Mitchell Mcleod Pugh & Williams Inc. Grows Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Mitchell Mcleod Pugh & Williams Inc. boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 13.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,129 shares of the wireless technology company’s stock after buying an additional 1,478 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in QUALCOMM were worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of QCOM. Pacer Advisors Inc. lifted its holdings in QUALCOMM by 11.6% in the second quarter. Pacer Advisors Inc. now owns 177,040 shares of the wireless technology company’s stock valued at $35,263,000 after acquiring an additional 18,379 shares during the period. Kowal Investment Group LLC increased its stake in shares of QUALCOMM by 31.4% during the 2nd quarter. Kowal Investment Group LLC now owns 5,002 shares of the wireless technology company’s stock worth $996,000 after purchasing an additional 1,195 shares in the last quarter. Profund Advisors LLC raised its holdings in shares of QUALCOMM by 6.3% in the second quarter. Profund Advisors LLC now owns 182,012 shares of the wireless technology company’s stock worth $36,253,000 after acquiring an additional 10,807 shares during the last quarter. ProShare Advisors LLC lifted its holdings in QUALCOMM by 86.7% in the 2nd quarter. ProShare Advisors LLC now owns 2,739,106 shares of the wireless technology company’s stock valued at $545,575,000 after purchasing an additional 1,272,191 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its holdings in shares of QUALCOMM by 4,438.9% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 21,923 shares of the wireless technology company’s stock worth $4,367,000 after acquiring an additional 21,440 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on QCOM. Citigroup dropped their price target on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 16th. StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their price target on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Susquehanna reduced their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $206.57.

QUALCOMM Trading Up 1.9 %

NASDAQ QCOM opened at $164.56 on Monday. The company’s fifty day moving average price is $158.85 and its two-hundred day moving average price is $168.82. The company has a market capitalization of $182.83 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 2.63 and a beta of 1.25. QUALCOMM Incorporated has a 12 month low of $139.26 and a 12 month high of $230.63. 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 (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion. As a group, research analysts predict that QUALCOMM Incorporated will post 9.09 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at $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 is available at this link. Also, insider Alexander H. Rogers sold 10,373 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the transaction, 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. Insiders sold a total of 26,882 shares of company stock valued at $4,314,649 in the last quarter. Insiders own 0.08% of the company’s stock.

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.