Clarity Capital Partners LLC Grows Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Clarity Capital Partners LLC increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 121.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,981 shares of the wireless technology company’s stock after acquiring an additional 2,728 shares during the quarter. Clarity Capital Partners LLC’s holdings in QUALCOMM were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Greenwood Capital Associates LLC increased its stake in shares of QUALCOMM by 5.5% in the 3rd quarter. Greenwood Capital Associates LLC now owns 50,010 shares of the wireless technology company’s stock worth $8,504,000 after purchasing an additional 2,599 shares in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in QUALCOMM by 15.4% during the third quarter. Hazlett Burt & Watson Inc. now owns 3,061 shares of the wireless technology company’s stock valued at $520,000 after purchasing an additional 409 shares during the period. Quintet Private Bank Europe S.A. raised its stake in shares of QUALCOMM by 38.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 3,428 shares of the wireless technology company’s stock worth $583,000 after buying an additional 958 shares during the period. PDS Planning Inc raised its stake in shares of QUALCOMM by 3.6% in the third quarter. PDS Planning Inc now owns 4,046 shares of the wireless technology company’s stock worth $688,000 after buying an additional 141 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of QUALCOMM by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 445,153 shares of the wireless technology company’s stock worth $75,698,000 after purchasing an additional 1,432 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 directly owns 213,364 shares of the company’s stock, valued at $36,229,207.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now directly owns 12,007 shares in the company, valued at $1,981,875.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the 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 transaction, the chief technology officer now owns 213,364 shares of the company’s stock, valued at approximately $36,229,207.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,146 shares of company stock worth $2,709,186. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on QCOM. StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on QUALCOMM from $155.00 to $170.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. TD Cowen raised QUALCOMM to a “strong-buy” rating in a research note on Monday, September 16th. Susquehanna reduced their price objective on QUALCOMM from $250.00 to $230.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Finally, HSBC lowered shares of QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 target price for the company. in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus price target of $207.92.

QUALCOMM Stock Down 0.1 %

QCOM stock opened at $165.18 on Tuesday. QUALCOMM Incorporated has a one year low of $118.38 and a one year high of $230.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.78 and a current ratio of 2.39. The firm’s fifty day moving average is $168.69 and its 200 day moving average is $182.14. The firm has a market cap of $184.01 billion, a PE ratio of 21.40, a P/E/G ratio of 1.66 and a beta of 1.28.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.06%. QUALCOMM’s payout ratio is 44.04%.

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.