Dakota Community Bank & Trust NA Trims Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Dakota Community Bank & Trust NA lowered its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 29.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,564 shares of the wireless technology company’s stock after selling 648 shares during the period. Dakota Community Bank & Trust NA’s holdings in QUALCOMM were worth $266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Unigestion Holding SA increased its stake in shares of QUALCOMM by 52.5% during the fourth quarter. Unigestion Holding SA now owns 52,422 shares of the wireless technology company’s stock valued at $7,582,000 after purchasing an additional 18,054 shares in the last quarter. Cresset Asset Management LLC increased its position in QUALCOMM by 5.0% during the 4th quarter. Cresset Asset Management LLC now owns 154,812 shares of the wireless technology company’s stock valued at $22,390,000 after buying an additional 7,442 shares in the last quarter. Bellevue Group AG purchased a new position in QUALCOMM during the fourth quarter valued at $50,000. Symmetry Investments LP bought a new stake in QUALCOMM in the fourth quarter worth $557,000. Finally, Icon Wealth Advisors LLC purchased a new stake in shares of QUALCOMM in the fourth quarter worth $1,648,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total value of $497,850.00. Following the transaction, the chief financial officer now directly owns 51,437 shares in the company, valued at $8,535,970.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total transaction of $497,850.00. Following the sale, the chief financial officer now owns 51,437 shares in the company, valued at $8,535,970.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alexander H. Rogers sold 3,245 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total transaction of $539,156.75. Following the transaction, the insider now owns 32,231 shares of the company’s stock, valued at approximately $5,355,180.65. This represents a 0.00 % decrease in their position. 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. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

Shares of QCOM stock traded down $0.05 during trading hours on Tuesday, reaching $166.89. 1,573,981 shares of the company traded hands, compared to its average volume of 9,098,387. The firm has a 50-day moving average price of $167.77 and a 200 day moving average price of $182.17. The company has a market cap of $186.25 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.69 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 12-month low of $104.33 and a 12-month high of $230.63.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.21. The business had revenue of $9.39 billion during the quarter, compared to analyst estimates of $9.23 billion. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. As a group, sell-side analysts predict that QUALCOMM Incorporated will post 8.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on QCOM shares. Deutsche Bank Aktiengesellschaft lifted their price target on QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. HSBC cut shares of QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a report on Wednesday, July 17th. Wells Fargo & Company boosted their price objective on shares of QUALCOMM from $140.00 to $170.00 and gave the stock an “underweight” rating in a report on Thursday, August 1st. Westpark Capital reaffirmed a “hold” rating on shares of QUALCOMM in a research report on Tuesday, July 30th. Finally, Wolfe Research lowered QUALCOMM from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average target price of $211.67.

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.