Voya Financial Advisors Inc. Boosts Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Voya Financial Advisors Inc. grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 53.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,610 shares of the wireless technology company's stock after acquiring an additional 3,349 shares during the period. Voya Financial Advisors Inc.'s holdings in QUALCOMM were worth $1,635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Reston Wealth Management LLC acquired a new position in QUALCOMM in the 3rd quarter valued at about $26,000. HWG Holdings LP acquired a new stake in shares of QUALCOMM in the 2nd quarter worth approximately $30,000. Financial Connections Group Inc. purchased a new position in shares of QUALCOMM in the second quarter valued at $32,000. Planning Capital Management Corp raised its position in shares of QUALCOMM by 137.3% during the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company's stock worth $34,000 after purchasing an additional 114 shares during the last quarter. Finally, Aspect Partners LLC lifted its position in shares of QUALCOMM by 71.8% in the second quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company's stock valued at $35,000 after acquiring an additional 74 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Price Performance

Shares of NASDAQ QCOM traded down $0.88 during midday trading on Friday, reaching $159.51. 9,915,824 shares of the company were exchanged, compared to its average volume of 8,980,462. 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 stock has a market cap of $177.22 billion, a P/E ratio of 17.74, a PEG ratio of 2.72 and a beta of 1.25. QUALCOMM Incorporated has a one year low of $130.39 and a one year high of $230.63. The stock's 50-day moving average price is $166.15 and its 200-day moving average price is $179.89.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM's dividend payout ratio is 37.82%.

Insider Buying and Selling at QUALCOMM

In related news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction that occurred on 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 owns 94 shares of the company's stock, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the transaction, the chief financial officer now directly owns 51,437 shares in the company, valued at approximately $8,535,970.15. This represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,450 shares of company stock valued at $3,395,926. Corporate insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Benchmark reissued a "buy" rating and set a $240.00 price target on shares of QUALCOMM in a research note on Thursday, November 7th. Susquehanna decreased their target price on QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a research report on Wednesday, November 20th. Morgan Stanley lowered their price objective on QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating for the company in a research note on Thursday, November 7th. Loop Capital initiated coverage on QUALCOMM in a research note on Monday, November 11th. They set a "hold" rating and a $180.00 price objective on the stock. Finally, StockNews.com cut shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $210.15.

About QUALCOMM

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.