Citizens National Bank Trust Department Has $2.86 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Citizens National Bank Trust Department lowered its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,618 shares of the wireless technology company’s stock after selling 220 shares during the period. Citizens National Bank Trust Department’s holdings in QUALCOMM were worth $2,860,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Reston Wealth Management LLC bought a new stake in QUALCOMM in the third quarter worth approximately $26,000. CKW Financial Group acquired a new stake in shares of QUALCOMM during the 4th quarter worth approximately $27,000. Planning Capital Management Corp increased its stake in shares of QUALCOMM by 137.3% in 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 in the last quarter. Accordant Advisory Group Inc acquired a new position in shares of QUALCOMM during the 3rd quarter valued at $36,000. Finally, Synergy Asset Management LLC bought a new position in QUALCOMM during the fourth quarter worth $38,000. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, General Counsel Ann C. Chaplin sold 2,587 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $158.12, for a total value of $409,056.44. Following the completion of the transaction, the general counsel now directly owns 19,739 shares of the company’s stock, valued at approximately $3,121,130.68. This trade represents a 11.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total transaction of $484,620.00. Following the sale, the chief financial officer now directly owns 48,778 shares in the company, valued at $7,879,598.12. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,964 shares of company stock valued at $7,583,661. 0.08% of the stock is owned by insiders.

QUALCOMM Stock Up 0.9 %

QCOM opened at $175.22 on Thursday. QUALCOMM Incorporated has a twelve month low of $148.90 and a twelve month high of $230.63. The company’s 50-day moving average price is $164.01 and its two-hundred day moving average price is $165.61. The stock has a market cap of $193.79 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 2.01 and a beta of 1.25. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.07). QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, March 6th. This represents a $3.40 annualized dividend and a dividend yield of 1.94%. QUALCOMM’s payout ratio is 36.32%.

Analysts Set New Price Targets

QCOM has been the subject of several research analyst reports. Evercore ISI decreased their price target on shares of QUALCOMM from $199.00 to $179.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. Morgan Stanley cut their price target on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. UBS Group upped their target price on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Loop Capital initiated coverage on shares of QUALCOMM in a research note on Monday, November 11th. They set a “hold” rating and a $180.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.32.

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.