QUALCOMM Incorporated (NASDAQ:QCOM) Stake Raised by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. raised its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 13.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,505 shares of the wireless technology company's stock after buying an additional 8,010 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in QUALCOMM were worth $10,216,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Tallon Kerry Patrick acquired a new position in shares of QUALCOMM during the fourth quarter valued at approximately $207,000. LaFleur & Godfrey LLC raised its stake in QUALCOMM by 10.6% in the 4th quarter. LaFleur & Godfrey LLC now owns 3,126 shares of the wireless technology company's stock valued at $480,000 after purchasing an additional 300 shares during the last quarter. Brighton Jones LLC lifted its holdings in QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after purchasing an additional 9,343 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in QUALCOMM during the 4th quarter worth $10,394,000. Finally, Revolve Wealth Partners LLC grew its holdings in shares of QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Price Performance

Shares of QUALCOMM stock traded down $0.78 during trading on Thursday, hitting $158.70. 5,675,247 shares of the company were exchanged, compared to its average volume of 8,521,721. The company has a quick ratio of 1.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.49. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $230.63. The firm has a 50 day moving average price of $144.67 and a 200 day moving average price of $155.17. The stock has a market capitalization of $174.25 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 2.01 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 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 during the quarter, compared to analyst estimates of $10.58 billion. During the same period in the prior year, the firm posted $2.44 earnings per share. The business's quarterly revenue was up 17.0% compared to the same quarter last year. On average, equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Thursday, June 5th will be given a $0.89 dividend. 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 2.24%. The ex-dividend date is Thursday, June 5th. QUALCOMM's dividend payout ratio (DPR) is 36.25%.

Analyst Ratings Changes

A number of research firms recently weighed in on QCOM. Susquehanna lowered their price target on shares of QUALCOMM from $210.00 to $190.00 and set a "positive" rating on the stock in a research report on Thursday, May 1st. Benchmark decreased their price objective on shares of QUALCOMM from $240.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Rosenblatt Securities restated a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, May 1st. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $150.00 target price on shares of QUALCOMM in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $189.88.

Insider Buying and Selling at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $146.10, for a total transaction of $486,951.30. Following the completion of the sale, the chief financial officer now directly owns 49,779 shares of the company's stock, valued at approximately $7,272,711.90. This trade represents a 6.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $16.00, for a total transaction of $6,600,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 423,464 shares of company stock valued at $8,135,164. Company insiders own 0.08% of the company's stock.

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.