Berkshire Bank Acquires 95 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Berkshire Bank raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,201 shares of the wireless technology company’s stock after acquiring an additional 95 shares during the period. Berkshire Bank’s holdings in QUALCOMM were worth $492,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Foundations Investment Advisors LLC lifted its stake in QUALCOMM by 4.0% in the fourth quarter. Foundations Investment Advisors LLC now owns 14,126 shares of the wireless technology company’s stock valued at $2,170,000 after buying an additional 544 shares during the period. Cornell Pochily Investment Advisors Inc. raised its position in shares of QUALCOMM by 0.8% in the 4th quarter. Cornell Pochily Investment Advisors Inc. now owns 11,016 shares of the wireless technology company’s stock valued at $1,692,000 after acquiring an additional 89 shares during the period. CKW Financial Group bought a new position in QUALCOMM during the 4th quarter worth approximately $27,000. Valued Wealth Advisors LLC grew its holdings in QUALCOMM by 33.1% during the fourth quarter. Valued Wealth Advisors LLC now owns 374 shares of the wireless technology company’s stock valued at $57,000 after purchasing an additional 93 shares during the period. Finally, Pacer Advisors Inc. increased its stake in QUALCOMM by 9.1% in the fourth quarter. Pacer Advisors Inc. now owns 3,481,143 shares of the wireless technology company’s stock valued at $534,773,000 after purchasing an additional 289,801 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on QCOM shares. Susquehanna decreased their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, November 20th. Benchmark reissued a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a research note on Thursday, November 7th. JPMorgan Chase & Co. dropped their price target on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI boosted their price objective on QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company raised their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus price target of $206.57.

QUALCOMM Stock Down 0.5 %

QCOM opened at $171.18 on Tuesday. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $159.49 and its 200 day simple moving average is $167.27. QUALCOMM Incorporated has a 1-year low of $139.26 and a 1-year high of $230.63. The stock has a market cap of $190.18 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 2.84 and a beta of 1.25.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.25. QUALCOMM had a net margin of 26.03% and a return on equity of 38.81%. The company had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. As a group, research analysts expect that QUALCOMM Incorporated will post 9.14 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently announced 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 of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.99%. QUALCOMM’s dividend payout ratio (DPR) is currently 37.82%.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $161.54, for a total transaction of $484,620.00. Following the transaction, the chief financial officer now owns 48,778 shares in the company, valued at approximately $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 ninety days, insiders sold 26,882 shares of company stock valued at $4,314,649. 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.