QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Algert Global LLC

Algert Global LLC boosted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1,748.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,944 shares of the wireless technology company's stock after acquiring an additional 32,108 shares during the quarter. Algert Global LLC's holdings in QUALCOMM were worth $5,772,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of QCOM. Reston Wealth Management LLC purchased a new stake in QUALCOMM during the 3rd quarter worth about $26,000. HWG Holdings LP purchased a new stake in QUALCOMM during the 2nd quarter worth about $30,000. Financial Connections Group Inc. purchased a new stake in shares of QUALCOMM during the 2nd quarter worth approximately $32,000. Planning Capital Management Corp raised its stake in QUALCOMM by 137.3% during the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock worth $34,000 after acquiring an additional 114 shares in the last quarter. Finally, Aspect Partners LLC lifted its position in QUALCOMM by 71.8% in the second quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company's stock valued at $35,000 after acquiring an additional 74 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Trading Up 0.9 %

NASDAQ:QCOM traded up $1.33 on Friday, reaching $156.79. The stock had a trading volume of 5,709,268 shares, compared to its average volume of 9,249,130. 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 cap of $174.19 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 2.61 and a beta of 1.28. The firm's fifty day moving average is $167.82 and its two-hundred day moving average is $181.58. QUALCOMM Incorporated has a 12-month low of $125.67 and a 12-month high of $230.63.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.17%. QUALCOMM's payout ratio is currently 37.82%.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm'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 transaction, the chief financial officer now owns 51,437 shares of the company's stock, valued at approximately $8,535,970.15. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares of the company's stock, valued at approximately $14,570. This represents a 93.28 % decrease in their ownership of the stock. 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. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on QCOM. Loop Capital started coverage on QUALCOMM in a report on Monday, November 11th. They issued a "hold" rating and a $180.00 price objective for the company. Morgan Stanley dropped their price target on QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating on the stock in a research report on Thursday, November 7th. KeyCorp cut QUALCOMM from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. Westpark Capital restated a "hold" rating on shares of QUALCOMM in a research note on Tuesday, July 30th. Finally, TD Cowen upgraded shares of QUALCOMM to a "strong-buy" rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $210.15.

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.