QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 40.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 144,118 shares of the wireless technology company's stock after purchasing an additional 41,792 shares during the quarter. Quantinno Capital Management LP's holdings in QUALCOMM were worth $24,507,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Reston Wealth Management LLC purchased a new stake in QUALCOMM in the 3rd quarter valued at about $26,000. HWG Holdings LP acquired a new position in QUALCOMM during the second quarter worth approximately $30,000. Financial Connections Group Inc. purchased a new position in QUALCOMM during the second quarter worth approximately $32,000. Planning Capital Management Corp boosted its holdings in shares of QUALCOMM by 137.3% in the 3rd 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 grew its stake in shares of QUALCOMM by 71.8% during the 2nd quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company's stock valued at $35,000 after buying an additional 74 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling at QUALCOMM

In other news, CTO James H. Thompson sold 8,000 shares of the 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 sale, the chief technology officer now directly owns 213,364 shares in the company, valued at approximately $36,229,207.20. This represents a 3.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,450 shares of company stock worth $2,911,306 over the last quarter. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Down 1.3 %

Shares of QCOM traded down $2.09 during midday trading on Thursday, hitting $160.40. The company had a trading volume of 3,854,784 shares, compared to its average volume of 8,960,529. The stock has a market cap of $178.20 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 2.72 and a beta of 1.25. The company's 50 day moving average price is $166.39 and its 200 day moving average price is $180.03. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 52 week low of $129.66 and a 52 week high of $230.63.

QUALCOMM Dividend Announcement

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 paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, December 5th. QUALCOMM's payout ratio is currently 37.82%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Loop Capital assumed coverage on QUALCOMM in a research report on Monday, November 11th. They issued a "hold" rating and a $180.00 target price on the stock. StockNews.com lowered QUALCOMM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, October 2nd. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $160.00 target price on shares of QUALCOMM in a research report on Wednesday, November 20th. Wolfe Research lowered QUALCOMM from an "outperform" rating to a "peer perform" rating in a research report on Monday, August 12th. Finally, Evercore ISI increased their target price on QUALCOMM from $190.00 to $199.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. One investment 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 data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $210.15.

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.