Qualcomm Incorporated $QCOM Shares Bought by Integrity Alliance LLC.

Integrity Alliance LLC. increased its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 34.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,595 shares of the wireless technology company’s stock after purchasing an additional 2,976 shares during the period. Integrity Alliance LLC.’s holdings in Qualcomm were worth $2,134,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of QCOM. Spectrum Wealth Advisory Group LLC raised its position in Qualcomm by 518.2% during the third quarter. Spectrum Wealth Advisory Group LLC now owns 1,428 shares of the wireless technology company’s stock valued at $263,000 after purchasing an additional 1,197 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Qualcomm by 1.3% during the third quarter. Oregon Public Employees Retirement Fund now owns 131,294 shares of the wireless technology company’s stock worth $24,163,000 after purchasing an additional 1,685 shares during the last quarter. Summa Corp. lifted its stake in Qualcomm by 6.0% during the third quarter. Summa Corp. now owns 37,100 shares of the wireless technology company’s stock worth $6,828,000 after purchasing an additional 2,100 shares during the last quarter. First Nebraska Trust Co acquired a new stake in shares of Qualcomm in the 3rd quarter valued at $24,860,000. Finally, IPG Investment Advisors LLC boosted its holdings in shares of Qualcomm by 140.8% in the 3rd quarter. IPG Investment Advisors LLC now owns 11,003 shares of the wireless technology company’s stock valued at $2,025,000 after purchasing an additional 6,434 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: SpaceX selected Qualcomm’s Dragonwing platforms for Starlink Mobile’s U.S. terrestrial 5G network under a multiyear agreement. Qualcomm called it its largest 5G initiative to date, creating an opportunity to expand beyond phones. SpaceX deal
• Positive Sentiment: Fiscal Q4 adjusted EPS of $2.17 slightly exceeded the $2.16 consensus, while revenue also topped estimates. Q4 results
• Negative Sentiment: Investors reacted to muted earnings guidance, with a memory shortage weighing on smartphone sales. Handset revenue dropped 26%, dragging down overall results; total revenue fell about 8% year over year and EPS declined from $3.00 a year earlier. Earnings outlook and handset weakness
• Negative Sentiment: Automotive revenue grew 90%, but the business remains too small to offset the handset slowdown, leaving near-term growth and profitability under pressure. Phone chip sales analysis

Insider Buying and Selling

In other news, EVP Ann C. Chaplin sold 1,827 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $174.75, for a total value of $319,268.25. Following the completion of the sale, the executive vice president owned 25,770 shares of the company’s stock, valued at approximately $4,503,307.50. This represents a 6.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the chief executive officer owned 177,568 shares of the company’s stock, valued at $35,513,600. This trade represents a 5.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 30,258 shares of company stock valued at $5,727,616 over the last 90 days. 0.05% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

QCOM has been the topic of several recent analyst reports. Zacks Research lowered Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 15th. Arete Research upgraded Qualcomm to a “strong-buy” rating in a research report on Friday, October 16th. Royal Bank Of Canada raised their price objective on Qualcomm from $160.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 9th. Evercore set a $159.00 target price on Qualcomm in a research report on Thursday, July 30th. Finally, Morgan Stanley decreased their target price on Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $205.48.

Qualcomm Price Performance

QCOM stock opened at $173.19 on Thursday. The company has a market capitalization of $184.94 billion, a P/E ratio of 20.05, a PEG ratio of 3.70 and a beta of 1.70. The company has a fifty day moving average price of $178.23 and a 200-day moving average price of $169.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.01. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.12 billion. During the same quarter in the previous year, the firm posted $3.00 earnings per share. Qualcomm’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities analysts expect that Qualcomm Incorporated will post 7.71 EPS for the current year.

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm’s payout ratio is presently 42.59%.

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.