First National Corp MA ADV Sells 188 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

First National Corp MA ADV decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.9% in the fourth quarter, Holdings Channel reports. The fund owned 2,549 shares of the wireless technology company’s stock after selling 188 shares during the quarter. First National Corp MA ADV’s holdings in QUALCOMM were worth $392,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Matrix Asset Advisors Inc. NY raised its stake in shares of QUALCOMM by 15.8% in the third quarter. Matrix Asset Advisors Inc. NY now owns 167,660 shares of the wireless technology company’s stock valued at $28,511,000 after acquiring an additional 22,921 shares during the period. Inspire Investing LLC lifted its stake in QUALCOMM by 283.5% in the third quarter. Inspire Investing LLC now owns 19,008 shares of the wireless technology company’s stock worth $3,232,000 after purchasing an additional 14,052 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of QUALCOMM by 16.6% during the third quarter. Annex Advisory Services LLC now owns 25,550 shares of the wireless technology company’s stock valued at $4,345,000 after buying an additional 3,631 shares during the last quarter. Carnegie Investment Counsel raised its holdings in shares of QUALCOMM by 5.7% in the third quarter. Carnegie Investment Counsel now owns 171,641 shares of the wireless technology company’s stock worth $29,188,000 after buying an additional 9,198 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of QUALCOMM by 51.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 287,102 shares of the wireless technology company’s stock worth $48,822,000 after acquiring an additional 97,830 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Price Performance

Shares of QCOM opened at $167.96 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.79. The company’s fifty day moving average price is $162.15 and its 200-day moving average price is $165.66. QUALCOMM Incorporated has a 1-year low of $146.29 and a 1-year high of $230.63. The firm has a market capitalization of $185.76 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share 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, equities research analysts predict that QUALCOMM Incorporated will post 9.19 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a $0.85 dividend. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.02%. QUALCOMM’s payout ratio is currently 36.32%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the company’s stock in a transaction that occurred 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 owns 94 shares in the company, valued at approximately $14,570. This represents a 93.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Ann C. Chaplin sold 2,587 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $158.12, for a total transaction of $409,056.44. Following the sale, the general counsel now directly owns 19,739 shares in the company, valued at $3,121,130.68. The trade was a 11.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,981 shares of company stock valued at $4,000,870. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

QCOM has been the topic of several research analyst reports. Piper Sandler cut their price objective on QUALCOMM from $205.00 to $190.00 and set an “overweight” rating on the stock in a research report on Thursday. Evercore ISI cut their price target on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a report on Thursday. Loop Capital initiated coverage on shares of QUALCOMM in a report on Monday, November 11th. They set a “hold” rating and a $180.00 price objective for the company. Melius Research assumed coverage on shares of QUALCOMM in a research note on Monday, December 9th. They issued a “hold” rating and a $180.00 target price on the stock. Finally, Sanford C. Bernstein raised their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.32.

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.