Field & Main Bank Decreases Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Field & Main Bank lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 12.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,010 shares of the wireless technology company’s stock after selling 142 shares during the period. Field & Main Bank’s holdings in QUALCOMM were worth $172,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QCOM. Leelyn Smith LLC purchased a new position in shares of QUALCOMM in the first quarter worth about $208,000. WealthPLAN Partners LLC purchased a new position in shares of QUALCOMM in the first quarter worth about $228,000. Reynders McVeigh Capital Management LLC purchased a new position in shares of QUALCOMM in the first quarter worth about $207,000. Atomi Financial Group Inc. grew its stake in QUALCOMM by 28.5% during the first quarter. Atomi Financial Group Inc. now owns 3,612 shares of the wireless technology company’s stock valued at $612,000 after acquiring an additional 801 shares in the last quarter. Finally, Chilton Capital Management LLC grew its stake in QUALCOMM by 32.3% during the first quarter. Chilton Capital Management LLC now owns 4,978 shares of the wireless technology company’s stock valued at $843,000 after acquiring an additional 1,215 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 1.2 %

NASDAQ:QCOM opened at $170.91 on Friday. The firm’s 50-day moving average price is $168.53 and its 200-day moving average price is $182.15. The company has a market capitalization of $190.39 billion, a PE ratio of 19.01, a P/E/G ratio of 1.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78. QUALCOMM Incorporated has a 1-year low of $119.85 and a 1-year high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. The firm had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $9.90 billion. QUALCOMM had a net margin of 26.03% and a return on equity of 39.70%. On average, equities analysts predict that QUALCOMM Incorporated will post 8.62 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s payout ratio is 37.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Westpark Capital reaffirmed a “hold” rating on shares of QUALCOMM in a research note on Tuesday, July 30th. Hsbc Global Res lowered shares of QUALCOMM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 17th. KeyCorp lowered shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Rosenblatt Securities lifted their target price on shares of QUALCOMM from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $212.16.

Insider Buying and Selling

In related news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total value of $1,358,400.00. Following the transaction, the chief technology officer now owns 213,364 shares in the company, valued at $36,229,207.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares in the company, valued at approximately $1,981,875.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the transaction, the chief technology officer now owns 213,364 shares in the company, valued at $36,229,207.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,146 shares of company stock worth $2,709,186 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.