Jaffetilchin Investment Partners LLC Sells 3,638 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Jaffetilchin Investment Partners LLC reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 33.7% during the third quarter, Holdings Channel.com reports. The firm owned 7,152 shares of the wireless technology company’s stock after selling 3,638 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in QUALCOMM were worth $1,216,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of QCOM. Core Wealth Partners LLC boosted its stake in shares of QUALCOMM by 7.4% in the third quarter. Core Wealth Partners LLC now owns 4,770 shares of the wireless technology company’s stock worth $811,000 after acquiring an additional 327 shares during the period. Jag Capital Management LLC boosted its stake in QUALCOMM by 1.8% in the 3rd quarter. Jag Capital Management LLC now owns 18,156 shares of the wireless technology company’s stock worth $3,087,000 after purchasing an additional 313 shares during the period. Delta Financial Advisors LLC raised its position in shares of QUALCOMM by 2.1% during the third quarter. Delta Financial Advisors LLC now owns 3,221 shares of the wireless technology company’s stock valued at $548,000 after buying an additional 65 shares during the last quarter. TRU Independence Asset Management 2 LLC purchased a new position in shares of QUALCOMM in the third quarter worth $341,000. Finally, Catalytic Wealth RIA LLC boosted its position in shares of QUALCOMM by 5.0% during the third quarter. Catalytic Wealth RIA LLC now owns 7,698 shares of the wireless technology company’s stock worth $1,309,000 after acquiring an additional 364 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at QUALCOMM

In related news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $36,229,207.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction that occurred on 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 directly owns 213,364 shares of the company’s stock, valued at $36,229,207.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $539,156.75. Following the transaction, the insider now directly owns 32,231 shares of the company’s stock, valued at approximately $5,355,180.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,146 shares of company stock worth $2,709,186 over the last quarter. Insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM stock opened at $168.29 on Tuesday. The firm has a market capitalization of $186.97 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.74 and a beta of 1.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.78 and a current ratio of 2.40. The stock’s 50-day simple moving average is $168.53 and its 200-day simple moving average is $182.42. QUALCOMM Incorporated has a fifty-two week low of $122.63 and a fifty-two week high of $230.63.

QUALCOMM Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s payout ratio is 37.82%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on QCOM shares. KeyCorp downgraded shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. TD Cowen raised shares of QUALCOMM to a “strong-buy” rating in a report on Monday, September 16th. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. DZ Bank raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Friday, August 2nd. Finally, Wolfe Research downgraded shares of QUALCOMM from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $210.92.

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.