QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Ascent Group LLC

Ascent Group LLC grew its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 241.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,665 shares of the wireless technology company's stock after buying an additional 6,836 shares during the period. Ascent Group LLC's holdings in QUALCOMM were worth $1,644,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of QCOM. Park Avenue Securities LLC boosted its stake in shares of QUALCOMM by 29.2% in the 2nd quarter. Park Avenue Securities LLC now owns 33,245 shares of the wireless technology company's stock worth $6,622,000 after buying an additional 7,522 shares during the last quarter. CWM LLC increased its position in QUALCOMM by 24.1% during the 2nd quarter. CWM LLC now owns 121,145 shares of the wireless technology company's stock valued at $24,130,000 after purchasing an additional 23,547 shares during the period. Thomasville National Bank grew its stake in QUALCOMM by 16.1% in the second quarter. Thomasville National Bank now owns 1,695 shares of the wireless technology company's stock worth $338,000 after purchasing an additional 235 shares during the period. Cullinan Associates Inc. increased its position in QUALCOMM by 16.2% during the 2nd quarter. Cullinan Associates Inc. now owns 18,178 shares of the wireless technology company's stock valued at $3,621,000 after buying an additional 2,541 shares in the last quarter. Finally, RDA Financial Network grew its holdings in shares of QUALCOMM by 4.7% during the second quarter. RDA Financial Network now owns 6,232 shares of the wireless technology company's stock valued at $1,241,000 after buying an additional 282 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 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 $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander H. Rogers sold 3,245 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total transaction of $539,156.75. Following the completion of the sale, the insider now directly owns 32,231 shares of the company's stock, valued at $5,355,180.65. This represents a 9.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,450 shares of company stock valued at $2,911,306. Company insiders own 0.08% of the company's stock.

QUALCOMM Price Performance

Shares of QCOM traded down $0.60 during trading hours on Tuesday, reaching $162.43. The stock had a trading volume of 3,085,142 shares, compared to its average volume of 8,976,086. QUALCOMM Incorporated has a 12 month low of $128.03 and a 12 month high of $230.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The company's 50-day moving average is $166.64 and its two-hundred day moving average is $180.58. The stock has a market capitalization of $180.46 billion, a PE ratio of 18.13, a PEG ratio of 2.67 and a beta of 1.25.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.09%. QUALCOMM's payout ratio is presently 37.82%.

Analyst Ratings Changes

QCOM has been the topic of several recent analyst reports. KeyCorp downgraded shares of QUALCOMM from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. Wolfe Research downgraded shares of QUALCOMM from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. TD Cowen raised shares of QUALCOMM to a "strong-buy" rating in a research note on Monday, September 16th. Morgan Stanley lowered their price objective on shares of QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating for the company in a research note on Thursday, November 7th. Finally, Sanford C. Bernstein lifted their target price on QUALCOMM from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. One equities research 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $210.15.

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.