Home Federal Bank of Tennessee Sells 200 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Home Federal Bank of Tennessee lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,440 shares of the wireless technology company’s stock after selling 200 shares during the quarter. Home Federal Bank of Tennessee’s holdings in QUALCOMM were worth $528,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Reston Wealth Management LLC bought a new position in shares of QUALCOMM during the 3rd quarter valued at approximately $26,000. CKW Financial Group purchased a new position in QUALCOMM during the 4th quarter valued at $27,000. Planning Capital Management Corp boosted its holdings in QUALCOMM by 137.3% during the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock valued at $34,000 after acquiring an additional 114 shares during the period. Accordant Advisory Group Inc purchased a new position in QUALCOMM during the 3rd quarter valued at $36,000. Finally, Synergy Asset Management LLC purchased a new position in QUALCOMM during the 4th quarter valued at $38,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Up 0.6 %

Shares of NASDAQ:QCOM opened at $172.93 on Monday. The business’s 50-day moving average is $160.76 and its 200 day moving average is $166.19. QUALCOMM Incorporated has a 1 year low of $139.26 and a 1 year high of $230.63. The firm has a market capitalization of $192.13 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.87 and a beta of 1.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. On average, research analysts predict that QUALCOMM Incorporated will post 9.16 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM’s dividend payout ratio is currently 37.82%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on QCOM shares. Citigroup dropped their price objective on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. Evercore ISI boosted their price objective on QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Benchmark restated a “buy” rating and set a $240.00 price objective on shares of QUALCOMM in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. Finally, Loop Capital began coverage on QUALCOMM in a report on Monday, November 11th. They issued a “hold” rating and a $180.00 target price for the company. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $206.57.

Insider Activity

In other news, insider Alexander H. Rogers sold 10,373 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $160.59, for a total value of $1,665,800.07. Following the transaction, the insider now directly owns 33,383 shares of the company’s stock, valued at approximately $5,360,975.97. This represents a 23.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,981 shares of company stock valued at $4,000,870. Company insiders own 0.08% of the company’s stock.

QUALCOMM 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.