QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by World Investment Advisors LLC

World Investment Advisors LLC raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 1,212.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,764 shares of the wireless technology company's stock after acquiring an additional 135,583 shares during the period. World Investment Advisors LLC's holdings in QUALCOMM were worth $24,957,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other QUALCOMM news, insider Alexander H. Rogers sold 3,245 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total value of $539,156.75. Following the transaction, the insider now directly owns 32,231 shares in the company, valued at approximately $5,355,180.65. This represents a 9.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO James H. Thompson sold 8,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the completion of the transaction, the chief technology officer now owns 213,364 shares in the company, valued at approximately $36,229,207.20. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,450 shares of company stock worth $3,395,926 in the last three months. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM traded down $0.88 on Friday, reaching $159.51. 9,915,824 shares of the company were exchanged, compared to its average volume of 8,740,207. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 1-year low of $130.39 and a 1-year high of $230.63. The firm has a market cap of $177.22 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 2.73 and a beta of 1.25. The company has a 50-day moving average of $165.93 and a 200-day moving average of $179.32.

QUALCOMM Dividend Announcement

The firm 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 is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.13%. QUALCOMM's dividend payout ratio is presently 37.82%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on QCOM shares. Wolfe Research downgraded shares of QUALCOMM from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. Susquehanna decreased their price target on shares of QUALCOMM from $230.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price target on shares of QUALCOMM from $210.00 to $195.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $160.00 price target on shares of QUALCOMM in a research note on Wednesday, November 20th. Finally, Morgan Stanley decreased their price target on shares of QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating for the company in a research note on Thursday, November 7th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.