FineMark National Bank & Trust Grows Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

FineMark National Bank & Trust boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 17.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 93,383 shares of the wireless technology company’s stock after buying an additional 13,757 shares during the period. FineMark National Bank & Trust’s holdings in QUALCOMM were worth $14,345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Nicolet Advisory Services LLC grew its position in shares of QUALCOMM by 20.0% during the third quarter. Nicolet Advisory Services LLC now owns 1,701 shares of the wireless technology company’s stock valued at $287,000 after purchasing an additional 283 shares in the last quarter. Centaurus Financial Inc. grew its holdings in QUALCOMM by 17.8% during the 3rd quarter. Centaurus Financial Inc. now owns 9,784 shares of the wireless technology company’s stock valued at $1,664,000 after buying an additional 1,477 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in QUALCOMM by 14.8% during the 3rd quarter. Summit Trail Advisors LLC now owns 14,787 shares of the wireless technology company’s stock valued at $2,514,000 after buying an additional 1,909 shares in the last quarter. Bank of Hawaii increased its stake in QUALCOMM by 1.3% in the 3rd quarter. Bank of Hawaii now owns 18,374 shares of the wireless technology company’s stock worth $3,125,000 after acquiring an additional 228 shares during the last quarter. Finally, Truvestments Capital LLC raised its holdings in shares of QUALCOMM by 4.2% during the 3rd quarter. Truvestments Capital LLC now owns 33,991 shares of the wireless technology company’s stock worth $5,780,000 after acquiring an additional 1,380 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on QCOM shares. Evercore ISI reduced their price target on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of QUALCOMM in a report on Thursday, February 6th. Benchmark restated a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research report on Friday, February 7th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a research report on Thursday, February 6th. Finally, Melius Research began coverage on QUALCOMM in a research report on Monday, December 9th. They set a “hold” rating and a $180.00 price objective on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.32.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $160.08 on Tuesday. QUALCOMM Incorporated has a 12 month low of $149.43 and a 12 month high of $230.63. The stock’s fifty day moving average price is $164.57 and its 200-day moving average price is $163.95. The firm has a market cap of $177.05 billion, a P/E ratio of 17.10, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results 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, equities research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business 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. The ex-dividend date is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.12%. QUALCOMM’s dividend payout ratio is presently 36.32%.

Insider Transactions at QUALCOMM

In other news, insider Alexander H. Rogers sold 19,287 shares of QUALCOMM stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $169.83, for a total value of $3,275,511.21. Following the transaction, the insider now owns 20,762 shares of the company’s stock, valued at $3,526,010.46. The trade was a 48.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $154.24, for a total transaction of $246,784.00. Following the sale, the insider now directly owns 24,393 shares of the company’s stock, valued at $3,762,376.32. The trade was a 6.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,968 shares of company stock valued at $4,685,077. Corporate insiders own 0.08% of the company’s stock.

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.