Bokf Na Sells 6,223 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

BOKF NA lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,075 shares of the wireless technology company's stock after selling 6,223 shares during the quarter. BOKF NA's holdings in QUALCOMM were worth $10,843,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in QCOM. Principal Financial Group Inc. increased its holdings in shares of QUALCOMM by 5.2% in the third quarter. Principal Financial Group Inc. now owns 1,415,090 shares of the wireless technology company's stock valued at $240,636,000 after purchasing an additional 69,707 shares in the last quarter. Nordea Investment Management AB raised its position in shares of QUALCOMM by 39.7% during the fourth quarter. Nordea Investment Management AB now owns 1,841,103 shares of the wireless technology company's stock worth $284,708,000 after acquiring an additional 523,244 shares during the last quarter. Pensionfund Sabic lifted its stake in shares of QUALCOMM by 41.7% during the fourth quarter. Pensionfund Sabic now owns 17,000 shares of the wireless technology company's stock valued at $2,612,000 after acquiring an additional 5,000 shares during the period. CWA Asset Management Group LLC boosted its holdings in QUALCOMM by 1.6% in the fourth quarter. CWA Asset Management Group LLC now owns 80,353 shares of the wireless technology company's stock valued at $12,344,000 after acquiring an additional 1,265 shares during the last quarter. Finally, Iowa State Bank increased its position in QUALCOMM by 1.0% in the fourth quarter. Iowa State Bank now owns 18,150 shares of the wireless technology company's stock worth $2,788,000 after purchasing an additional 176 shares during the period. Institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Performance

Shares of QUALCOMM stock traded up $4.64 during trading on Wednesday, hitting $144.54. 10,195,505 shares of the stock were exchanged, compared to its average volume of 8,885,892. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $230.63. The stock has a market capitalization of $158.70 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29. The company has a fifty day moving average price of $146.74 and a 200-day moving average price of $157.91. The company has a current ratio of 2.62, a quick ratio of 1.99 and a debt-to-equity ratio of 0.49.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.03. QUALCOMM had a return on equity of 39.51% and a net margin of 25.94%. The firm had revenue of $10.98 billion for the quarter, compared to analyst estimates of $10.58 billion. During the same quarter in the prior year, the company earned $2.44 earnings per share. The business's revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 5th will be given a $0.89 dividend. The ex-dividend date is Thursday, June 5th. This is a positive change from QUALCOMM's previous quarterly dividend of $0.85. This represents a $3.56 annualized dividend and a dividend yield of 2.46%. QUALCOMM's dividend payout ratio is presently 36.25%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $139.77, for a total transaction of $465,853.41. Following the transaction, the chief financial officer now owns 53,112 shares in the company, valued at $7,423,464.24. This trade represents a 5.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Neil Martin sold 744 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $174.83, for a total transaction of $130,073.52. Following the completion of the sale, the chief accounting officer now directly owns 461 shares of the company's stock, valued at approximately $80,596.63. The trade was a 61.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,599 shares of company stock worth $5,733,290. 0.08% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, May 1st. Wells Fargo & Company dropped their target price on shares of QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Robert W. Baird decreased their price objective on QUALCOMM from $250.00 to $216.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. StockNews.com lowered QUALCOMM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $150.00 price target on shares of QUALCOMM in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, QUALCOMM currently has an average rating of "Hold" and a consensus target price of $192.58.

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.