QUALCOMM Incorporated (NASDAQ:QCOM) Stock Holdings Boosted by First National Advisers LLC

First National Advisers LLC lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,207 shares of the wireless technology company’s stock after acquiring an additional 1,151 shares during the quarter. QUALCOMM accounts for 0.9% of First National Advisers LLC’s portfolio, making the stock its 21st largest holding. First National Advisers LLC’s holdings in QUALCOMM were worth $5,716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of QCOM. GWN Securities Inc. purchased a new stake in shares of QUALCOMM during the fourth quarter worth $880,000. Glenview Trust co grew its position in shares of QUALCOMM by 8.7% in the fourth quarter. Glenview Trust co now owns 30,868 shares of the wireless technology company’s stock valued at $4,742,000 after purchasing an additional 2,479 shares during the last quarter. Gallacher Capital Management LLC grew its position in shares of QUALCOMM by 7.2% in the fourth quarter. Gallacher Capital Management LLC now owns 6,833 shares of the wireless technology company’s stock valued at $1,050,000 after purchasing an additional 460 shares during the last quarter. Harbour Investments Inc. grew its position in QUALCOMM by 10.6% during the fourth quarter. Harbour Investments Inc. now owns 9,325 shares of the wireless technology company’s stock worth $1,432,000 after buying an additional 894 shares in the last quarter. Finally, Greenwich Wealth Management LLC acquired a new stake in QUALCOMM during the fourth quarter worth about $210,000. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total value of $246,784.00. Following the completion of the sale, the insider now directly owns 24,393 shares in the company, valued at approximately $3,762,376.32. This trade represents a 6.16 % 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, insider Alexander H. Rogers sold 19,287 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares of the company’s stock, valued at $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,555 shares of company stock valued at $5,094,134 over the last quarter. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on QCOM shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a report on Thursday, February 6th. Melius assumed coverage on shares of QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective for the company. Mizuho dropped their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Benchmark reaffirmed a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a report on Friday, February 7th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of QUALCOMM in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.32.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $156.58 on Friday. The company has a market cap of $173.18 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The firm has a 50 day simple moving average of $164.68 and a 200 day simple moving average of $164.46. QUALCOMM Incorporated has a one year low of $149.43 and a one year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. Research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company 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 dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio is presently 36.32%.

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.