QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by HMS Capital Management LLC

HMS Capital Management LLC lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,127 shares of the wireless technology company’s stock after acquiring an additional 121 shares during the quarter. HMS Capital Management LLC’s holdings in QUALCOMM were worth $1,722,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. North Star Investment Management Corp. boosted its holdings in QUALCOMM by 1.0% in the 3rd quarter. North Star Investment Management Corp. now owns 41,828 shares of the wireless technology company’s stock worth $7,113,000 after acquiring an additional 397 shares during the period. NorthRock Partners LLC raised its stake in shares of QUALCOMM by 22.6% during the third quarter. NorthRock Partners LLC now owns 6,460 shares of the wireless technology company’s stock valued at $1,098,000 after purchasing an additional 1,191 shares during the period. W.H. Cornerstone Investments Inc. acquired a new position in shares of QUALCOMM during the third quarter worth $255,000. Capital Management Corp VA boosted its stake in shares of QUALCOMM by 8.8% in the third quarter. Capital Management Corp VA now owns 86,439 shares of the wireless technology company’s stock valued at $14,699,000 after purchasing an additional 6,978 shares during the period. Finally, Amalgamated Bank grew its holdings in QUALCOMM by 4.4% during the 3rd quarter. Amalgamated Bank now owns 249,772 shares of the wireless technology company’s stock valued at $42,474,000 after purchasing an additional 10,629 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of QUALCOMM stock opened at $165.91 on Wednesday. QUALCOMM Incorporated has a 52 week low of $118.38 and a 52 week high of $230.63. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. The stock has a market cap of $184.82 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.28. The company’s 50-day moving average price is $168.53 and its two-hundred day moving average price is $182.20.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 2.05%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s dividend payout ratio is presently 44.04%.

Analyst Ratings Changes

A number of brokerages have commented on QCOM. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. HSBC lowered QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a research note on Wednesday, July 17th. Wells Fargo & Company upped their target price on QUALCOMM from $140.00 to $170.00 and gave the company an “underweight” rating in a research report on Thursday, August 1st. Citigroup dropped their price target on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Finally, StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and an average price target of $207.29.

Insider Activity at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the sale, the general counsel now owns 12,007 shares in the company, valued at approximately $1,981,875.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the completion of the transaction, 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,146 shares of company stock valued at $2,709,186 over the last ninety days. Insiders own 0.08% of the company’s stock.

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.