Moody National Bank Trust Division Sells 296 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Moody National Bank Trust Division lessened its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 17,554 shares of the wireless technology company’s stock after selling 296 shares during the period. Moody National Bank Trust Division’s holdings in QUALCOMM were worth $2,697,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of QCOM. Wedmont Private Capital increased its holdings in shares of QUALCOMM by 8.0% during the fourth quarter. Wedmont Private Capital now owns 11,827 shares of the wireless technology company’s stock worth $1,857,000 after buying an additional 881 shares in the last quarter. Westmount Partners LLC grew its position in QUALCOMM by 16.9% during the 4th quarter. Westmount Partners LLC now owns 10,045 shares of the wireless technology company’s stock worth $1,543,000 after acquiring an additional 1,450 shares during the last quarter. CHICAGO TRUST Co NA increased its holdings in QUALCOMM by 12.6% in the 4th quarter. CHICAGO TRUST Co NA now owns 8,921 shares of the wireless technology company’s stock worth $1,370,000 after purchasing an additional 997 shares in the last quarter. Kieckhefer Group LLC bought a new position in QUALCOMM in the fourth quarter valued at about $54,000. Finally, Capital Investment Advisors LLC boosted its stake in shares of QUALCOMM by 2.0% during the fourth quarter. Capital Investment Advisors LLC now owns 264,541 shares of the wireless technology company’s stock valued at $40,639,000 after purchasing an additional 5,256 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction 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. This trade represents a 13.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander H. Rogers sold 10,373 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the completion of the sale, the insider now owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. The trade was a 23.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,882 shares of company stock worth $4,314,649 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on QCOM. Susquehanna dropped their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, November 20th. Cantor Fitzgerald reiterated a “neutral” rating and set a $160.00 price target on shares of QUALCOMM in a report on Wednesday, November 20th. Melius Research started coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Finally, Melius began coverage on QUALCOMM in a research report on Monday, December 9th. They issued a “hold” rating and a $180.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.11.

QUALCOMM Stock Down 0.2 %

QCOM stock traded down $0.29 during midday trading on Monday, reaching $156.69. 2,848,911 shares of the company’s stock traded hands, compared to its average volume of 6,404,113. QUALCOMM Incorporated has a 52 week low of $137.35 and a 52 week high of $230.63. The company has a market cap of $174.08 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 2.65 and a beta of 1.25. The firm’s fifty day moving average price is $159.67 and its 200-day moving average price is $169.92. 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 (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.09 earnings per share for the current fiscal year.

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.