Moody National Bank Trust Division continued to hold its position in QUALCOMM Incorporated (NASDAQ:QCOM) during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,985 shares of the wireless technology company’s stock at the end of the second quarter. Moody National Bank Trust Division’s holdings in QUALCOMM were worth $1,158,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in QCOM. Jacobi Capital Management LLC boosted its stake in shares of QUALCOMM by 10.8% in the 1st quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock worth $145,000 after buying an additional 250 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of QUALCOMM by 6.1% in the 2nd quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock worth $148,000 after buying an additional 153 shares during the last quarter. Welch Group LLC boosted its stake in shares of QUALCOMM by 2.3% in the 1st quarter. Welch Group LLC now owns 3,037 shares of the wireless technology company’s stock worth $174,000 after buying an additional 69 shares during the last quarter. American National Bank boosted its stake in shares of QUALCOMM by 28.7% in the 2nd quarter. American National Bank now owns 3,637 shares of the wireless technology company’s stock worth $201,000 after buying an additional 812 shares during the last quarter. Finally, Gilbert & Cook Inc. purchased a new position in shares of QUALCOMM in the 2nd quarter worth $217,000. Hedge funds and other institutional investors own 76.96% of the company’s stock.

QUALCOMM Incorporated (QCOM) opened at 52.30 on Wednesday. The firm’s 50 day moving average price is $52.06 and its 200 day moving average price is $54.99. QUALCOMM Incorporated has a 12 month low of $48.92 and a 12 month high of $71.62. The stock has a market cap of $77.20 billion, a price-to-earnings ratio of 20.03 and a beta of 1.29.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 19th. The wireless technology company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.25 billion. QUALCOMM had a net margin of 17.26% and a return on equity of 19.64%. QUALCOMM’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 EPS. On average, equities research analysts predict that QUALCOMM Incorporated will post $4.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th will be issued a $0.57 dividend. The ex-dividend date is Monday, August 28th. This represents a $2.28 dividend on an annualized basis and a yield of 4.36%. QUALCOMM’s payout ratio is 87.36%.

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In other QUALCOMM news, EVP Michelle M. Sterling sold 4,740 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $51.88, for a total value of $245,911.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Derek K. Aberle sold 23,104 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $55.38, for a total transaction of $1,279,499.52. Following the completion of the sale, the president now owns 5,855 shares of the company’s stock, valued at approximately $324,249.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,995 shares of company stock valued at $1,587,390. 0.24% of the stock is owned by insiders.

QCOM has been the topic of a number of research reports. ValuEngine downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub downgraded QUALCOMM from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Northland Securities downgraded QUALCOMM from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $75.00 to $62.50 in a research note on Wednesday, June 28th. Zacks Investment Research downgraded QUALCOMM from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Finally, Vetr upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $62.13 price target on the stock in a research note on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $63.96.

QUALCOMM Company Profile

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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