BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $90.86 Million Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 45.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 534,301 shares of the wireless technology company's stock after selling 442,015 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in QUALCOMM were worth $90,858,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC acquired a new position in QUALCOMM in the 3rd quarter valued at $26,000. HWG Holdings LP acquired a new stake in QUALCOMM during the second quarter worth about $30,000. Financial Connections Group Inc. bought a new stake in shares of QUALCOMM in the 2nd quarter worth approximately $32,000. Planning Capital Management Corp lifted its position in shares of QUALCOMM by 137.3% in 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 during the period. Finally, Aspect Partners LLC increased its position in shares of QUALCOMM by 71.8% during the second quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company's stock valued at $35,000 after purchasing an additional 74 shares during the period. Institutional investors own 74.35% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Ann C. Chaplin sold 1,901 shares of the company's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the sale, the general counsel now owns 12,007 shares in the company, valued at approximately $1,981,875.42. This represents a 13.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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. Insiders sold a total of 16,146 shares of company stock valued at $2,709,186 in the last quarter. 0.08% of the stock is currently owned by insiders.

QUALCOMM Trading Down 6.3 %

QCOM opened at $154.27 on Thursday. The firm's fifty day simple moving average is $168.23 and its 200 day simple moving average is $181.93. The stock has a market capitalization of $171.39 billion, a P/E ratio of 17.16, a P/E/G ratio of 2.77 and a beta of 1.28. 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 12 month low of $125.67 and a 12 month high of $230.63.

QUALCOMM Dividend Announcement

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. This represents a $3.40 annualized dividend and a yield of 2.20%. The ex-dividend date is Thursday, December 5th. QUALCOMM's payout ratio is 37.82%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. TD Cowen upgraded shares of QUALCOMM to a "strong-buy" rating in a research note on Monday, September 16th. DZ Bank upgraded shares of QUALCOMM from a "hold" rating to a "buy" rating and set a $210.00 target price on the stock in a research report on Friday, August 2nd. Citigroup dropped their price target on shares of QUALCOMM from $200.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, October 16th. Rosenblatt Securities upped their price objective on QUALCOMM from $240.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Finally, KeyCorp lowered QUALCOMM from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.

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