Trust Co. of Toledo NA OH Buys 392 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Trust Co. of Toledo NA OH grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,597 shares of the wireless technology company’s stock after acquiring an additional 392 shares during the quarter. QUALCOMM accounts for 1.0% of Trust Co. of Toledo NA OH’s holdings, making the stock its 26th biggest position. Trust Co. of Toledo NA OH’s holdings in QUALCOMM were worth $7,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GHP Investment Advisors Inc. increased its stake in QUALCOMM by 31.8% during the 2nd quarter. GHP Investment Advisors Inc. now owns 667 shares of the wireless technology company’s stock worth $133,000 after purchasing an additional 161 shares in the last quarter. Westover Capital Advisors LLC bought a new stake in shares of QUALCOMM in the second quarter worth $395,000. Parallel Advisors LLC grew its position in QUALCOMM by 2.1% in the second quarter. Parallel Advisors LLC now owns 14,769 shares of the wireless technology company’s stock valued at $2,942,000 after purchasing an additional 297 shares in the last quarter. Wealthspire Advisors LLC boosted its stake in shares of QUALCOMM by 21.9% during the 2nd quarter. Wealthspire Advisors LLC now owns 13,848 shares of the wireless technology company’s stock worth $2,758,000 after buying an additional 2,484 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of QUALCOMM by 0.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,481 shares of the wireless technology company’s stock valued at $2,486,000 after acquiring an additional 73 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Evercore ISI increased their price target on QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Mizuho reduced their target price on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Loop Capital began coverage on shares of QUALCOMM in a research note on Monday, November 11th. They set a “hold” rating and a $180.00 target price on the stock. KeyCorp downgraded QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Finally, Melius started coverage on QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 target price for the company. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

Insider Buying and Selling

In other news, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at approximately $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alexander H. Rogers sold 10,373 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total value of $1,665,800.07. Following the completion of the sale, the insider now directly owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. This trade represents a 23.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,882 shares of company stock worth $4,314,649. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM traded down $0.61 during midday trading on Monday, reaching $156.37. The company’s stock had a trading volume of 1,314,002 shares, compared to its average volume of 6,167,121. The stock has a market capitalization of $173.73 billion, a P/E ratio of 17.39, a PEG ratio of 2.65 and a beta of 1.25. 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 12-month low of $137.35 and a 12-month high of $230.63. The firm has a 50 day moving average price of $159.67 and a 200-day moving average price of $169.92.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The business had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $9.90 billion. As a group, equities analysts predict that QUALCOMM Incorporated will post 9.09 earnings per share for the current year.

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.