Worldquant Millennium Advisors LLC Buys 500,849 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Worldquant Millennium Advisors LLC increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 177.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 782,322 shares of the wireless technology company's stock after buying an additional 500,849 shares during the quarter. QUALCOMM accounts for about 1.0% of Worldquant Millennium Advisors LLC's investment portfolio, making the stock its 17th largest position. Worldquant Millennium Advisors LLC owned 0.07% of QUALCOMM worth $133,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in shares of QUALCOMM by 1.7% during the third quarter. State Street Corp now owns 51,615,929 shares of the wireless technology company's stock worth $8,777,289,000 after buying an additional 870,814 shares in the last quarter. Legal & General Group Plc increased its holdings in QUALCOMM by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 10,036,779 shares of the wireless technology company's stock valued at $1,999,114,000 after purchasing an additional 86,195 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of QUALCOMM by 6.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,356,581 shares of the wireless technology company's stock valued at $1,421,037,000 after buying an additional 498,284 shares during the last quarter. Van ECK Associates Corp lifted 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 worth $1,250,644,000 after buying an additional 1,741,432 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in QUALCOMM by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,642,986 shares of the wireless technology company's stock worth $1,129,640,000 after acquiring an additional 52,897 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 3,245 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total transaction of $539,156.75. Following the completion of the transaction, the insider now owns 32,231 shares of the company's stock, valued at $5,355,180.65. This represents a 9.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 1,304 shares of the firm's 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 directly owns 94 shares of the company's stock, valued at $14,570. This represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,450 shares of company stock valued at $3,395,926 over the last three months. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Down 0.5 %

Shares of NASDAQ:QCOM traded down $0.88 during midday trading on Friday, reaching $159.51. 9,913,260 shares of the company were exchanged, compared to its average volume of 8,971,356. The firm has a market cap of $177.22 billion, a PE ratio of 17.74, a P/E/G ratio of 2.72 and a beta of 1.25. QUALCOMM Incorporated has a fifty-two week low of $130.39 and a fifty-two week high of $230.63. The stock has a fifty day simple moving average of $166.15 and a two-hundred day simple moving average of $179.89. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51.

QUALCOMM Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on QCOM shares. Cantor Fitzgerald restated a "neutral" rating and set a $160.00 target price on shares of QUALCOMM in a research report on Wednesday, November 20th. Susquehanna reduced their target price on shares of QUALCOMM from $230.00 to $210.00 and set a "positive" rating on the stock in a research note on Wednesday, November 20th. KeyCorp cut shares of QUALCOMM from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 8th. Morgan Stanley cut their price objective on shares of QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating on the stock in a report on Thursday, November 7th. Finally, Wolfe Research lowered shares of QUALCOMM from an "outperform" rating to a "peer perform" rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, 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.