QUALCOMM Incorporated (NASDAQ:QCOM) Position Increased by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 38.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 230,327 shares of the wireless technology company's stock after acquiring an additional 63,802 shares during the quarter. Sanctuary Advisors LLC's holdings in QUALCOMM were worth $36,113,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wedge Capital Management L L P NC increased its position in shares of QUALCOMM by 17.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 354,389 shares of the wireless technology company's stock worth $60,264,000 after purchasing an additional 51,879 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in QUALCOMM by 39.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 176,817 shares of the wireless technology company's stock valued at $30,068,000 after buying an additional 50,438 shares during the last quarter. Icon Wealth Advisors LLC raised its stake in QUALCOMM by 123.2% during the third quarter. Icon Wealth Advisors LLC now owns 33,186 shares of the wireless technology company's stock valued at $5,643,000 after buying an additional 18,315 shares in the last quarter. Aljian Capital Management LLC bought a new position in QUALCOMM during the 3rd quarter worth approximately $1,820,000. Finally, Captrust Financial Advisors grew its position in shares of QUALCOMM by 4.6% in the 3rd quarter. Captrust Financial Advisors now owns 664,330 shares of the wireless technology company's stock worth $112,969,000 after acquiring an additional 29,287 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com cut shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on QUALCOMM from $210.00 to $195.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $160.00 target price on shares of QUALCOMM in a research note on Wednesday, November 20th. KeyCorp lowered shares of QUALCOMM from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their target price on QUALCOMM from $170.00 to $175.00 and gave the company an "underweight" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $208.00.

QUALCOMM Trading Down 1.0 %

QCOM stock traded down $1.59 during mid-day trading on Thursday, reaching $158.24. 5,787,091 shares of the stock traded hands, compared to its average volume of 8,960,022. QUALCOMM Incorporated has a 52-week low of $134.94 and a 52-week high of $230.63. The stock's fifty day moving average is $165.39 and its 200-day moving average is $178.52. The company has a market cap of $175.80 billion, a P/E ratio of 17.54, a P/E/G ratio of 2.67 and a beta of 1.25. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given 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 2.15%. QUALCOMM's dividend payout ratio (DPR) is presently 37.82%.

Insider Buying and Selling

In related news, insider Alexander H. Rogers sold 3,245 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total value of $539,156.75. Following the completion of the sale, the insider now directly owns 32,231 shares of the company's stock, valued at approximately $5,355,180.65. This represents a 9.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total value of $1,358,400.00. Following the sale, the chief technology officer now owns 213,364 shares of the company's stock, valued at $36,229,207.20. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,540 shares of company stock valued at $6,300,999. Company insiders own 0.08% of the company's stock.

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.