Stifel Financial Corp Acquires 10,037 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Stifel Financial Corp lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,625,353 shares of the wireless technology company's stock after purchasing an additional 10,037 shares during the period. Stifel Financial Corp owned about 0.15% of QUALCOMM worth $276,397,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of QCOM. Massachusetts Financial Services Co. MA lifted its holdings in QUALCOMM by 1,778.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,219,303 shares of the wireless technology company's stock worth $641,221,000 after acquiring an additional 3,047,947 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of QUALCOMM by 1,702.6% in the 3rd quarter. Pacer Advisors Inc. now owns 3,191,342 shares of the wireless technology company's stock worth $542,688,000 after purchasing an additional 3,014,302 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of QUALCOMM by 17,357.3% in the 3rd quarter. International Assets Investment Management LLC now owns 2,936,310 shares of the wireless technology company's stock worth $499,320,000 after purchasing an additional 2,919,490 shares during the last quarter. Van ECK Associates Corp boosted its position in QUALCOMM by 30.2% during the 3rd quarter. Van ECK Associates Corp now owns 7,506,863 shares of the wireless technology company's stock valued at $1,250,644,000 after purchasing an additional 1,741,432 shares during the period. Finally, Maj Invest Holding A S bought a new position in QUALCOMM during the 3rd quarter worth $229,078,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at QUALCOMM

In related news, CAO Neil Martin sold 1,304 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 stock was 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 of the company's stock, valued at $1,981,875.42. This represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,450 shares of company stock worth $2,911,306 over the last ninety days. Company insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on QCOM shares. StockNews.com downgraded shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 2nd. Morgan Stanley reduced their price objective on QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating for the company in a research report on Thursday, November 7th. Evercore ISI raised their target price on QUALCOMM from $190.00 to $199.00 and gave the company an "in-line" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on QUALCOMM from $210.00 to $195.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Finally, TD Cowen raised QUALCOMM to a "strong-buy" rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.15.

QUALCOMM Stock Down 1.8 %

QCOM stock traded down $2.95 during trading hours on Thursday, hitting $160.39. The company's stock had a trading volume of 7,271,870 shares, compared to its average volume of 8,966,022. QUALCOMM Incorporated has a 12 month low of $129.66 and a 12 month high of $230.63. The stock has a 50 day moving average price of $166.39 and a two-hundred day moving average price of $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. The company has a market capitalization of $178.19 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 2.72 and a beta of 1.25.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM's dividend payout ratio is 37.82%.

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.