Banque Cantonale Vaudoise Purchases 3,146 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Banque Cantonale Vaudoise raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 14.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,099 shares of the wireless technology company's stock after purchasing an additional 3,146 shares during the period. Banque Cantonale Vaudoise's holdings in QUALCOMM were worth $4,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Lingohr Asset Management GmbH bought a new position in QUALCOMM during the third quarter worth $713,000. First City Capital Management Inc. increased its holdings in shares of QUALCOMM by 1.3% during the 3rd quarter. First City Capital Management Inc. now owns 5,507 shares of the wireless technology company's stock worth $936,000 after purchasing an additional 68 shares during the period. Princeton Capital Management LLC raised its position in shares of QUALCOMM by 3.1% during the third quarter. Princeton Capital Management LLC now owns 41,960 shares of the wireless technology company's stock valued at $7,135,000 after buying an additional 1,259 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of QUALCOMM by 12.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 15,192 shares of the wireless technology company's stock valued at $2,583,000 after buying an additional 1,667 shares during the period. Finally, Wrapmanager Inc. grew its position in QUALCOMM by 18.9% during the third quarter. Wrapmanager Inc. now owns 3,261 shares of the wireless technology company's stock worth $555,000 after buying an additional 519 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at QUALCOMM

In other news, CTO James H. Thompson sold 8,000 shares of the company's 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 completion of the transaction, the chief technology officer now directly owns 213,364 shares of the company's stock, valued at $36,229,207.20. This represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the business's stock in a transaction that occurred on 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 $1,981,875.42. The trade was a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,146 shares of company stock valued at $2,709,186 over the last 90 days. 0.08% of the stock is owned by company insiders.

QUALCOMM Trading Down 6.3 %

Shares of NASDAQ QCOM traded down $10.44 during midday trading on Wednesday, reaching $154.27. 14,454,817 shares of the stock were exchanged, compared to its average volume of 9,027,241. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. QUALCOMM Incorporated has a 12 month low of $125.67 and a 12 month high of $230.63. The business has a 50-day simple moving average of $168.23 and a two-hundred day simple moving average of $181.93. The company has a market capitalization of $171.39 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 2.70 and a beta of 1.28.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.20%. QUALCOMM's dividend payout ratio (DPR) is currently 37.82%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Westpark Capital reaffirmed a "hold" rating on shares of QUALCOMM in a report on Tuesday, July 30th. Cantor Fitzgerald reiterated a "neutral" rating and set a $160.00 price target on shares of QUALCOMM in a research note on Wednesday. Piper Sandler restated an "overweight" rating and issued a $205.00 price objective (up previously from $185.00) on shares of QUALCOMM in a research note on Thursday, August 1st. Wolfe Research lowered shares of QUALCOMM from an "outperform" rating to a "peer perform" rating in a research report on Monday, August 12th. Finally, Evercore ISI upped their target price on shares of QUALCOMM from $190.00 to $199.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, QUALCOMM has an average rating of "Moderate Buy" and a consensus target price of $210.15.

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.