QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1,702.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,191,342 shares of the wireless technology company's stock after acquiring an additional 3,014,302 shares during the period. QUALCOMM comprises about 1.1% of Pacer Advisors Inc.'s portfolio, making the stock its 6th largest position. Pacer Advisors Inc. owned approximately 0.29% of QUALCOMM worth $542,688,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Thompson Siegel & Walmsley LLC boosted its stake in QUALCOMM by 0.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 17,112 shares of the wireless technology company's stock valued at $2,910,000 after acquiring an additional 150 shares in the last quarter. LPL Financial LLC increased its position in QUALCOMM by 10.6% during the 3rd quarter. LPL Financial LLC now owns 1,286,536 shares of the wireless technology company's stock valued at $218,775,000 after buying an additional 123,215 shares in the last quarter. Cypress Capital Group raised its stake in QUALCOMM by 1.4% in the third quarter. Cypress Capital Group now owns 22,312 shares of the wireless technology company's stock valued at $3,794,000 after buying an additional 313 shares during the last quarter. Landscape Capital Management L.L.C. grew its stake in shares of QUALCOMM by 54.3% during the third quarter. Landscape Capital Management L.L.C. now owns 20,273 shares of the wireless technology company's stock worth $3,447,000 after acquiring an additional 7,133 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of QUALCOMM by 180.8% during the third quarter. Intech Investment Management LLC now owns 118,491 shares of the wireless technology company's stock valued at $20,149,000 after acquiring an additional 76,296 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were 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 of the company's stock, valued at $8,535,970.15. The trade was a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares of the company's stock, valued at approximately $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,450 shares of company stock valued at $2,911,306 in the last ninety days. Insiders own 0.08% of the company's stock.

QUALCOMM Stock Up 0.7 %

NASDAQ:QCOM traded up $1.15 during midday trading on Thursday, reaching $155.42. The company had a trading volume of 8,238,514 shares, compared to its average volume of 9,034,746. QUALCOMM Incorporated has a 12-month low of $125.67 and a 12-month high of $230.63. The firm has a market capitalization of $172.67 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 2.77 and a beta of 1.28. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. The stock's fifty day simple moving average is $168.23 and its 200-day simple moving average is $181.93.

QUALCOMM Announces Dividend

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 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 dividend yield of 2.19%. QUALCOMM's dividend payout ratio (DPR) is currently 37.82%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on QCOM shares. 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 research note on Thursday, November 7th. TD Cowen upgraded shares of QUALCOMM to a "strong-buy" rating in a research note on Monday, September 16th. Loop Capital started coverage on QUALCOMM in a research note on Monday, November 11th. They issued a "hold" rating and a $180.00 target price for the company. StockNews.com downgraded QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 2nd. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $160.00 price objective on shares of QUALCOMM in a research note on Wednesday. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $210.15.

QUALCOMM 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.