Blackhawk Capital Partners LLC. Takes Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Blackhawk Capital Partners LLC. acquired a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,227 shares of the wireless technology company's stock, valued at approximately $1,569,000.

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. increased its stake in QUALCOMM by 1,702.6% in the third quarter. Pacer Advisors Inc. now owns 3,191,342 shares of the wireless technology company's stock valued at $542,688,000 after acquiring an additional 3,014,302 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in QUALCOMM by 0.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 17,112 shares of the wireless technology company's stock valued at $2,910,000 after acquiring an additional 150 shares during the period. LPL Financial LLC increased its stake in QUALCOMM by 10.6% in the third quarter. LPL Financial LLC now owns 1,286,536 shares of the wireless technology company's stock valued at $218,775,000 after acquiring an additional 123,215 shares during the period. Cypress Capital Group increased its stake in QUALCOMM by 1.4% in the third quarter. Cypress Capital Group now owns 22,312 shares of the wireless technology company's stock valued at $3,794,000 after acquiring an additional 313 shares during the period. Finally, Landscape Capital Management L.L.C. increased its stake in QUALCOMM by 54.3% in the third quarter. Landscape Capital Management L.L.C. now owns 20,273 shares of the wireless technology company's stock valued at $3,447,000 after acquiring an additional 7,133 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In other 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 transaction 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. This represents a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the sale, the chief financial officer now directly owns 51,437 shares of the company's stock, valued at $8,535,970.15. This represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,450 shares of company stock valued at $2,911,306 over the last quarter. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on QCOM. Cantor Fitzgerald reissued a "neutral" rating and issued a $160.00 target price on shares of QUALCOMM in a research note on Wednesday. Evercore ISI upped their price objective on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Susquehanna decreased their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a "positive" rating on the stock in a research note on Wednesday. Loop Capital began coverage on shares of QUALCOMM in a research note on Monday, November 11th. They set a "hold" rating and a $180.00 price objective on the stock. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $205.00 price objective (up from $185.00) on shares of QUALCOMM in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and a consensus target price of $210.15.

QUALCOMM Trading Up 0.7 %

QCOM traded up $1.15 during mid-day trading on Thursday, hitting $155.42. The stock had a trading volume of 8,238,514 shares, compared to its average volume of 9,034,746. The stock's fifty day simple moving average is $168.23 and its 200-day simple moving average is $181.93. 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 firm has a market capitalization of $172.67 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 2.77 and a beta of 1.28. QUALCOMM Incorporated has a 1-year low of $125.67 and a 1-year high of $230.63.

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 issued 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 2.19%. QUALCOMM's dividend payout ratio (DPR) is presently 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.