QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 16.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 755,105 shares of the wireless technology company's stock after selling 154,023 shares during the quarter. Janus Henderson Group PLC owned approximately 0.07% of QUALCOMM worth $128,395,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new stake in shares of QUALCOMM during the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC purchased a new stake in shares of QUALCOMM during the 3rd quarter worth approximately $26,000. Financial Connections Group Inc. purchased a new stake in shares of QUALCOMM during the 2nd quarter worth approximately $32,000. Aspect Partners LLC lifted its position in shares of QUALCOMM by 71.8% during the 2nd quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company's stock worth $35,000 after buying an additional 74 shares during the last quarter. Finally, Planning Capital Management Corp lifted its position in shares of 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 buying an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a research report on Thursday, November 7th. Benchmark reiterated a "buy" rating and issued a $240.00 price target on shares of QUALCOMM in a research report on Thursday, November 7th. Citigroup reduced 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. Finally, StockNews.com downgraded shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $210.15.

QUALCOMM Trading Down 1.8 %

Shares of QUALCOMM stock traded down $2.95 during mid-day trading on Thursday, hitting $160.39. 7,273,028 shares of the stock were exchanged, compared to its average volume of 8,976,454. The stock has a market capitalization of $178.19 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 2.72 and a beta of 1.25. The company has a 50-day simple moving average of $166.15 and a 200 day simple moving average of $179.89. QUALCOMM Incorporated has a twelve month low of $129.66 and a twelve month high of $230.63. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.12%. QUALCOMM's dividend payout ratio is currently 37.82%.

Insider Activity

In related news, 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 completion of the sale, the chief technology officer now owns 213,364 shares in the company, valued at approximately $36,229,207.20. The trade was a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM 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 approximately $14,570. This trade represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,450 shares of company stock worth $2,911,306 over the last 90 days. 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.