Sumitomo Mitsui DS Asset Management Company Ltd Has $30.07 Million Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 39.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 176,817 shares of the wireless technology company's stock after acquiring an additional 50,438 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in QUALCOMM were worth $30,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in QCOM. Sweet Financial Partners LLC lifted its holdings in QUALCOMM by 1.6% during the 3rd quarter. Sweet Financial Partners LLC now owns 11,906 shares of the wireless technology company's stock worth $2,025,000 after purchasing an additional 189 shares during the last quarter. Vista Investment Partners LLC lifted its holdings in QUALCOMM by 3.4% during the 3rd quarter. Vista Investment Partners LLC now owns 2,327 shares of the wireless technology company's stock worth $396,000 after purchasing an additional 77 shares during the last quarter. Drake & Associates LLC lifted its holdings in QUALCOMM by 30.0% during the 3rd quarter. Drake & Associates LLC now owns 1,721 shares of the wireless technology company's stock worth $293,000 after purchasing an additional 397 shares during the last quarter. Trust Co. of Vermont lifted its holdings in QUALCOMM by 7.0% during the 3rd quarter. Trust Co. of Vermont now owns 9,433 shares of the wireless technology company's stock worth $1,604,000 after purchasing an additional 614 shares during the last quarter. Finally, Cardinal Capital Management lifted its holdings in QUALCOMM by 0.4% during the 3rd quarter. Cardinal Capital Management now owns 63,311 shares of the wireless technology company's stock worth $10,766,000 after purchasing an additional 275 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business's 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 transaction, the chief financial officer now directly owns 51,437 shares of the company's stock, valued at $8,535,970.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CTO James H. Thompson sold 8,000 shares of the company's stock in a transaction that occurred on 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total value of $497,850.00. Following the transaction, the chief financial officer now directly owns 51,437 shares in the company, valued at approximately $8,535,970.15. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,245 shares of company stock valued at $3,679,407 in the last ninety days. 0.08% of the stock is owned by company insiders.

QUALCOMM Trading Down 0.1 %

Shares of NASDAQ QCOM traded down $0.18 during trading on Friday, reaching $170.92. The company had a trading volume of 6,431,838 shares, compared to its average volume of 9,047,298. The company's fifty day moving average price is $169.11 and its 200-day moving average price is $182.12. QUALCOMM Incorporated has a 12 month low of $104.33 and a 12 month high of $230.63. The stock has a market cap of $190.40 billion, a P/E ratio of 22.14, a PEG ratio of 1.79 and a beta of 1.28. The company has a quick ratio of 1.78, a current ratio of 2.39 and a debt-to-equity ratio of 0.53.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.21. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. The firm had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.23 billion. As a group, research analysts expect that QUALCOMM Incorporated will post 8.02 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.85 dividend. The ex-dividend date is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.99%. QUALCOMM's dividend payout ratio (DPR) is presently 44.04%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on QUALCOMM from $230.00 to $210.00 and set an "overweight" rating for the company in a report on Tuesday, September 17th. HSBC cut QUALCOMM from a "buy" rating to a "hold" rating and set a $200.00 price objective for the company. in a report on Wednesday, July 17th. Tigress Financial lifted their price objective on QUALCOMM from $238.00 to $270.00 and gave the company a "buy" rating in a report on Friday, June 21st. Rosenblatt Securities lifted their price objective on QUALCOMM from $240.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Westpark Capital reaffirmed a "hold" rating on shares of QUALCOMM in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $208.75.

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.