QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 24.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,743 shares of the wireless technology company’s stock after selling 894 shares during the quarter. Valmark Advisers Inc.’s holdings in QUALCOMM were worth $466,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Strategic Blueprint LLC boosted its holdings in QUALCOMM by 14.8% during the third quarter. Strategic Blueprint LLC now owns 5,032 shares of the wireless technology company’s stock worth $856,000 after buying an additional 647 shares in the last quarter. MONECO Advisors LLC boosted its stake in shares of QUALCOMM by 1.8% during the 3rd quarter. MONECO Advisors LLC now owns 3,883 shares of the wireless technology company’s stock worth $660,000 after acquiring an additional 68 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of QUALCOMM by 62.6% in the 3rd quarter. Fortitude Family Office LLC now owns 395 shares of the wireless technology company’s stock worth $67,000 after acquiring an additional 152 shares during the period. Wells Trecaso Financial Group LLC increased its stake in QUALCOMM by 0.5% in the 3rd quarter. Wells Trecaso Financial Group LLC now owns 39,550 shares of the wireless technology company’s stock valued at $6,725,000 after purchasing an additional 209 shares in the last quarter. Finally, Boston Financial Mangement LLC increased its stake in QUALCOMM by 0.6% in the 3rd quarter. Boston Financial Mangement LLC now owns 13,079 shares of the wireless technology company’s stock valued at $2,224,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total value of $1,358,400.00. Following the transaction, the chief technology officer now 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred 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 $8,535,970.15. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the transaction, the chief technology officer now directly owns 213,364 shares in the company, valued at approximately $36,229,207.20. The trade was 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 worth $3,679,407 over the last ninety days. 0.08% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on QCOM. StockNews.com lowered QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. DZ Bank upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a report on Friday, August 2nd. TD Cowen raised shares of QUALCOMM to a “strong-buy” rating in a report on Monday, September 16th. KeyCorp downgraded QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Finally, Cantor Fitzgerald reduced their target price on QUALCOMM from $215.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.92.

QUALCOMM Trading Down 4.8 %

QCOM stock opened at $167.62 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.39 and a debt-to-equity ratio of 0.53. The company has a market cap of $186.73 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.71 and a beta of 1.28. The business has a fifty day simple moving average of $169.06 and a 200-day simple moving average of $182.06. QUALCOMM Incorporated has a 52 week low of $106.69 and a 52 week high of $230.63.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.21. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. The company had revenue of $9.39 billion for the quarter, compared to the consensus estimate of $9.23 billion. On average, equities research analysts expect that QUALCOMM Incorporated will post 8.02 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.03%. QUALCOMM’s dividend payout ratio (DPR) is 44.04%.

QUALCOMM 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.