QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Lifted by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 11.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,539 shares of the wireless technology company's stock after acquiring an additional 3,657 shares during the period. Great Valley Advisor Group Inc.'s holdings in QUALCOMM were worth $6,043,000 at the end of the most recent quarter.

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

QUALCOMM Stock Performance

Shares of QCOM traded up $1.33 during mid-day trading on Friday, hitting $156.79. The stock had a trading volume of 5,709,268 shares, compared to its average volume of 9,249,130. The company has a market cap of $174.19 billion, a PE ratio of 17.44, a PEG ratio of 2.61 and a beta of 1.28. The company's fifty day simple moving average is $167.82 and its two-hundred day simple moving average is $181.58. 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.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.17%. QUALCOMM's payout ratio is 37.82%.

Analyst Upgrades and Downgrades

QCOM has been the topic of several recent analyst reports. Barclays increased their price objective on shares of QUALCOMM from $185.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. StockNews.com cut shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 2nd. KeyCorp lowered QUALCOMM from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. Cantor Fitzgerald reissued a "neutral" rating and set a $160.00 price target on shares of QUALCOMM in a research report on Wednesday. Finally, Wolfe Research downgraded QUALCOMM from an "outperform" rating to a "peer perform" rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, QUALCOMM has a consensus rating of "Moderate Buy" and a consensus price target of $210.15.

Insider Transactions at QUALCOMM

In related news, CAO Neil Martin sold 1,304 shares of the business's 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 owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction on Tuesday, October 1st. The shares were 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 in the company, valued at $36,229,207.20. The trade was a 3.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,450 shares of company stock worth $2,911,306. 0.08% of the stock is currently owned by corporate insiders.

About QUALCOMM

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.