QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 44.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 770 shares of the wireless technology company’s stock after selling 610 shares during the period. Mizuho Securities Co. Ltd.’s holdings in QUALCOMM were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. D Orazio & Associates Inc. lifted its stake in shares of QUALCOMM by 35.2% in the 3rd quarter. D Orazio & Associates Inc. now owns 2,883 shares of the wireless technology company’s stock worth $490,000 after acquiring an additional 750 shares during the period. Schrum Private Wealth Management LLC lifted its stake in shares of QUALCOMM by 60.1% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 2,496 shares of the wireless technology company’s stock worth $424,000 after acquiring an additional 937 shares during the period. ICICI Prudential Asset Management Co Ltd lifted its stake in shares of QUALCOMM by 18.6% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 14,542 shares of the wireless technology company’s stock worth $2,473,000 after acquiring an additional 2,283 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in QUALCOMM by 124.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 92,544 shares of the wireless technology company’s stock valued at $15,737,000 after purchasing an additional 51,396 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its stake in QUALCOMM by 2.3% during the third quarter. Pinnacle Financial Partners Inc now owns 176,484 shares of the wireless technology company’s stock valued at $30,011,000 after purchasing an additional 3,942 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Stock Down 1.8 %

QCOM stock traded down $2.88 during trading hours on Wednesday, hitting $160.53. The company’s stock had a trading volume of 2,441,220 shares, compared to its average volume of 9,002,124. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $178.35 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 2.75 and a beta of 1.28. QUALCOMM Incorporated has a 12 month low of $125.67 and a 12 month high of $230.63. The stock has a 50 day moving average price of $168.39 and a two-hundred day moving average price of $182.44.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s dividend payout ratio is 37.82%.

Insiders Place Their Bets

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the sale, the general counsel now directly owns 12,007 shares of the company’s stock, valued at $1,981,875.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total transaction of $497,850.00. Following the completion of the sale, the chief financial officer now directly owns 51,437 shares of the company’s stock, valued at approximately $8,535,970.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the sale, the general counsel now directly owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,146 shares of company stock valued at $2,709,186 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on QCOM shares. Wolfe Research lowered shares of QUALCOMM from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Citigroup cut their target price on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Wells Fargo & Company increased their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Rosenblatt Securities increased their target price on shares of QUALCOMM from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $160.00 target price on shares of QUALCOMM in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM presently has an average rating of “Moderate Buy” and an average target price of $210.92.

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.