QUALCOMM Incorporated (NASDAQ:QCOM) Stock Holdings Boosted by RNC Capital Management LLC

RNC Capital Management LLC raised its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,441 shares of the wireless technology company’s stock after purchasing an additional 1,200 shares during the quarter. RNC Capital Management LLC’s holdings in QUALCOMM were worth $10,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QCOM. Certified Advisory Corp boosted its holdings in QUALCOMM by 0.7% during the first quarter. Certified Advisory Corp now owns 11,582 shares of the wireless technology company’s stock valued at $1,770,000 after purchasing an additional 79 shares in the last quarter. Source Financial Advisors LLC boosted its holdings in QUALCOMM by 2.2% during the fourth quarter. Source Financial Advisors LLC now owns 3,903 shares of the wireless technology company’s stock valued at $564,000 after purchasing an additional 85 shares in the last quarter. MCF Advisors LLC boosted its holdings in QUALCOMM by 1.6% during the third quarter. MCF Advisors LLC now owns 5,891 shares of the wireless technology company’s stock valued at $654,000 after purchasing an additional 90 shares in the last quarter. Chesley Taft & Associates LLC boosted its holdings in QUALCOMM by 0.5% during the fourth quarter. Chesley Taft & Associates LLC now owns 16,858 shares of the wireless technology company’s stock valued at $2,438,000 after purchasing an additional 90 shares in the last quarter. Finally, Bangor Savings Bank boosted its holdings in QUALCOMM by 1.0% during the fourth quarter. Bangor Savings Bank now owns 9,366 shares of the wireless technology company’s stock valued at $1,355,000 after purchasing an additional 92 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of recent research reports. Rosenblatt Securities lifted their price objective on QUALCOMM from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Citigroup downgraded QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a report on Thursday, February 1st. Canaccord Genuity Group boosted their target price on QUALCOMM from $152.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Barclays boosted their target price on QUALCOMM from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. reduced their target price on QUALCOMM from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus target price of $148.71.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $169.13 on Thursday. The firm has a fifty day moving average of $157.05 and a two-hundred day moving average of $135.64. The stock has a market capitalization of $188.75 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.28 and a beta of 1.41. QUALCOMM Incorporated has a 52 week low of $101.47 and a 52 week high of $177.59. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.88 and a current ratio of 2.56.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, January 31st. The wireless technology company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.90 by $0.43. The company had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $9.50 billion. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. As a group, equities research analysts predict that QUALCOMM Incorporated will post 7.67 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 29th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, February 28th. QUALCOMM’s dividend payout ratio is currently 46.38%.

Insider Activity at QUALCOMM

In related news, CEO Cristiano R. Amon sold 8,100 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $149.50, for a total value of $1,210,950.00. Following the completion of the sale, the chief executive officer now owns 32,400 shares in the company, valued at approximately $4,843,800. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Neil Martin sold 689 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $160.64, for a total value of $110,680.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Cristiano R. Amon sold 8,100 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the completion of the transaction, the chief executive officer now directly owns 32,400 shares of the company’s stock, valued at $4,843,800. The disclosure for this sale can be found here. Insiders sold a total of 34,360 shares of company stock worth $5,457,048 in the last quarter. Corporate 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.