TD Waterhouse Canada Inc. increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 348,505 shares of the wireless technology company’s stock after purchasing an additional 4,882 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in QUALCOMM were worth $57,986,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QCOM. Brighton Jones LLC boosted its position in QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after purchasing an additional 340 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of QUALCOMM by 44.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after buying an additional 1,020 shares during the last quarter. Donald L. Hagan LLC grew its stake in shares of QUALCOMM by 22.6% in the 2nd quarter. Donald L. Hagan LLC now owns 11,602 shares of the wireless technology company’s stock valued at $1,848,000 after buying an additional 2,141 shares in the last quarter. Finally, Broadway Wealth Solutions Inc. acquired a new position in QUALCOMM in the second quarter worth approximately $205,000. 74.35% of the stock is owned by hedge funds and other institutional investors.
QUALCOMM Stock Down 0.2%
NASDAQ QCOM opened at $152.70 on Thursday. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The stock has a market cap of $163.09 billion, a PE ratio of 31.23, a PEG ratio of 3.41 and a beta of 1.21. The firm has a 50-day simple moving average of $169.60 and a 200 day simple moving average of $165.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82.
QUALCOMM Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.3%. QUALCOMM’s dividend payout ratio (DPR) is presently 72.80%.
Insider Activity at QUALCOMM
In other QUALCOMM news, EVP Ann C. Chaplin sold 7,180 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the transaction, the executive vice president directly owned 23,944 shares in the company, valued at $4,262,750.32. The trade was a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Patricia Y. Grech sold 513 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $160.95, for a total transaction of $82,567.35. Following the sale, the chief accounting officer directly owned 203 shares of the company’s stock, valued at approximately $32,672.85. The trade was a 71.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 44,820 shares of company stock valued at $7,883,482. Insiders own 0.05% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on QCOM. Weiss Ratings reiterated a “hold (c)” rating on shares of QUALCOMM in a research note on Monday, December 29th. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. UBS Group lowered their target price on shares of QUALCOMM from $185.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday. Piper Sandler boosted their price target on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Finally, Susquehanna set a $210.00 price target on QUALCOMM in a research note on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $189.06.
View Our Latest Stock Analysis on QCOM
About QUALCOMM
QUALCOMM Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.
The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi?Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.
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