Swiss National Bank Grows Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Swiss National Bank raised its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,312,400 shares of the wireless technology company's stock after purchasing an additional 8,300 shares during the quarter. Swiss National Bank owned 0.30% of QUALCOMM worth $563,274,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of QCOM. Leelyn Smith LLC purchased a new stake in shares of QUALCOMM during the 1st quarter valued at about $208,000. Nicolet Advisory Services LLC purchased a new stake in shares of QUALCOMM during the 1st quarter valued at about $222,000. Acadian Asset Management LLC raised its holdings in shares of QUALCOMM by 468.0% during the 1st quarter. Acadian Asset Management LLC now owns 257,374 shares of the wireless technology company's stock valued at $43,564,000 after buying an additional 212,064 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of QUALCOMM by 423.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 6,872 shares of the wireless technology company's stock valued at $1,163,000 after buying an additional 5,560 shares during the period. Finally, Trustmark National Bank Trust Department raised its holdings in shares of QUALCOMM by 83.7% during the 1st quarter. Trustmark National Bank Trust Department now owns 7,367 shares of the wireless technology company's stock valued at $1,247,000 after buying an additional 3,356 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total value of $497,850.00. Following the sale, the chief financial officer now owns 51,437 shares of the company's stock, valued at approximately $8,535,970.15. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO James H. Thompson sold 8,000 shares of the business's stock in a transaction 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 sale, the chief technology officer now directly owns 213,364 shares in the company, valued at $36,229,207.20. This represents a 3.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,146 shares of company stock valued at $2,709,186 in the last quarter. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Stock Down 2.1 %

Shares of QUALCOMM stock opened at $160.50 on Friday. The business's fifty day moving average price is $168.35 and its two-hundred day moving average price is $182.21. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The company has a market capitalization of $178.32 billion, a P/E ratio of 17.85, a PEG ratio of 2.70 and a beta of 1.28. QUALCOMM Incorporated has a 1-year low of $125.67 and a 1-year high of $230.63.

QUALCOMM Announces Dividend

The firm also recently announced 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 of this dividend is Thursday, December 5th. QUALCOMM's payout ratio is currently 37.82%.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of recent analyst reports. Benchmark restated a "buy" rating and set a $240.00 price objective on shares of QUALCOMM in a research note on Thursday, November 7th. Westpark Capital restated a "hold" rating on shares of QUALCOMM in a research note on Tuesday, July 30th. DZ Bank upgraded QUALCOMM from a "hold" rating to a "buy" rating and set a $210.00 price objective for the company in a research note on Friday, August 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. Finally, Evercore ISI raised their price objective on QUALCOMM from $190.00 to $199.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, QUALCOMM currently has a consensus rating of "Moderate Buy" and an average price target of $210.92.

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.

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