QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Strategic Investment Solutions Inc. IL

Strategic Investment Solutions Inc. IL trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 18.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 449 shares of the wireless technology company’s stock after selling 100 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in QUALCOMM were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Court Place Advisors LLC lifted its holdings in QUALCOMM by 14.3% in the 3rd quarter. Court Place Advisors LLC now owns 13,284 shares of the wireless technology company’s stock valued at $2,259,000 after acquiring an additional 1,666 shares during the last quarter. Cullinan Associates Inc. lifted its holdings in QUALCOMM by 10.1% in the 3rd quarter. Cullinan Associates Inc. now owns 20,012 shares of the wireless technology company’s stock valued at $3,361,000 after acquiring an additional 1,834 shares during the last quarter. Ballentine Partners LLC lifted its stake in QUALCOMM by 3.3% during the third quarter. Ballentine Partners LLC now owns 25,662 shares of the wireless technology company’s stock valued at $4,364,000 after buying an additional 824 shares in the last quarter. Garrison Point Advisors LLC lifted its stake in QUALCOMM by 2.3% during the third quarter. Garrison Point Advisors LLC now owns 6,760 shares of the wireless technology company’s stock valued at $1,150,000 after buying an additional 150 shares in the last quarter. Finally, Busey Bank lifted its stake in QUALCOMM by 2.3% during the third quarter. Busey Bank now owns 155,336 shares of the wireless technology company’s stock valued at $26,415,000 after buying an additional 3,534 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $160.50, for a total value of $1,284,000.00. Following the completion of the transaction, the chief technology officer now directly owns 229,987 shares of the company’s stock, valued at $36,912,913.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $160.50, for a total transaction of $1,284,000.00. Following the completion of the transaction, the chief technology officer now directly owns 229,987 shares in the company, valued at $36,912,913.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total value of $497,850.00. Following the completion of the sale, 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,245 shares of company stock valued at $3,679,407 over the last ninety days. 0.08% of the stock is owned by company insiders.

QUALCOMM Stock Performance

Shares of QCOM traded up $4.33 during mid-day trading on Friday, hitting $172.43. The company’s stock had a trading volume of 1,223,462 shares, compared to its average volume of 8,975,299. QUALCOMM Incorporated has a one year low of $104.33 and a one year high of $230.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.78 and a current ratio of 2.39. The firm has a market capitalization of $192.09 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.74 and a beta of 1.28. The stock’s 50-day moving average is $169.30 and its two-hundred day moving average is $182.15.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.21. The company had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.23 billion. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. As a group, sell-side analysts anticipate that QUALCOMM Incorporated will post 8.02 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.85 dividend. The ex-dividend date is Thursday, December 5th. This represents a $3.40 annualized dividend and a yield of 1.97%. QUALCOMM’s dividend payout ratio (DPR) is currently 44.04%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on QCOM shares. DZ Bank raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Friday, August 2nd. Barclays upped their price objective on shares of QUALCOMM from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. HSBC downgraded QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a report on Wednesday, July 17th. Piper Sandler reiterated an “overweight” rating and issued a $205.00 target price (up previously from $185.00) on shares of QUALCOMM in a report on Thursday, August 1st. Finally, KeyCorp downgraded QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus target price of $207.92.

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.