Alpha DNA Investment Management LLC Purchases 6,813 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Alpha DNA Investment Management LLC boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 112.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,858 shares of the wireless technology company's stock after acquiring an additional 6,813 shares during the quarter. QUALCOMM accounts for about 0.8% of Alpha DNA Investment Management LLC's investment portfolio, making the stock its 17th largest holding. Alpha DNA Investment Management LLC's holdings in QUALCOMM were worth $2,187,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of QUALCOMM by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 10,036,779 shares of the wireless technology company's stock worth $1,999,114,000 after purchasing an additional 86,195 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of QUALCOMM by 30.2% during the 3rd quarter. Van ECK Associates Corp now owns 7,506,863 shares of the wireless technology company's stock worth $1,250,644,000 after purchasing an additional 1,741,432 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of QUALCOMM by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,642,986 shares of the wireless technology company's stock valued at $1,129,640,000 after acquiring an additional 52,897 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of QUALCOMM by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,875,418 shares of the wireless technology company's stock valued at $970,951,000 after acquiring an additional 173,673 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of QUALCOMM by 0.3% in the 3rd quarter. Swiss National Bank now owns 3,312,400 shares of the wireless technology company's stock valued at $563,274,000 after acquiring an additional 8,300 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at QUALCOMM

In related news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares of the company's stock, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO James H. Thompson sold 8,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief technology officer now directly owns 213,364 shares of the company's stock, valued at approximately $36,229,207.20. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,450 shares of company stock worth $2,911,306. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

QCOM stock traded up $1.33 during trading on Friday, hitting $156.79. The company had a trading volume of 5,709,268 shares, compared to its average volume of 9,249,130. The company has a fifty day moving average price of $167.82 and a two-hundred day moving average price of $181.59. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a fifty-two week low of $125.67 and a fifty-two week high of $230.63. The company has a market cap of $174.19 billion, a P/E ratio of 17.44, a P/E/G ratio of 2.61 and a beta of 1.28.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 annualized dividend and a yield of 2.17%. QUALCOMM's payout ratio is 37.82%.

Analyst Ratings Changes

A number of research analysts recently weighed in on QCOM shares. JPMorgan Chase & Co. cut their price objective on QUALCOMM from $210.00 to $195.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Loop Capital started coverage on QUALCOMM in a research note on Monday, November 11th. They issued a "hold" rating and a $180.00 price objective on the stock. Wolfe Research lowered QUALCOMM from an "outperform" rating to a "peer perform" rating in a report on Monday, August 12th. Rosenblatt Securities raised their target price on QUALCOMM from $240.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $160.00 target price on shares of QUALCOMM in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and an average price target 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.