QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,048 shares of the wireless technology company’s stock after buying an additional 91 shares during the period. Beacon Financial Advisory LLC’s holdings in QUALCOMM were worth $688,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of QCOM. Hixon Zuercher LLC lifted its holdings in shares of QUALCOMM by 4.1% during the 3rd quarter. Hixon Zuercher LLC now owns 7,053 shares of the wireless technology company’s stock valued at $1,199,000 after acquiring an additional 277 shares in the last quarter. HMS Capital Management LLC raised its position in QUALCOMM by 1.2% in the third quarter. HMS Capital Management LLC now owns 10,127 shares of the wireless technology company’s stock valued at $1,722,000 after purchasing an additional 121 shares during the period. North Star Investment Management Corp. lifted its stake in shares of QUALCOMM by 1.0% during the third quarter. North Star Investment Management Corp. now owns 41,828 shares of the wireless technology company’s stock worth $7,113,000 after purchasing an additional 397 shares in the last quarter. NorthRock Partners LLC boosted its position in shares of QUALCOMM by 22.6% in the third quarter. NorthRock Partners LLC now owns 6,460 shares of the wireless technology company’s stock worth $1,098,000 after buying an additional 1,191 shares during the period. Finally, W.H. Cornerstone Investments Inc. acquired a new stake in shares of QUALCOMM in the third quarter valued at about $255,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the completion of the transaction, the chief technology officer now directly owns 213,364 shares of the company’s stock, valued at $36,229,207.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total value of $1,358,400.00. Following the sale, the chief technology officer now directly owns 213,364 shares in the company, valued at $36,229,207.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander H. Rogers sold 3,245 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total value of $539,156.75. Following the transaction, the insider now owns 32,231 shares of the company’s stock, valued at $5,355,180.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,146 shares of company stock valued at $2,709,186 in the last quarter. Company insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on QCOM shares. Citigroup decreased their price target on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, October 16th. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Westpark Capital reissued a “hold” rating on shares of QUALCOMM in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lowered their target price on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Robert W. Baird boosted their price target on QUALCOMM from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and a consensus target price of $207.29.

QUALCOMM Price Performance

Shares of QCOM opened at $165.91 on Wednesday. QUALCOMM Incorporated has a 12 month low of $118.38 and a 12 month high of $230.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78. The stock has a fifty day moving average price of $168.53 and a 200 day moving average price of $182.20. The company has a market cap of $184.82 billion, a P/E ratio of 21.49, a PEG ratio of 1.66 and a beta of 1.28.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.05%. QUALCOMM’s dividend payout ratio is currently 44.04%.

About QUALCOMM

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.