Blackhawk Capital Partners LLC. Makes New $1.57 Million Investment in QUALCOMM Incorporated (NASDAQ:QCOM)

Blackhawk Capital Partners LLC. purchased a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 9,227 shares of the wireless technology company’s stock, valued at approximately $1,569,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in QCOM. CreativeOne Wealth LLC increased its holdings in QUALCOMM by 52.6% during the first quarter. CreativeOne Wealth LLC now owns 5,652 shares of the wireless technology company’s stock valued at $957,000 after buying an additional 1,949 shares during the period. Capital International Inc. CA raised its position in shares of QUALCOMM by 13.7% in the 1st quarter. Capital International Inc. CA now owns 24,474 shares of the wireless technology company’s stock worth $4,143,000 after acquiring an additional 2,942 shares in the last quarter. Stonebridge Capital Advisors LLC lifted its stake in shares of QUALCOMM by 3.6% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 129,439 shares of the wireless technology company’s stock worth $21,914,000 after purchasing an additional 4,490 shares during the last quarter. Matrix Capital Management Company LP bought a new stake in QUALCOMM during the first quarter valued at about $1,171,516,000. Finally, Hhlr Advisors LTD. purchased a new position in QUALCOMM in the first quarter valued at about $508,000. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Trading Down 6.3 %

Shares of QUALCOMM stock opened at $154.27 on Thursday. QUALCOMM Incorporated has a fifty-two week low of $125.67 and a fifty-two week high of $230.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The company has a market cap of $171.39 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 2.77 and a beta of 1.28. The firm has a 50-day simple moving average of $168.23 and a two-hundred day simple moving average of $181.93.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total value of $497,850.00. Following the completion of the sale, the chief financial officer now owns 51,437 shares in the company, valued at approximately $8,535,970.15. This represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the sale, the general counsel now owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. The trade was a 13.67 % 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 in the last three months. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Loop Capital assumed coverage on shares of QUALCOMM in a report on Monday, November 11th. They issued a “hold” rating and a $180.00 price target on the stock. Westpark Capital reiterated a “hold” rating on shares of QUALCOMM in a report on Tuesday, July 30th. Rosenblatt Securities boosted their target price on QUALCOMM from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley decreased their price target on 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 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 company. According to MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and a consensus target price of $210.15.

QUALCOMM Company 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.