QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 10.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 34,527 shares of the wireless technology company’s stock after selling 3,993 shares during the period. Stock Yards Bank & Trust Co.’s holdings in QUALCOMM were worth $5,304,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Valley National Advisers Inc. grew its stake in QUALCOMM by 1.4% during the 4th quarter. Valley National Advisers Inc. now owns 15,375 shares of the wireless technology company’s stock worth $2,361,000 after buying an additional 219 shares during the last quarter. SkyOak Wealth LLC increased its position in QUALCOMM by 3.7% in the 4th quarter. SkyOak Wealth LLC now owns 6,918 shares of the wireless technology company’s stock worth $1,063,000 after purchasing an additional 250 shares during the last quarter. McAdam LLC increased its position in QUALCOMM by 14.2% in the 4th quarter. McAdam LLC now owns 2,170 shares of the wireless technology company’s stock worth $333,000 after purchasing an additional 270 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its position in QUALCOMM by 1.0% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 64,517 shares of the wireless technology company’s stock worth $9,911,000 after purchasing an additional 649 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in shares of QUALCOMM by 2.2% during the 4th quarter. Greenleaf Trust now owns 36,286 shares of the wireless technology company’s stock worth $5,574,000 after acquiring an additional 790 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $161.54, for a total transaction of $484,620.00. Following the completion of the transaction, the chief financial officer now directly owns 48,778 shares in the company, valued at approximately $7,879,598.12. This trade represents a 5.79 % decrease in their ownership of the stock. The transaction 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 stock in a transaction that occurred on 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 transaction, the insider now directly owns 33,383 shares of the company’s stock, valued at $5,360,975.97. This trade represents a 23.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,981 shares of company stock worth $4,000,870 over the last three months. Company insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $172.93 on Monday. QUALCOMM Incorporated has a fifty-two week low of $139.26 and a fifty-two week high of $230.63. The firm’s 50-day simple moving average is $160.76 and its 200 day simple moving average is $166.37. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The stock has a market cap of $192.13 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.87 and a beta of 1.25.

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, topping 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 firm had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $9.90 billion. Equities analysts expect that QUALCOMM Incorporated will post 9.16 EPS for the current year.

QUALCOMM Announces Dividend

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 $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.

Analysts Set New Price Targets

QCOM has been the subject of a number of research reports. UBS Group raised their price objective on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. 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. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 price target on shares of QUALCOMM in a report on Wednesday, November 20th. Melius Research initiated 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. Finally, KeyCorp lowered QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $206.57.

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.