First American Trust FSB Has $7.20 Million Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

First American Trust FSB lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 4.7% in the fourth quarter, HoldingsChannel reports. The fund owned 49,772 shares of the wireless technology company’s stock after selling 2,464 shares during the period. First American Trust FSB’s holdings in QUALCOMM were worth $7,199,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc lifted its holdings in QUALCOMM by 6.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,110 shares of the wireless technology company’s stock valued at $161,000 after purchasing an additional 68 shares during the last quarter. Chilton Capital Management LLC boosted its holdings in shares of QUALCOMM by 1.9% during the 4th quarter. Chilton Capital Management LLC now owns 3,763 shares of the wireless technology company’s stock worth $544,000 after buying an additional 70 shares during the period. Means Investment CO. Inc. boosted its holdings in shares of QUALCOMM by 1.2% during the 4th quarter. Means Investment CO. Inc. now owns 5,793 shares of the wireless technology company’s stock worth $838,000 after buying an additional 71 shares during the period. Certified Advisory Corp boosted its holdings in shares of QUALCOMM by 0.7% during the 1st quarter. Certified Advisory Corp now owns 11,582 shares of the wireless technology company’s stock worth $1,770,000 after buying an additional 79 shares during the period. Finally, Source Financial Advisors LLC boosted its holdings in shares of QUALCOMM by 2.2% during the 4th quarter. Source Financial Advisors LLC now owns 3,903 shares of the wireless technology company’s stock worth $564,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM traded down $1.45 during trading on Monday, hitting $169.84. 6,567,047 shares of the company were exchanged, compared to its average volume of 8,645,328. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.63. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $177.59. The company has a market capitalization of $189.54 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 2.34 and a beta of 1.41. The business’s 50 day moving average is $163.10 and its 200-day moving average is $141.23.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.43. QUALCOMM had a net margin of 21.39% and a return on equity of 38.06%. The company had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.50 billion. Equities analysts forecast that QUALCOMM Incorporated will post 7.67 earnings per share for the current year.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $173.49, for a total transaction of $520,470.00. Following the sale, the chief financial officer now owns 69,343 shares of the company’s stock, valued at $12,030,317.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $173.49, for a total transaction of $520,470.00. Following the transaction, the chief financial officer now owns 69,343 shares of the company’s stock, valued at approximately $12,030,317.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Cristiano R. Amon sold 8,100 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $169.60, for a total transaction of $1,373,760.00. Following the transaction, the chief executive officer now directly owns 16,200 shares in the company, valued at approximately $2,747,520. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,360 shares of company stock valued at $7,184,678. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Citigroup downgraded shares of QUALCOMM from a “buy” rating to a “neutral” rating and set a $160.00 price objective for the company. in a report on Thursday, February 1st. Cantor Fitzgerald boosted their price objective on shares of QUALCOMM from $150.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Canaccord Genuity Group boosted their price objective on shares of QUALCOMM from $152.00 to $175.00 and gave the company a “buy” rating in a report on Friday, January 19th. Susquehanna boosted their price objective on shares of QUALCOMM from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, April 10th. Finally, Barclays boosted their price objective on shares of QUALCOMM from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.90.

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.