QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Nwam LLC

Nwam LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,509 shares of the wireless technology company’s stock after selling 249 shares during the quarter. Nwam LLC’s holdings in QUALCOMM were worth $4,168,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. CreativeOne Wealth LLC raised its holdings in shares of QUALCOMM by 52.6% in the 1st quarter. CreativeOne Wealth LLC now owns 5,652 shares of the wireless technology company’s stock worth $957,000 after purchasing an additional 1,949 shares in the last quarter. 1832 Asset Management L.P. raised its stake in QUALCOMM by 13.2% during the 1st quarter. 1832 Asset Management L.P. now owns 14,862 shares of the wireless technology company’s stock valued at $2,516,000 after purchasing an additional 1,729 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of QUALCOMM during the 1st quarter valued at about $336,000. Epoch Investment Partners Inc. boosted its holdings in QUALCOMM by 20.5% during the first quarter. Epoch Investment Partners Inc. now owns 1,027,398 shares of the wireless technology company’s stock valued at $173,938,000 after purchasing an additional 174,700 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of QUALCOMM by 8.0% during the 1st quarter. Kestra Advisory Services LLC now owns 109,796 shares of the wireless technology company’s stock worth $18,588,000 after buying an additional 8,097 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Down 0.7 %

Shares of QUALCOMM stock opened at $154.31 on Friday. QUALCOMM Incorporated has a 1 year low of $125.67 and a 1 year high of $230.63. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $171.44 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 2.77 and a beta of 1.28. The firm’s 50 day moving average is $168.04 and its 200 day moving average is $181.75.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s payout ratio is presently 37.82%.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total value of $497,850.00. Following the transaction, the chief financial officer now owns 51,437 shares of the company’s stock, valued at approximately $8,535,970.15. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander H. Rogers sold 3,245 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total transaction of $539,156.75. Following the transaction, the insider now directly owns 32,231 shares in the company, valued at $5,355,180.65. The trade was a 9.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,450 shares of company stock worth $2,911,306. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. KeyCorp downgraded QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Sanford C. Bernstein upped their price target on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wolfe Research downgraded shares of QUALCOMM from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Susquehanna lowered their price target on QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday. Finally, Loop Capital started coverage on shares of QUALCOMM in a research report on Monday, November 11th. They set a “hold” rating and a $180.00 price objective for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $210.15.

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.