Lingohr Asset Management GmbH Takes $713,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Lingohr Asset Management GmbH acquired a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,190 shares of the wireless technology company's stock, valued at approximately $713,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Reston Wealth Management LLC bought a new position in QUALCOMM in the 3rd quarter valued at $26,000. HWG Holdings LP bought a new position in shares of QUALCOMM in the 2nd quarter worth $30,000. Financial Connections Group Inc. acquired a new stake in shares of QUALCOMM during the second quarter worth $32,000. Planning Capital Management Corp increased its holdings in QUALCOMM by 137.3% in the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock valued at $34,000 after purchasing an additional 114 shares during the last quarter. Finally, Aspect Partners LLC increased its stake in shares of QUALCOMM by 71.8% in the 2nd quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company's stock valued at $35,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on QCOM shares. Rosenblatt Securities lifted their target price on QUALCOMM from $240.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Robert W. Baird upped their price target on shares of QUALCOMM from $200.00 to $250.00 and gave the company an "outperform" rating in a research note on Tuesday, July 23rd. TD Cowen upgraded shares of QUALCOMM to a "strong-buy" rating in a research report on Monday, September 16th. Evercore ISI raised their price objective on QUALCOMM from $190.00 to $199.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Finally, Barclays upped their target price on QUALCOMM from $185.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have issued a buy rating and one has given 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 an average price target of $210.92.

Insider Activity at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares of the company's stock, valued at $1,981,875.42. The trade was a 13.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total value of $497,850.00. Following the completion of the sale, the chief financial officer now directly owns 51,437 shares in the company, valued at $8,535,970.15. This trade represents a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,146 shares of company stock valued at $2,709,186. 0.08% of the stock is owned by insiders.

QUALCOMM Price Performance

NASDAQ:QCOM traded up $0.21 during mid-day trading on Tuesday, reaching $164.71. The stock had a trading volume of 6,142,686 shares, compared to its average volume of 8,996,438. The stock has a market capitalization of $182.99 billion, a P/E ratio of 18.30, a P/E/G ratio of 2.70 and a beta of 1.28. The firm has a 50 day moving average price of $168.42 and a two-hundred day moving average price of $182.23. QUALCOMM Incorporated has a one year low of $125.67 and a one year high of $230.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 annualized dividend and a yield of 2.06%. QUALCOMM's payout ratio is 37.82%.

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.