QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 20.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,944 shares of the wireless technology company's stock after selling 13,661 shares during the quarter. Advisors Asset Management Inc.'s holdings in QUALCOMM were worth $9,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. HWG Holdings LP purchased a new stake in shares of QUALCOMM in the 2nd quarter worth $30,000. Reston Wealth Management LLC purchased a new stake in shares of QUALCOMM in the 3rd quarter worth $26,000. Financial Connections Group Inc. bought a new position in shares of QUALCOMM in the 2nd quarter worth $32,000. Aspect Partners LLC lifted its stake in shares of QUALCOMM by 71.8% during the 2nd quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company's stock worth $35,000 after purchasing an additional 74 shares during the last quarter. Finally, Planning Capital Management Corp boosted its position in QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock valued at $34,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wolfe Research lowered shares of QUALCOMM from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. Morgan Stanley decreased their price target on QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating for the company in a research note on Thursday, November 7th. Cantor Fitzgerald restated a "neutral" rating and set a $160.00 price target on shares of QUALCOMM in a research note on Wednesday. TD Cowen raised shares of QUALCOMM to a "strong-buy" rating in a research report on Monday, September 16th. Finally, Sanford C. Bernstein upped their price target on shares of QUALCOMM from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. One 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $210.15.

QUALCOMM Stock Up 0.3 %

Shares of QCOM stock traded up $0.47 during trading on Thursday, reaching $154.74. The company's stock had a trading volume of 3,205,940 shares, compared to its average volume of 9,001,681. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The company has a market capitalization of $171.92 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 2.77 and a beta of 1.28. The stock's 50-day moving average price is $168.23 and its 200 day moving average price is $181.93. QUALCOMM Incorporated has a 1-year low of $125.67 and a 1-year high of $230.63.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM's dividend payout ratio (DPR) is presently 37.82%.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the company'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 transaction, the chief financial officer now owns 51,437 shares in the company, valued at approximately $8,535,970.15. This represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the company's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction 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 approximately $1,981,875.42. The trade was a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,146 shares of company stock worth $2,709,186 in the last 90 days. Corporate insiders own 0.08% of the company's stock.

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.