Mizuho Securities USA LLC Reduces Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Mizuho Securities USA LLC reduced its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 16.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,237 shares of the wireless technology company's stock after selling 13,963 shares during the period. Mizuho Securities USA LLC's holdings in QUALCOMM were worth $12,284,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Pine Haven Investment Counsel Inc lifted its stake in shares of QUALCOMM by 2.5% during the second quarter. Pine Haven Investment Counsel Inc now owns 2,059 shares of the wireless technology company's stock worth $410,000 after buying an additional 50 shares during the period. Buffington Mohr McNeal lifted its stake in shares of QUALCOMM by 3.9% during the second quarter. Buffington Mohr McNeal now owns 1,401 shares of the wireless technology company's stock worth $279,000 after buying an additional 53 shares during the period. TRUE Private Wealth Advisors lifted its stake in shares of QUALCOMM by 2.2% during the second quarter. TRUE Private Wealth Advisors now owns 2,638 shares of the wireless technology company's stock worth $525,000 after buying an additional 57 shares during the period. Macroview Investment Management LLC lifted its stake in shares of QUALCOMM by 10.5% during the second quarter. Macroview Investment Management LLC now owns 600 shares of the wireless technology company's stock worth $119,000 after buying an additional 57 shares during the period. Finally, McClarren Financial Advisors Inc. raised its holdings in shares of QUALCOMM by 43.2% during the second quarter. McClarren Financial Advisors Inc. now owns 199 shares of the wireless technology company's stock worth $40,000 after purchasing an additional 60 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Insider Activity

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 shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Neil Martin sold 1,304 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares in the company, valued at approximately $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,450 shares of company stock valued at $2,911,306. Company insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

QCOM has been the subject of several recent research reports. Evercore ISI raised their target price on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Sanford C. Bernstein raised their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Wells Fargo & Company raised their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an "underweight" rating in a report on Thursday, November 7th. DZ Bank raised shares of QUALCOMM from a "hold" rating to a "buy" rating and set a $210.00 price objective for the company in a report on Friday, August 2nd. Finally, Wolfe Research cut shares of QUALCOMM from an "outperform" rating to a "peer perform" rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $210.15.

QUALCOMM Trading Up 0.7 %

Shares of QUALCOMM stock traded up $1.15 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. The firm's 50 day moving average price is $168.23 and its two-hundred day moving average price is $181.93. The firm has a market cap of $172.67 billion, a PE ratio of 17.16, a PEG ratio of 2.77 and a beta of 1.28. QUALCOMM Incorporated has a 52-week low of $125.67 and a 52-week 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 business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM's dividend payout ratio (DPR) 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.