares of the company's stock, valued at approximately $1,981,875.42. This trade represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,146 shares of company stock worth $2,709,186 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Trading Up 0.0 %

QUALCOMM stock traded up $0.02 during mid-day trading on Tuesday, hitting $164.52. The company's stock had a trading volume of 4,168,203 shares, compared to its average volume of 8,993,524. QUALCOMM Incorporated has a one year low of $125.67 and a one year high of $230.63. The stock has a market cap of $182.78 billion, a PE ratio of 18.30, a P/E/G ratio of 2.70 and a beta of 1.28. The company has a 50 day moving average of $168.42 and a 200-day moving average of $182.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM's dividend payout ratio is presently 37.82%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Rosenblatt Securities increased their target price on QUALCOMM from $240.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of QUALCOMM from $155.00 to $170.00 and gave the company a "hold" rating in a report on Thursday, August 1st. Sanford C. Bernstein boosted their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Evercore ISI lifted their price target on shares of QUALCOMM from $190.00 to $199.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Finally, Susquehanna dropped their price objective on shares of QUALCOMM from $250.00 to $230.00 and set a "positive" rating for the company in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $210.92.

About QUALCOMM

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.