Moody National Bank Trust Division Sells 280 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Moody National Bank Trust Division cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM – Get Rating) by 1.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 24,445 shares of the wireless technology company’s stock after selling 280 shares during the period. Moody National Bank Trust Division’s holdings in QUALCOMM were worth $2,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pin Oak Investment Advisors Inc. raised its stake in QUALCOMM by 26.7% in the second quarter. Pin Oak Investment Advisors Inc. now owns 337 shares of the wireless technology company’s stock worth $43,000 after buying an additional 71 shares in the last quarter. Birchcreek Wealth Management LLC raised its stake in QUALCOMM by 4.3% in the second quarter. Birchcreek Wealth Management LLC now owns 1,797 shares of the wireless technology company’s stock worth $230,000 after buying an additional 74 shares in the last quarter. Certified Advisory Corp raised its stake in QUALCOMM by 0.7% in the first quarter. Certified Advisory Corp now owns 11,582 shares of the wireless technology company’s stock worth $1,770,000 after buying an additional 79 shares in the last quarter. Probity Advisors Inc. increased its position in shares of QUALCOMM by 3.9% during the second quarter. Probity Advisors Inc. now owns 2,085 shares of the wireless technology company’s stock worth $266,000 after purchasing an additional 79 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC increased its position in shares of QUALCOMM by 6.5% during the third quarter. Carolinas Wealth Consulting LLC now owns 1,360 shares of the wireless technology company’s stock worth $154,000 after purchasing an additional 83 shares in the last quarter. 70.87% of the stock is owned by institutional investors.

Insider Transactions at QUALCOMM

In related news, Director Jeffrey William Henderson sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $124.05, for a total transaction of $310,125.00. Following the completion of the transaction, the director now owns 4,605 shares in the company, valued at approximately $571,250.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Alexander H. Rogers sold 27,626 shares of the company’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $131.48, for a total transaction of $3,632,266.48. Following the completion of the transaction, the insider now owns 23,637 shares in the company, valued at approximately $3,107,792.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey William Henderson sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $124.05, for a total transaction of $310,125.00. Following the transaction, the director now owns 4,605 shares of the company’s stock, valued at approximately $571,250.25. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM stock traded up $0.22 during mid-day trading on Friday, hitting $120.73. 12,304,145 shares of the stock were exchanged, compared to its average volume of 7,995,837. The firm has a fifty day moving average of $125.43 and a 200 day moving average of $121.15. The company has a quick ratio of 1.41, a current ratio of 2.09 and a debt-to-equity ratio of 0.82. QUALCOMM Incorporated has a 52-week low of $101.93 and a 52-week high of $161.30. The company has a market cap of $134.61 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.91 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM – Get Rating) last posted its earnings results on Thursday, February 2nd. The wireless technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.02. QUALCOMM had a net margin of 27.40% and a return on equity of 69.93%. The business had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the company posted $2.96 EPS. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. Research analysts anticipate that QUALCOMM Incorporated will post 8.21 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 2nd will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Wednesday, March 1st. QUALCOMM’s payout ratio is currently 28.90%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on QCOM. Bank of America reaffirmed a “buy” rating and set a $150.00 price target on shares of QUALCOMM in a research report on Friday, February 3rd. Credit Suisse Group upped their price target on QUALCOMM from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Susquehanna raised QUALCOMM from a “neutral” rating to a “positive” rating and upped their price target for the stock from $130.00 to $140.00 in a research report on Thursday. Morgan Stanley upped their price target on QUALCOMM from $126.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Finally, Barclays raised QUALCOMM from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $120.00 to $150.00 in a research report on Monday, January 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.48.

QUALCOMM Company Profile

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QUALCOMM, Inc engages in the development, design, and provision of digital telecommunications products and services. It operates through the following 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 technologies for the use in voice and data communications, networking, application processing, multimedia, and global positioning system products.