Qualcomm Incorporated $QCOM Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. boosted its position in Qualcomm Incorporated (NASDAQ:QCOM) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,490 shares of the wireless technology company’s stock after acquiring an additional 4,879 shares during the period. Vise Technologies Inc.’s holdings in Qualcomm were worth $14,997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baxter Bros Inc. bought a new stake in shares of Qualcomm in the 2nd quarter valued at about $17,844,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Qualcomm in the 2nd quarter valued at approximately $28,068,000. Tensor Edge Capital LLC bought a new position in Qualcomm during the 2nd quarter worth approximately $147,315,000. Sawyer & Company Inc bought a new position in Qualcomm during the 3rd quarter worth approximately $2,403,000. Finally, Robinson Value Management Ltd. grew its holdings in Qualcomm by 40.5% during the third quarter. Robinson Value Management Ltd. now owns 34,184 shares of the wireless technology company’s stock valued at $6,291,000 after purchasing an additional 9,858 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $164.79 on Monday. The firm has a market cap of $175.97 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 3.71 and a beta of 1.70. The stock’s 50-day moving average is $177.83 and its 200-day moving average is $169.44. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a $0.92 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm’s payout ratio is presently 42.59%.

Analysts Set New Price Targets

QCOM has been the subject of several recent analyst reports. HSBC reaffirmed a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. Zacks Research cut shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 15th. Cantor Fitzgerald decreased their price target on shares of Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Wells Fargo & Company lowered their price objective on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada upped their price objective on shares of Qualcomm from $160.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $205.83.

Insider Transactions at Qualcomm

In other news, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer owned 177,568 shares in the company, valued at $35,513,600. This trade represents a 5.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 208 shares of Qualcomm stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 30,258 shares of company stock worth $5,727,616. 0.05% of the stock is currently owned by insiders.

About Qualcomm

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.