Stock Yards Bank & Trust Co. boosted its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 4.9% in the 1st quarter, HoldingsChannel reports. The firm owned 31,342 shares of the wireless technology company’s stock after buying an additional 1,466 shares during the period. Stock Yards Bank & Trust Co.’s holdings in QUALCOMM were worth $1,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QCOM. Lavaca Capital LLC purchased a new position in QUALCOMM during the fourth quarter worth $25,000. Csenge Advisory Group purchased a new position in QUALCOMM during the third quarter worth $28,000. Transamerica Financial Advisors Inc. increased its position in QUALCOMM by 688.5% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 615 shares of the wireless technology company’s stock worth $35,000 after buying an additional 537 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in QUALCOMM during the fourth quarter worth $36,000. Finally, Pearl River Capital LLC purchased a new position in QUALCOMM during the fourth quarter worth $40,000. 83.70% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on QCOM. BidaskClub downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Zacks Investment Research downgraded QUALCOMM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Evercore ISI reaffirmed an “in-line” rating and issued a $60.00 price objective (down previously from $68.00) on shares of QUALCOMM in a research report on Monday, January 14th. Barclays reaffirmed a “buy” rating and issued a $70.00 price objective on shares of QUALCOMM in a research report on Friday, January 18th. Finally, Cowen reaffirmed an “outperform” rating and issued a $70.00 price objective (down previously from $73.00) on shares of QUALCOMM in a research report on Thursday, January 31st. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. QUALCOMM presently has a consensus rating of “Buy” and an average price target of $76.32.

In related news, EVP James H. Thompson sold 40,000 shares of QUALCOMM stock in a transaction on Monday, February 11th. The stock was sold at an average price of $50.75, for a total value of $2,030,000.00. Following the transaction, the executive vice president now owns 62,301 shares in the company, valued at $3,161,775.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Cristiano R. Amon sold 13,466 shares of QUALCOMM stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $60.00, for a total value of $807,960.00. Following the completion of the transaction, the president now owns 37,614 shares in the company, valued at approximately $2,256,840. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Shares of QUALCOMM stock opened at $79.89 on Friday. QUALCOMM, Inc. has a twelve month low of $48.56 and a twelve month high of $82.52. The firm has a market capitalization of $96.69 billion, a P/E ratio of 25.04, a PEG ratio of 2.59 and a beta of 1.22. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.38 and a current ratio of 1.54.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.11. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The firm had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was down 21.3% compared to the same quarter last year. As a group, equities research analysts predict that QUALCOMM, Inc. will post 3.14 EPS for the current year.

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QUALCOMM Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products 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 code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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