QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Bank Hapoalim BM

Bank Hapoalim BM trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 39.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,516 shares of the wireless technology company’s stock after selling 12,893 shares during the quarter. Bank Hapoalim BM’s holdings in QUALCOMM were worth $2,998,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in QCOM. Algert Global LLC acquired a new position in shares of QUALCOMM during the 2nd quarter worth approximately $366,000. Czech National Bank raised its stake in shares of QUALCOMM by 6.5% during the 3rd quarter. Czech National Bank now owns 226,933 shares of the wireless technology company’s stock worth $38,590,000 after buying an additional 13,888 shares during the period. Smith Anglin Financial LLC raised its stake in shares of QUALCOMM by 3.7% during the 3rd quarter. Smith Anglin Financial LLC now owns 2,122 shares of the wireless technology company’s stock worth $361,000 after buying an additional 76 shares during the period. Fulton Bank N.A. increased its position in shares of QUALCOMM by 0.9% during the third quarter. Fulton Bank N.A. now owns 9,067 shares of the wireless technology company’s stock worth $1,542,000 after purchasing an additional 85 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of QUALCOMM by 26.1% during the third quarter. Versant Capital Management Inc now owns 1,097 shares of the wireless technology company’s stock worth $187,000 after purchasing an additional 227 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $161.54, for a total value of $484,620.00. Following the completion of the sale, the chief financial officer now directly owns 48,778 shares in the company, valued at $7,879,598.12. This represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,981 shares of company stock valued at $4,000,870. Corporate insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on QCOM shares. Susquehanna dropped their price target on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, November 20th. KeyCorp cut QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Morgan Stanley dropped their price target on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price target on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Finally, Melius assumed coverage on QUALCOMM in a report on Monday, December 9th. 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, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.57.

QUALCOMM Price Performance

QCOM opened at $173.04 on Wednesday. The stock’s 50-day moving average price is $160.99 and its 200 day moving average price is $166.04. QUALCOMM Incorporated has a 12-month low of $141.21 and a 12-month high of $230.63. 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 firm has a market cap of $192.25 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 2.87 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 the consensus estimate of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The firm had revenue of $10.24 billion for the quarter, compared to analyst estimates of $9.90 billion. As a group, sell-side analysts expect that QUALCOMM Incorporated will post 9.16 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. Investors of record on Thursday, March 6th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.96%. The ex-dividend date is Thursday, March 6th. QUALCOMM’s payout ratio is 37.82%.

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.