Associated Banc Corp Has $394,000 Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Associated Banc Corp trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,319 shares of the wireless technology company’s stock after selling 140 shares during the period. Associated Banc Corp’s holdings in QUALCOMM were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA increased its holdings in shares of QUALCOMM by 1.6% in the 3rd quarter. Private Trust Co. NA now owns 14,676 shares of the wireless technology company’s stock valued at $2,496,000 after purchasing an additional 235 shares during the period. Longfellow Investment Management Co. LLC purchased a new position in QUALCOMM during the third quarter valued at approximately $679,000. Hancock Whitney Corp increased its stake in QUALCOMM by 7.4% in the 3rd quarter. Hancock Whitney Corp now owns 30,965 shares of the wireless technology company’s stock valued at $5,266,000 after buying an additional 2,137 shares during the period. Truvestments Capital LLC lifted its position in QUALCOMM by 4.2% in the 3rd quarter. Truvestments Capital LLC now owns 33,991 shares of the wireless technology company’s stock worth $5,780,000 after buying an additional 1,380 shares in the last quarter. Finally, Bank of Hawaii boosted its stake in shares of QUALCOMM by 1.3% during the 3rd quarter. Bank of Hawaii now owns 18,374 shares of the wireless technology company’s stock valued at $3,125,000 after buying an additional 228 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on QCOM shares. Morgan Stanley dropped their price target on shares of QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Wolfe Research downgraded QUALCOMM from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Cantor Fitzgerald reissued a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a research note on Wednesday, November 20th. Barclays raised their price objective on shares of QUALCOMM from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Loop Capital assumed coverage on shares of QUALCOMM in a research note on Monday, November 11th. They issued a “hold” rating and a $180.00 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.15.

Insider Buying and Selling

In other news, General Counsel Ann C. Chaplin sold 1,901 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the transaction, the general counsel now directly owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This represents a 13.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares of the company’s stock, valued at $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,450 shares of company stock valued at $2,911,306 over the last ninety days. 0.08% of the stock is owned by company insiders.

QUALCOMM Stock Up 1.3 %

QCOM stock opened at $158.82 on Tuesday. The business’s 50-day simple moving average is $167.67 and its 200 day simple moving average is $181.44. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The company has a market cap of $176.45 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 2.64 and a beta of 1.28. QUALCOMM Incorporated has a twelve month low of $125.67 and a twelve month high of $230.63.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s dividend payout ratio is presently 37.82%.

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.