Parkside Financial Bank & Trust Decreases Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Parkside Financial Bank & Trust cut its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,696 shares of the wireless technology company’s stock after selling 166 shares during the quarter. Parkside Financial Bank & Trust’s holdings in QUALCOMM were worth $875,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of QCOM. Strategic Blueprint LLC raised its holdings in QUALCOMM by 14.8% in the third quarter. Strategic Blueprint LLC now owns 5,032 shares of the wireless technology company’s stock worth $856,000 after buying an additional 647 shares during the last quarter. Financial Advocates Investment Management raised its holdings in shares of QUALCOMM by 3.0% during the third quarter. Financial Advocates Investment Management now owns 9,996 shares of the wireless technology company’s stock valued at $1,700,000 after purchasing an additional 289 shares during the last quarter. HM Payson & Co. raised its holdings in shares of QUALCOMM by 3.5% during the third quarter. HM Payson & Co. now owns 6,875 shares of the wireless technology company’s stock valued at $1,169,000 after purchasing an additional 230 shares during the last quarter. Nikulski Financial Inc. raised its holdings in shares of QUALCOMM by 5.0% during the third quarter. Nikulski Financial Inc. now owns 1,819 shares of the wireless technology company’s stock valued at $309,000 after purchasing an additional 86 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in shares of QUALCOMM by 14.2% during the third quarter. AustralianSuper Pty Ltd now owns 15,409 shares of the wireless technology company’s stock valued at $2,620,000 after purchasing an additional 1,914 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $169.80, for a total value of $509,400.00. Following the transaction, the chief financial officer now directly owns 63,115 shares of the company’s stock, valued at $10,716,927. This trade represents a 4.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Neil Martin sold 744 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 461 shares in the company, valued at $80,596.63. This trade represents a 61.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,708 shares of company stock worth $7,713,734 in the last ninety days. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 4.7 %

QUALCOMM stock opened at $154.44 on Friday. The business has a fifty day moving average of $164.85 and a two-hundred day moving average of $165.68. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. The firm has a market cap of $170.81 billion, a P/E ratio of 16.50, a P/E/G ratio of 2.01 and a beta of 1.25. QUALCOMM Incorporated has a twelve month low of $149.43 and a twelve month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, February 5th. The wireless technology company reported $2.86 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%. On average, analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s dividend payout ratio is currently 36.32%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on QCOM shares. Mizuho decreased their price objective on shares of QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. UBS Group boosted their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 target price on shares of QUALCOMM in a report on Thursday, February 6th. Finally, StockNews.com raised shares of QUALCOMM from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and two have issued 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 $205.32.

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.