StoneX Group Inc. Sells 3,839 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

StoneX Group Inc. trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 15.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,774 shares of the wireless technology company's stock after selling 3,839 shares during the quarter. StoneX Group Inc.'s holdings in QUALCOMM were worth $3,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in QCOM. Wedge Capital Management L L P NC boosted its position in QUALCOMM by 17.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 354,389 shares of the wireless technology company's stock valued at $60,264,000 after purchasing an additional 51,879 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in QUALCOMM by 39.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 176,817 shares of the wireless technology company's stock worth $30,068,000 after acquiring an additional 50,438 shares during the period. Icon Wealth Advisors LLC boosted its position in QUALCOMM by 123.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 33,186 shares of the wireless technology company's stock worth $5,643,000 after acquiring an additional 18,315 shares during the period. Aljian Capital Management LLC acquired a new position in QUALCOMM during the 3rd quarter worth $1,820,000. Finally, Czech National Bank boosted its position in QUALCOMM by 6.5% during the 3rd quarter. Czech National Bank now owns 226,933 shares of the wireless technology company's stock worth $38,590,000 after acquiring an additional 13,888 shares during the period. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Stock Up 0.9 %

Shares of QCOM traded up $1.33 during trading hours on Friday, hitting $156.79. 5,709,268 shares of the company were exchanged, compared to its average volume of 9,249,130. The company has a market cap of $174.19 billion, a PE ratio of 17.44, a PEG ratio of 2.61 and a beta of 1.28. The firm's 50 day moving average is $167.82 and its 200-day moving average is $181.58. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 annualized dividend and a yield of 2.17%. QUALCOMM's payout ratio is 37.82%.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of research reports. Westpark Capital reissued a "hold" rating on shares of QUALCOMM in a research note on Tuesday, July 30th. UBS Group boosted their price objective on QUALCOMM from $185.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Evercore ISI boosted their price objective on QUALCOMM from $190.00 to $199.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. KeyCorp downgraded QUALCOMM from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 8th. Finally, StockNews.com downgraded QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, QUALCOMM currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.15.

Insider Activity 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 value of $1,358,400.00. Following the completion of the transaction, the chief technology officer now directly owns 213,364 shares of the company's stock, valued at approximately $36,229,207.20. This represents a 3.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 approximately $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,450 shares of company stock worth $2,911,306 in the last 90 days. 0.08% of the stock is owned by company 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.