Banco Santander S.A. Has $31.97 Million Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Banco Santander S.A. reduced its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 188,012 shares of the wireless technology company's stock after selling 7,814 shares during the quarter. Banco Santander S.A.'s holdings in QUALCOMM were worth $31,971,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in QCOM. CreativeOne Wealth LLC increased its holdings in shares of QUALCOMM by 52.6% during the 1st quarter. CreativeOne Wealth LLC now owns 5,652 shares of the wireless technology company's stock worth $957,000 after purchasing an additional 1,949 shares during the period. Capital International Inc. CA boosted its holdings in shares of QUALCOMM by 13.7% in the 1st quarter. Capital International Inc. CA now owns 24,474 shares of the wireless technology company's stock worth $4,143,000 after acquiring an additional 2,942 shares in the last quarter. Stonebridge Capital Advisors LLC increased its stake in shares of QUALCOMM by 3.6% in the first quarter. Stonebridge Capital Advisors LLC now owns 129,439 shares of the wireless technology company's stock valued at $21,914,000 after buying an additional 4,490 shares in the last quarter. Matrix Capital Management Company LP bought a new position in shares of QUALCOMM in the first quarter worth about $1,171,516,000. Finally, Hhlr Advisors LTD. acquired a new position in shares of QUALCOMM during the first quarter worth approximately $508,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on QCOM. UBS Group raised their price target on shares of QUALCOMM from $185.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Susquehanna lowered their target price on QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday. DZ Bank raised QUALCOMM from a "hold" rating to a "buy" rating and set a $210.00 price target on the stock in a research note on Friday, August 2nd. Cantor Fitzgerald reiterated a "neutral" rating and issued a $160.00 price objective on shares of QUALCOMM in a research report on Wednesday. Finally, Westpark Capital restated a "hold" rating on shares of QUALCOMM in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $210.15.

QUALCOMM Stock Up 0.7 %

Shares of NASDAQ:QCOM traded up $1.15 during midday trading on Thursday, reaching $155.42. 8,238,514 shares of the company were exchanged, compared to its average volume of 9,034,746. The firm has a market cap of $172.67 billion, a PE ratio of 17.29, a P/E/G ratio of 2.77 and a beta of 1.28. 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 fifty-two week low of $125.67 and a fifty-two week high of $230.63. The stock has a fifty day simple moving average of $168.04 and a two-hundred day simple moving average of $181.75.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given 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 2.19%. QUALCOMM's dividend payout ratio is currently 37.82%.

Insider Buying and Selling

In related news, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alexander H. Rogers sold 3,245 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total value of $539,156.75. Following the transaction, the insider now directly owns 32,231 shares in the company, valued at $5,355,180.65. This trade represents a 9.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,450 shares of company stock worth $2,911,306. 0.08% of the stock is 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.