Seizert Capital Partners LLC Has $11.01 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Seizert Capital Partners LLC lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 9.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,750 shares of the wireless technology company's stock after acquiring an additional 5,410 shares during the period. Seizert Capital Partners LLC's holdings in QUALCOMM were worth $11,011,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QCOM. Reston Wealth Management LLC acquired a new position in shares of QUALCOMM during the 3rd quarter worth about $26,000. HWG Holdings LP bought a new stake in shares of QUALCOMM in the second quarter valued at approximately $30,000. Financial Connections Group Inc. acquired a new stake in shares of QUALCOMM in the second quarter worth $32,000. Planning Capital Management Corp increased its position in QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock worth $34,000 after acquiring an additional 114 shares during the period. Finally, Aspect Partners LLC raised its stake in 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 purchasing an additional 74 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Robert W. Baird boosted their price objective on shares of QUALCOMM from $200.00 to $250.00 and gave the stock an "outperform" rating in a report on Tuesday, July 23rd. Piper Sandler reiterated an "overweight" rating and issued a $205.00 price objective (up previously from $185.00) on shares of QUALCOMM in a research report on Thursday, August 1st. Citigroup lowered their price objective on QUALCOMM from $200.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 16th. 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 for the company. Finally, DZ Bank upgraded shares of QUALCOMM from a "hold" rating to a "buy" rating and set a $210.00 price target on the stock in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, QUALCOMM has a consensus rating of "Moderate Buy" and a consensus price target of $210.92.

QUALCOMM Price Performance

Shares of QUALCOMM stock traded down $3.47 during midday trading on Friday, reaching $160.50. The company had a trading volume of 9,737,033 shares, compared to its average volume of 8,592,412. 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 has a fifty day simple moving average of $168.35 and a 200 day simple moving average of $182.21. QUALCOMM Incorporated has a 1-year low of $125.67 and a 1-year high of $230.63. The company has a market capitalization of $178.32 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 2.70 and a beta of 1.28.

QUALCOMM Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.12%. QUALCOMM's payout ratio is 37.82%.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the sale, the chief financial officer now owns 51,437 shares in the company, valued at approximately $8,535,970.15. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the firm'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 transaction, the general counsel now owns 12,007 shares of the company's stock, valued at approximately $1,981,875.42. This represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,146 shares of company stock valued at $2,709,186. 0.08% of the stock is currently owned by insiders.

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.