QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Members Trust Co

Members Trust Co raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,052 shares of the wireless technology company’s stock after purchasing an additional 119 shares during the period. Members Trust Co’s holdings in QUALCOMM were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Congress Asset Management Co. MA acquired a new stake in QUALCOMM during the 4th quarter worth $222,000. ICA Group Wealth Management LLC acquired a new stake in shares of QUALCOMM during the fourth quarter worth $115,000. Leo Wealth LLC purchased a new position in QUALCOMM in the 4th quarter valued at $382,000. Orrstown Financial Services Inc. increased its stake in QUALCOMM by 6.6% in the 1st quarter. Orrstown Financial Services Inc. now owns 2,654 shares of the wireless technology company’s stock valued at $449,000 after buying an additional 165 shares during the period. Finally, Moody National Bank Trust Division lifted its stake in shares of QUALCOMM by 0.7% in the 1st quarter. Moody National Bank Trust Division now owns 13,004 shares of the wireless technology company’s stock worth $2,202,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 1.7 %

NASDAQ:QCOM traded down $3.02 during trading hours on Tuesday, hitting $175.02. 7,001,930 shares of the stock traded hands, compared to its average volume of 9,058,431. The firm has a market cap of $195.32 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.71 and a beta of 1.28. The firm has a 50 day moving average price of $168.25 and a 200 day moving average price of $182.24. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. QUALCOMM Incorporated has a fifty-two week low of $104.33 and a fifty-two week high of $230.63.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.21. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. The company had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.23 billion. Equities research analysts anticipate that QUALCOMM Incorporated will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

QCOM has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. DZ Bank raised QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research note on Friday, August 2nd. KeyCorp lowered shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Westpark Capital reissued a “hold” rating on shares of QUALCOMM in a research note on Tuesday, July 30th. Finally, Tigress Financial increased their target price on shares of QUALCOMM from $238.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $209.38.

Insider Transactions at QUALCOMM

In related news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief technology officer now directly owns 213,364 shares in the company, valued at $36,229,207.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total transaction of $497,850.00. Following the transaction, the chief financial officer now owns 51,437 shares in the company, valued at $8,535,970.15. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,245 shares of company stock worth $3,679,407. 0.08% of the stock is owned by corporate insiders.

About QUALCOMM

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.