QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Security National Bank of SO Dak

Security National Bank of SO Dak increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,624 shares of the wireless technology company’s stock after acquiring an additional 385 shares during the period. QUALCOMM makes up approximately 2.4% of Security National Bank of SO Dak’s portfolio, making the stock its 9th biggest holding. Security National Bank of SO Dak’s holdings in QUALCOMM were worth $4,244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in QUALCOMM in the 4th quarter valued at approximately $26,000. Banque Transatlantique SA acquired a new stake in QUALCOMM in the fourth quarter valued at $26,000. CKW Financial Group purchased a new position in shares of QUALCOMM in the fourth quarter valued at $27,000. Centricity Wealth Management LLC purchased a new position in shares of QUALCOMM in the fourth quarter valued at $29,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of QUALCOMM during the 4th quarter worth $33,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insiders Place Their Bets

In related news, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $137.74, for a total transaction of $220,384.00. Following the completion of the sale, the insider now directly owns 22,793 shares of the company’s stock, valued at approximately $3,139,507.82. This represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $156.82, for a total value of $523,308.34. Following the completion of the sale, the chief financial officer now owns 59,778 shares of the company’s stock, valued at approximately $9,374,385.96. This represents a 5.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,312 shares of company stock worth $1,948,379 over the last three months. 0.08% of the stock is owned by insiders.

QUALCOMM Price Performance

QUALCOMM stock opened at $152.61 on Friday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $230.63. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.99 and a current ratio of 2.62. The firm has a 50 day moving average price of $145.95 and a 200 day moving average price of $157.08. The company has a market cap of $167.57 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 2.01 and a beta of 1.29.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.03. The company had revenue of $10.98 billion during the quarter, compared to analysts’ expectations of $10.58 billion. QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.44 EPS. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Thursday, June 5th. This is an increase from QUALCOMM’s previous quarterly dividend of $0.85. QUALCOMM’s payout ratio is 36.25%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 12th. Susquehanna lowered their price target on shares of QUALCOMM from $210.00 to $190.00 and set a “positive” rating on the stock in a research report on Thursday, May 1st. Robert W. Baird cut their price objective on QUALCOMM from $250.00 to $216.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. TD Cowen lowered their target price on QUALCOMM from $195.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Evercore ISI dropped their price target on QUALCOMM from $179.00 to $157.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $192.08.

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.