QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,973 shares of the wireless technology company's stock after purchasing an additional 1,701 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in QUALCOMM were worth $3,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in QCOM. Moran Wealth Management LLC increased its holdings in shares of QUALCOMM by 8.3% in the 3rd quarter. Moran Wealth Management LLC now owns 9,636 shares of the wireless technology company's stock worth $1,639,000 after purchasing an additional 742 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of QUALCOMM by 0.3% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 37,826 shares of the wireless technology company's stock worth $6,432,000 after purchasing an additional 120 shares during the period. LPL Financial LLC grew its position in QUALCOMM by 10.6% during the third quarter. LPL Financial LLC now owns 1,286,536 shares of the wireless technology company's stock valued at $218,775,000 after buying an additional 123,215 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in QUALCOMM by 0.9% during the third quarter. Thompson Siegel & Walmsley LLC now owns 17,112 shares of the wireless technology company's stock valued at $2,910,000 after buying an additional 150 shares during the last quarter. Finally, Smithfield Trust Co raised its position in QUALCOMM by 5.8% in the third quarter. Smithfield Trust Co now owns 4,559 shares of the wireless technology company's stock worth $773,000 after acquiring an additional 250 shares during the period. Institutional investors own 74.35% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently commented on the company. Melius Research started coverage on QUALCOMM in a report on Monday, December 9th. They issued a "hold" rating and a $180.00 target price on the stock. Melius assumed coverage on QUALCOMM in a research report on Monday, December 9th. They set a "hold" rating and a $180.00 price objective on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 target price on shares of QUALCOMM in a report on Thursday, February 6th. Evercore ISI lowered their price target on shares of QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Finally, StockNews.com cut shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $205.32.

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 744 shares of QUALCOMM stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the sale, the chief accounting officer now owns 461 shares of the company's stock, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the sale, the insider now owns 24,393 shares in the company, valued at approximately $3,762,376.32. The trade was a 6.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,968 shares of company stock valued at $4,685,077. Insiders own 0.08% of the company's stock.

QUALCOMM Stock Down 1.1 %

NASDAQ:QCOM traded down $1.76 during midday trading on Wednesday, reaching $158.39. 5,959,028 shares of the stock traded hands, compared to its average volume of 8,210,342. The stock has a market capitalization of $175.18 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. QUALCOMM Incorporated has a 12-month low of $149.43 and a 12-month high of $230.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The business has a 50-day moving average of $164.59 and a two-hundred day moving average of $163.96.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. On average, equities analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Thursday, March 6th. QUALCOMM's dividend payout ratio (DPR) is presently 36.32%.

QUALCOMM Company 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.