Bangor Savings Bank Buys 405 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Bangor Savings Bank raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,170 shares of the wireless technology company’s stock after buying an additional 405 shares during the period. Bangor Savings Bank’s holdings in QUALCOMM were worth $1,092,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Certified Advisory Corp increased its holdings in shares of QUALCOMM by 0.7% in the 1st 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 during the last quarter. Sycomore Asset Management boosted its stake in shares of QUALCOMM by 37.0% in the 1st quarter. Sycomore Asset Management now owns 315 shares of the wireless technology company’s stock valued at $39,000 after purchasing an additional 85 shares in the last quarter. Clarius Group LLC boosted its stake in shares of QUALCOMM by 0.7% in the 1st quarter. Clarius Group LLC now owns 13,202 shares of the wireless technology company’s stock valued at $1,684,000 after purchasing an additional 87 shares in the last quarter. Essex Savings Bank boosted its stake in shares of QUALCOMM by 1.9% in the 1st quarter. Essex Savings Bank now owns 4,750 shares of the wireless technology company’s stock valued at $606,000 after purchasing an additional 87 shares in the last quarter. Finally, Csenge Advisory Group boosted its stake in shares of QUALCOMM by 1.1% in the 1st quarter. Csenge Advisory Group now owns 8,230 shares of the wireless technology company’s stock valued at $1,050,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 71.10% of the company’s stock.

QUALCOMM Stock Down 0.3 %

Shares of QUALCOMM stock traded down $0.32 during trading on Friday, hitting $113.72. The company’s stock had a trading volume of 2,692,934 shares, compared to its average volume of 8,109,880. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 2.42. The company has a fifty day simple moving average of $117.20 and a two-hundred day simple moving average of $117.08. The company has a market capitalization of $126.91 billion, a PE ratio of 14.93, a P/E/G ratio of 1.10 and a beta of 1.23. QUALCOMM Incorporated has a 52 week low of $101.47 and a 52 week high of $139.94.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, August 2nd. The wireless technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. The business had revenue of $8.45 billion during the quarter, compared to analyst estimates of $8.51 billion. QUALCOMM had a net margin of 22.33% and a return on equity of 45.94%. Equities research analysts predict that QUALCOMM Incorporated will post 6.41 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.20 dividend on an annualized basis and a yield of 2.81%. QUALCOMM’s dividend payout ratio is currently 41.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on QCOM shares. Wells Fargo & Company upped their price objective on shares of QUALCOMM from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Tuesday. StockNews.com started coverage on shares of QUALCOMM in a research note on Thursday, August 17th. They issued a “buy” rating for the company. UBS Group upped their price objective on shares of QUALCOMM from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, July 24th. Deutsche Bank Aktiengesellschaft cut shares of QUALCOMM from a “buy” rating to a “hold” rating and dropped their price target for the company from $130.00 to $121.00 in a research report on Thursday, August 3rd. Finally, Mizuho reissued a “buy” rating and set a $140.00 price target on shares of QUALCOMM in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.96.

Insider Buying and Selling at QUALCOMM

In other news, CTO James H. Thompson sold 27,962 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $113.23, for a total transaction of $3,166,137.26. Following the sale, the chief technology officer now owns 241,369 shares of the company’s stock, valued at approximately $27,330,211.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider James J. Cathey sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $111.27, for a total transaction of $111,270.00. Following the sale, the insider now owns 5,745 shares of the company’s stock, valued at approximately $639,246.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO James H. Thompson sold 27,962 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $113.23, for a total transaction of $3,166,137.26. Following the sale, the chief technology officer now directly owns 241,369 shares in the company, valued at approximately $27,330,211.87. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,962 shares of company stock worth $3,391,567. 0.07% of the stock is owned by corporate insiders.

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, application processing, multimedia, and global positioning system products.