First Financial Corp IN Sells 709 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

First Financial Corp IN trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 32.5% during the first quarter, Holdings Channel reports. The firm owned 1,471 shares of the wireless technology company’s stock after selling 709 shares during the quarter. First Financial Corp IN’s holdings in QUALCOMM were worth $249,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Grandview Asset Management LLC increased its stake in shares of QUALCOMM by 2.3% in the first quarter. Grandview Asset Management LLC now owns 2,730 shares of the wireless technology company’s stock worth $462,000 after purchasing an additional 62 shares in the last quarter. Tealwood Asset Management Inc. increased its stake in shares of QUALCOMM by 0.6% in the first quarter. Tealwood Asset Management Inc. now owns 9,899 shares of the wireless technology company’s stock worth $1,676,000 after purchasing an additional 63 shares in the last quarter. VERITY Wealth Advisors increased its stake in shares of QUALCOMM by 0.8% in the first quarter. VERITY Wealth Advisors now owns 7,795 shares of the wireless technology company’s stock worth $1,320,000 after purchasing an additional 64 shares in the last quarter. Cassaday & Co Wealth Management LLC increased its stake in shares of QUALCOMM by 1.2% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,745 shares of the wireless technology company’s stock worth $831,000 after purchasing an additional 66 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc grew its stake in QUALCOMM by 6.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,110 shares of the wireless technology company’s stock valued at $161,000 after acquiring an additional 68 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

QCOM has been the subject of several recent analyst reports. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 8th. HSBC boosted their price objective on shares of QUALCOMM from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Susquehanna boosted their price objective on shares of QUALCOMM from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, April 10th. Tigress Financial boosted their price objective on shares of QUALCOMM from $238.00 to $270.00 and gave the company a “buy” rating in a research note on Friday. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of QUALCOMM in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.13.

View Our Latest Stock Analysis on QCOM

QUALCOMM Trading Up 0.7 %

Shares of QCOM traded up $1.33 during mid-day trading on Tuesday, reaching $202.17. The company’s stock had a trading volume of 12,046,958 shares, compared to its average volume of 9,293,333. The stock has a market cap of $225.62 billion, a PE ratio of 26.98, a P/E/G ratio of 2.59 and a beta of 1.29. The company has a current ratio of 2.65, a quick ratio of 1.98 and a debt-to-equity ratio of 0.59. QUALCOMM Incorporated has a 52 week low of $104.33 and a 52 week high of $230.63. The company’s fifty day moving average price is $192.98 and its two-hundred day moving average price is $167.91.

QUALCOMM (NASDAQ:QCOMGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The wireless technology company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.11. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. The company had revenue of $9.39 billion during the quarter, compared to analyst estimates of $9.32 billion. On average, analysts predict that QUALCOMM Incorporated will post 7.83 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, May 30th were issued a dividend of $0.85 per share. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Thursday, May 30th. QUALCOMM’s dividend payout ratio is currently 45.70%.

Insider Activity at QUALCOMM

In other QUALCOMM news, Director Sylvia Acevedo sold 2,056 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.21, for a total transaction of $366,399.76. Following the transaction, the director now directly owns 54 shares of the company’s stock, valued at approximately $9,623.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other QUALCOMM news, Director Sylvia Acevedo sold 2,056 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.21, for a total transaction of $366,399.76. Following the transaction, the director now directly owns 54 shares of the company’s stock, valued at approximately $9,623.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Neil Smit sold 3,069 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $200.94, for a total transaction of $616,684.86. Following the transaction, the director now directly owns 5,902 shares in the company, valued at $1,185,947.88. The disclosure for this sale can be found here. Insiders sold 45,185 shares of company stock worth $8,206,875 in the last three months. 0.08% of the stock is owned by insiders.

About QUALCOMM

(Free Report)

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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