Private Trust Co. NA Buys 235 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Private Trust Co. NA grew its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,676 shares of the wireless technology company’s stock after purchasing an additional 235 shares during the period. Private Trust Co. NA’s holdings in QUALCOMM were worth $2,496,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. 1832 Asset Management L.P. boosted its stake in shares of QUALCOMM by 13.2% in the 1st quarter. 1832 Asset Management L.P. now owns 14,862 shares of the wireless technology company’s stock worth $2,516,000 after buying an additional 1,729 shares during the last quarter. Paloma Partners Management Co bought a new stake in QUALCOMM during the first quarter worth $208,000. Silvercrest Asset Management Group LLC boosted its position in QUALCOMM by 28.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 44,512 shares of the wireless technology company’s stock worth $7,536,000 after purchasing an additional 9,913 shares during the last quarter. Waverly Advisors LLC grew its stake in QUALCOMM by 209.4% in the 1st quarter. Waverly Advisors LLC now owns 25,116 shares of the wireless technology company’s stock valued at $4,252,000 after purchasing an additional 16,998 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of QUALCOMM by 2.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,479,809 shares of the wireless technology company’s stock valued at $250,488,000 after purchasing an additional 33,974 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Price Performance

NASDAQ QCOM opened at $158.99 on Monday. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $176.64 billion, a P/E ratio of 17.44, a PEG ratio of 2.64 and a beta of 1.28. The company has a 50-day moving average price of $167.82 and a 200-day moving average price of $181.59. QUALCOMM Incorporated has a 52 week low of $125.67 and a 52 week high of $230.63.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 annualized dividend and a yield of 2.14%. QUALCOMM’s payout ratio is presently 37.82%.

Analyst Ratings Changes

Several analysts have commented on the stock. DZ Bank raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their target price on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, Morgan Stanley cut their price target on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $210.15.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total value of $497,850.00. Following the sale, the chief financial officer now directly owns 51,437 shares in the company, valued at $8,535,970.15. The trade was a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,450 shares of company stock worth $2,911,306. Company 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.