Terril Brothers Inc. Decreases Stock Position in QUALCOMM Incorporated $QCOM

Terril Brothers Inc. reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,800 shares of the wireless technology company’s stock after selling 500 shares during the quarter. QUALCOMM comprises about 1.7% of Terril Brothers Inc.’s portfolio, making the stock its 14th largest holding. Terril Brothers Inc.’s holdings in QUALCOMM were worth $4,587,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC lifted its position in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 93 shares during the period. Chung Wu Investment Group LLC purchased a new position in QUALCOMM during the 2nd quarter worth approximately $32,000. Harbor Asset Planning Inc. acquired a new stake in shares of QUALCOMM in the second quarter worth $32,000. Finally, Atticus Wealth Management LLC increased its stake in shares of QUALCOMM by 21,200.0% in the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after acquiring an additional 212 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the sale, the chief financial officer owned 36,541 shares of the company’s stock, valued at $6,067,998.46. This represents a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 166,502 shares of company stock worth $27,472,615 over the last 90 days. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Piper Sandler lowered their target price on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research report on Tuesday, August 26th. UBS Group set a $165.00 price target on shares of QUALCOMM in a research report on Monday. Rosenblatt Securities restated a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Tuesday. Finally, Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.95.

QUALCOMM Trading Down 0.8%

QCOM opened at $177.26 on Friday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $205.95. The business’s 50 day moving average price is $165.40 and its 200 day moving average price is $156.26. The stock has a market capitalization of $191.26 billion, a PE ratio of 17.09, a P/E/G ratio of 2.59 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the business earned $2.33 earnings per share. As a group, equities research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is presently 34.33%.

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.