Landscape Capital Management L.L.C. Increases Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Landscape Capital Management L.L.C. raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 54.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,273 shares of the wireless technology company's stock after purchasing an additional 7,133 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in QUALCOMM were worth $3,447,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Reston Wealth Management LLC purchased a new position in QUALCOMM during the third quarter valued at $26,000. HWG Holdings LP purchased a new position in QUALCOMM during the 2nd quarter valued at about $30,000. Financial Connections Group Inc. bought a new stake in QUALCOMM during the second quarter worth about $32,000. Planning Capital Management Corp boosted its stake in QUALCOMM by 137.3% during the third 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 in the last quarter. Finally, Aspect Partners LLC grew its holdings in QUALCOMM by 71.8% in the second quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company's stock worth $35,000 after purchasing an additional 74 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Insider Activity at QUALCOMM

In other news, General Counsel Ann C. Chaplin sold 1,901 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the sale, the general counsel now owns 12,007 shares in the company, valued at approximately $1,981,875.42. This trade represents a 13.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the transaction, the chief technology officer now directly owns 213,364 shares of the company's stock, valued at approximately $36,229,207.20. This represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,146 shares of company stock valued at $2,709,186. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on QCOM. Westpark Capital reissued a "hold" rating on shares of QUALCOMM in a report on Tuesday, July 30th. Citigroup dropped their price target on shares of QUALCOMM from $200.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. UBS Group lifted their target price on shares of QUALCOMM from $185.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, Loop Capital assumed coverage on shares of QUALCOMM in a report on Monday, November 11th. They set a "hold" rating and a $180.00 price target on the stock. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $210.15.

QUALCOMM Stock Down 6.3 %

Shares of QCOM opened at $154.27 on Thursday. The business's 50 day simple moving average is $168.23 and its 200-day simple moving average is $181.93. QUALCOMM Incorporated has a 1 year low of $125.67 and a 1 year high of $230.63. 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 stock has a market capitalization of $171.39 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 Dividend Announcement

The firm 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 dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM's dividend payout ratio is 37.82%.

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.

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