Stifel Financial Corp Boosts Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Stifel Financial Corp lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,625,353 shares of the wireless technology company’s stock after acquiring an additional 10,037 shares during the period. Stifel Financial Corp’s holdings in QUALCOMM were worth $276,397,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Quantinno Capital Management LP grew its holdings in QUALCOMM by 40.8% during the 3rd quarter. Quantinno Capital Management LP now owns 144,118 shares of the wireless technology company’s stock worth $24,507,000 after acquiring an additional 41,792 shares in the last quarter. Royal London Asset Management Ltd. lifted its position in shares of QUALCOMM by 2.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 485,500 shares of the wireless technology company’s stock worth $82,559,000 after buying an additional 12,796 shares during the last quarter. Redwood Grove Capital LLC lifted its position in shares of QUALCOMM by 31.3% in the 3rd quarter. Redwood Grove Capital LLC now owns 103,206 shares of the wireless technology company’s stock worth $17,550,000 after buying an additional 24,606 shares during the last quarter. Reynders McVeigh Capital Management LLC lifted its position in QUALCOMM by 31.1% in the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 2,106 shares of the wireless technology company’s stock valued at $358,000 after purchasing an additional 499 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. lifted its position in QUALCOMM by 1.2% in the 3rd quarter. Mission Creek Capital Partners Inc. now owns 23,215 shares of the wireless technology company’s stock valued at $3,948,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a research note on Wednesday, November 20th. KeyCorp cut shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Susquehanna dropped their target price on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, November 20th. Finally, Benchmark reiterated a “buy” rating and set a $240.00 target price on shares of QUALCOMM in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.15.

QUALCOMM Trading Up 0.5 %

NASDAQ QCOM opened at $163.34 on Thursday. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a twelve month low of $128.95 and a twelve month high of $230.63. The firm has a market capitalization of $181.47 billion, a PE ratio of 18.17, a P/E/G ratio of 2.72 and a beta of 1.25. The stock’s 50 day moving average is $166.39 and its 200 day moving average is $180.03.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at approximately $14,570. The trade was a 93.28 % 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, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s 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 completion of the transaction, the general counsel now owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,450 shares of company stock valued at $2,911,306. 0.08% of the stock is currently owned by corporate insiders.

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.