Bard Financial Services Inc. Has $4.06 Million Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Bard Financial Services Inc. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 31.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,875 shares of the wireless technology company's stock after selling 10,930 shares during the quarter. Bard Financial Services Inc.'s holdings in QUALCOMM were worth $4,060,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Reston Wealth Management LLC acquired a new stake in QUALCOMM in the 3rd quarter valued at $26,000. HWG Holdings LP acquired a new stake in shares of QUALCOMM in the second quarter valued at about $30,000. Financial Connections Group Inc. purchased a new stake in shares of QUALCOMM during the 2nd quarter valued at about $32,000. Planning Capital Management Corp lifted its position 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, Accordant Advisory Group Inc acquired a new position in QUALCOMM during the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, 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 directly owns 94 shares of the company's stock, valued at $14,570. This represents a 93.28 % decrease in their position. 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 company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the transaction, the chief technology officer now directly owns 213,364 shares of the company's stock, valued at $36,229,207.20. This represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,540 shares of company stock valued at $6,300,999 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on QCOM. Melius Research assumed coverage on shares of QUALCOMM in a research note on Monday. They set a "hold" rating and a $180.00 price objective on the stock. StockNews.com cut shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, October 2nd. Susquehanna dropped their target price on QUALCOMM from $230.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, November 20th. TD Cowen upgraded QUALCOMM to a "strong-buy" rating in a research note on Monday, September 16th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $160.00 target price on shares of QUALCOMM in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $208.00.

QUALCOMM Price Performance

Shares of NASDAQ QCOM traded up $3.37 during mid-day trading on Wednesday, reaching $159.83. The company had a trading volume of 7,079,337 shares, compared to its average volume of 8,973,366. 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 1-year low of $134.94 and a 1-year high of $230.63. The stock has a market cap of $177.57 billion, a PE ratio of 17.69, a P/E/G ratio of 2.67 and a beta of 1.25. The company has a 50-day moving average price of $165.56 and a two-hundred day moving average price of $178.65.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM's dividend payout ratio is currently 37.82%.

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.