New Hampshire Trust Has $3.80 Million Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

New Hampshire Trust lowered its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.4% during the first quarter, Holdings Channel reports. The institutional investor owned 22,415 shares of the wireless technology company’s stock after selling 322 shares during the period. New Hampshire Trust’s holdings in QUALCOMM were worth $3,795,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. acquired a new position in QUALCOMM in the 3rd quarter valued at approximately $5,822,000. CI Investments Inc. increased its position in QUALCOMM by 3.7% in the 3rd quarter. CI Investments Inc. now owns 184,535 shares of the wireless technology company’s stock valued at $20,494,000 after acquiring an additional 6,580 shares during the period. Bison Wealth LLC increased its position in QUALCOMM by 5.9% in the 3rd quarter. Bison Wealth LLC now owns 3,888 shares of the wireless technology company’s stock valued at $432,000 after acquiring an additional 218 shares during the period. V Square Quantitative Management LLC increased its position in QUALCOMM by 1,285.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,912 shares of the wireless technology company’s stock valued at $212,000 after acquiring an additional 1,774 shares during the period. Finally, Provence Wealth Management Group increased its position in QUALCOMM by 15.0% in the 3rd quarter. Provence Wealth Management Group now owns 2,211 shares of the wireless technology company’s stock valued at $246,000 after acquiring an additional 289 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In other news, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $168.27, for a total value of $1,346,160.00. Following the completion of the sale, the chief technology officer now directly owns 261,893 shares in the company, valued at approximately $44,068,735.11. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $168.27, for a total value of $1,346,160.00. Following the completion of the sale, the chief technology officer now directly owns 261,893 shares in the company, valued at approximately $44,068,735.11. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $173.49, for a total transaction of $520,470.00. Following the sale, the chief financial officer now owns 69,343 shares of the company’s stock, valued at $12,030,317.07. The disclosure for this sale can be found here. Insiders sold a total of 45,185 shares of company stock worth $8,206,875 over the last three months. 0.08% of the stock is owned by insiders.

QUALCOMM Stock Performance

QCOM stock traded down $8.92 during mid-day trading on Thursday, hitting $218.17. The company had a trading volume of 5,596,323 shares, compared to its average volume of 8,987,420. The firm has a market cap of $243.48 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.77 and a beta of 1.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.98 and a current ratio of 2.65. QUALCOMM Incorporated has a 12 month low of $104.33 and a 12 month high of $230.63. The stock’s fifty day moving average price is $190.73 and its two-hundred day moving average price is $166.00.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, May 1st. The wireless technology company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.82 by $0.11. The business had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.32 billion. QUALCOMM had a net margin of 23.03% and a return on equity of 37.09%. On average, analysts forecast that QUALCOMM Incorporated will post 7.83 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, May 30th. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.80. This represents a $3.40 annualized dividend and a yield of 1.56%. QUALCOMM’s payout ratio is presently 45.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $190.00 price objective on shares of QUALCOMM in a research report on Thursday, May 2nd. Morgan Stanley increased their price objective on shares of QUALCOMM from $158.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. Wolfe Research increased their price objective on shares of QUALCOMM from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Finally, KeyCorp raised their price target on shares of QUALCOMM from $180.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $188.74.

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.