First Business Financial Services Inc. Has $1.67 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

First Business Financial Services Inc. reduced its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,791 shares of the wireless technology company’s stock after selling 176 shares during the period. First Business Financial Services Inc.’s holdings in QUALCOMM were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in QCOM. King Wealth Management Group boosted its stake in QUALCOMM by 9.1% in the third quarter. King Wealth Management Group now owns 1,933 shares of the wireless technology company’s stock valued at $329,000 after buying an additional 162 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of QUALCOMM by 7.9% in the 3rd quarter. CIBC Asset Management Inc now owns 385,293 shares of the wireless technology company’s stock valued at $65,519,000 after acquiring an additional 28,059 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its stake in QUALCOMM by 20.9% in the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 202,543 shares of the wireless technology company’s stock valued at $34,442,000 after acquiring an additional 35,000 shares during the period. Intellectus Partners LLC grew its stake in QUALCOMM by 11.4% in the third quarter. Intellectus Partners LLC now owns 18,470 shares of the wireless technology company’s stock valued at $3,141,000 after acquiring an additional 1,891 shares during the period. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of QUALCOMM by 1.1% during the third quarter. OneDigital Investment Advisors LLC now owns 100,997 shares of the wireless technology company’s stock valued at $17,175,000 after acquiring an additional 1,098 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $163.97 on Friday. The stock has a fifty day moving average of $168.29 and a 200-day moving average of $182.29. The stock has a market cap of $182.17 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 2.70 and a beta of 1.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. QUALCOMM Incorporated has a fifty-two week low of $125.67 and a fifty-two week high of $230.63.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend yield of 2.07%. QUALCOMM’s dividend payout ratio (DPR) is currently 37.82%.

Insider Transactions at QUALCOMM

In related news, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the transaction, the general counsel now directly owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This trade represents a 13.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the transaction, the chief financial officer now directly owns 51,437 shares in the company, valued at $8,535,970.15. This trade represents a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,146 shares of company stock valued at $2,709,186. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

QCOM has been the subject of several research reports. Cantor Fitzgerald reissued a “neutral” rating and issued a $160.00 price target on shares of QUALCOMM in a research report on Thursday, November 7th. TD Cowen upgraded shares of QUALCOMM to a “strong-buy” rating in a report on Monday, September 16th. Wolfe Research downgraded shares of QUALCOMM from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. KeyCorp downgraded QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Finally, Robert W. Baird increased their price objective on QUALCOMM from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $210.92.

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.