Cerity Partners LLC Boosts Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Cerity Partners LLC boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 25.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 530,923 shares of the wireless technology company's stock after buying an additional 106,561 shares during the period. Cerity Partners LLC's holdings in QUALCOMM were worth $90,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pine Haven Investment Counsel Inc grew its stake in QUALCOMM by 2.5% in the second quarter. Pine Haven Investment Counsel Inc now owns 2,059 shares of the wireless technology company's stock worth $410,000 after purchasing an additional 50 shares in the last quarter. Buffington Mohr McNeal increased its stake in shares of QUALCOMM by 3.9% during the second quarter. Buffington Mohr McNeal now owns 1,401 shares of the wireless technology company's stock valued at $279,000 after buying an additional 53 shares during the period. TRUE Private Wealth Advisors lifted its stake in QUALCOMM by 2.2% in the second quarter. TRUE Private Wealth Advisors now owns 2,638 shares of the wireless technology company's stock worth $525,000 after acquiring an additional 57 shares during the period. Macroview Investment Management LLC grew its holdings in QUALCOMM by 10.5% during the 2nd quarter. Macroview Investment Management LLC now owns 600 shares of the wireless technology company's stock worth $119,000 after acquiring an additional 57 shares in the last quarter. Finally, McClarren Financial Advisors Inc. increased its holdings in QUALCOMM by 43.2% during the second quarter. McClarren Financial Advisors Inc. now owns 199 shares of the wireless technology company's stock valued at $40,000 after buying an additional 60 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Westpark Capital restated a "hold" rating on shares of QUALCOMM in a research note on Tuesday, July 30th. Wells Fargo & Company boosted their price target on QUALCOMM from $170.00 to $175.00 and gave the stock an "underweight" rating in a research note on Thursday, November 7th. Citigroup decreased their price objective 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. Sanford C. Bernstein boosted their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Wolfe Research downgraded shares of QUALCOMM from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, QUALCOMM presently has an average rating of "Moderate Buy" and a consensus target price of $210.15.

QUALCOMM Price Performance

Shares of QUALCOMM stock traded up $1.33 during trading hours on Friday, reaching $156.79. 5,709,268 shares of the company's stock were exchanged, compared to its average volume of 9,249,130. The business has a fifty day moving average of $167.82 and a two-hundred day moving average of $181.57. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $174.19 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 2.61 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 Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Thursday, December 5th. QUALCOMM's dividend payout ratio (DPR) is presently 37.82%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the firm's stock in a transaction 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 sale, the chief accounting officer now owns 94 shares of the company's stock, valued at $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total value of $1,358,400.00. Following the sale, the chief technology officer now directly owns 213,364 shares of the company's stock, valued at $36,229,207.20. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,450 shares of company stock worth $2,911,306 in the last quarter. Company insiders own 0.08% of the company's stock.

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.