Saturna Capital Corp Sells 7,780 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Saturna Capital Corp lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,253 shares of the wireless technology company’s stock after selling 7,780 shares during the quarter. Saturna Capital Corp’s holdings in QUALCOMM were worth $8,546,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in QCOM. Reston Wealth Management LLC bought a new stake in QUALCOMM during the third quarter valued at about $26,000. HWG Holdings LP acquired a new stake in QUALCOMM in the 2nd quarter valued at approximately $30,000. Financial Connections Group Inc. bought a new position in QUALCOMM in the 2nd quarter worth approximately $32,000. Aspect Partners LLC lifted its holdings in shares of QUALCOMM by 71.8% during the second quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company’s stock worth $35,000 after buying an additional 74 shares during the last quarter. Finally, Accordant Advisory Group Inc bought a new stake in shares of QUALCOMM in the third quarter valued at approximately $36,000. 74.35% of the stock is owned by institutional investors.

Insider Activity

In other news, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Ann C. Chaplin sold 1,901 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction 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 of the company’s stock, valued at approximately $36,229,207.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,146 shares of company stock valued at $2,709,186. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company upped 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. Citigroup cut their price objective on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 16th. Evercore ISI lifted their target price on QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a report on Thursday, November 7th. Finally, UBS Group lifted their price objective on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and a consensus price target of $210.92.

QUALCOMM Trading Down 0.5 %

QCOM opened at $162.63 on Wednesday. QUALCOMM Incorporated has a 1-year low of $125.67 and a 1-year high of $230.63. The firm has a 50-day moving average price of $168.39 and a two-hundred day moving average price of $182.44. The stock has a market capitalization of $180.68 billion, a PE ratio of 18.18, a PEG ratio of 2.01 and a beta of 1.28. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.

QUALCOMM Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.09%. QUALCOMM’s payout ratio is 37.82%.

QUALCOMM Company Profile

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.