Park National Corp OH Sells 1,127 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Park National Corp OH lessened its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,134 shares of the wireless technology company’s stock after selling 1,127 shares during the period. Park National Corp OH’s holdings in QUALCOMM were worth $1,710,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HWG Holdings LP purchased a new stake in shares of QUALCOMM during the second quarter valued at about $30,000. Reston Wealth Management LLC bought a new position in shares of QUALCOMM during the 3rd quarter worth approximately $26,000. Planning Capital Management Corp lifted its position in QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock valued at $34,000 after acquiring an additional 114 shares during the last quarter. Hershey Financial Advisers LLC acquired a new stake in QUALCOMM in the second quarter valued at approximately $42,000. Finally, Accordant Advisory Group Inc purchased a new position in QUALCOMM in the third quarter worth $36,000. 74.35% of the stock is currently owned by institutional investors.

Insider Activity

In other news, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the sale, the general counsel now owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. The trade was a 13.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the transaction, the chief accounting officer now owns 94 shares of the company’s stock, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,882 shares of company stock valued at $4,314,649. 0.08% of the stock is currently owned by insiders.

QUALCOMM Trading Down 0.9 %

Shares of QUALCOMM stock opened at $159.08 on Thursday. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a twelve month low of $136.03 and a twelve month high of $230.63. The firm has a market capitalization of $176.74 billion, a PE ratio of 17.70, a P/E/G ratio of 2.65 and a beta of 1.25. The firm’s 50-day moving average price is $159.91 and its 200 day moving average price is $170.72.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.01 by $0.25. The firm had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $9.90 billion. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. On average, sell-side analysts predict that QUALCOMM Incorporated will post 9.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on QCOM shares. Mizuho decreased their price objective on QUALCOMM from $245.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday. Citigroup decreased their price target on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Melius Research initiated coverage on QUALCOMM in a report on Monday, December 9th. They issued a “hold” rating and a $180.00 price target for the company. Susquehanna cut their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a report on Wednesday, November 20th. Finally, Wells Fargo & Company lifted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

QUALCOMM Company 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.