Insight Inv LLC Has $2.79 Million Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Insight Inv LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.6% during the third quarter, Holdings Channel reports. The fund owned 16,421 shares of the wireless technology company’s stock after selling 605 shares during the period. QUALCOMM comprises approximately 2.3% of Insight Inv LLC’s investment portfolio, making the stock its 9th biggest position. Insight Inv LLC’s holdings in QUALCOMM were worth $2,792,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of QCOM. Savoie Capital LLC boosted its holdings in shares of QUALCOMM by 19.1% in the third quarter. Savoie Capital LLC now owns 82,383 shares of the wireless technology company’s stock worth $14,009,000 after buying an additional 13,200 shares during the last quarter. 3Chopt Investment Partners LLC raised its position in QUALCOMM by 12.6% in the third quarter. 3Chopt Investment Partners LLC now owns 12,058 shares of the wireless technology company’s stock worth $2,050,000 after acquiring an additional 1,346 shares during the period. Prestige Wealth Management Group LLC boosted its stake in shares of QUALCOMM by 7.8% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,770 shares of the wireless technology company’s stock worth $641,000 after acquiring an additional 272 shares during the last quarter. Brophy Wealth Management LLC bought a new stake in shares of QUALCOMM during the 3rd quarter valued at $431,000. Finally, Continuum Advisory LLC increased its stake in shares of QUALCOMM by 15.5% in the 3rd quarter. Continuum Advisory LLC now owns 3,342 shares of the wireless technology company’s stock worth $548,000 after purchasing an additional 448 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Neil Martin sold 1,304 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. The trade was a 93.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares in the company, valued at approximately $1,981,875.42. This represents a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,450 shares of company stock valued at $3,395,926. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Trading Up 0.8 %

NASDAQ QCOM opened at $160.74 on Tuesday. The stock has a market cap of $178.58 billion, a PE ratio of 17.88, a PEG ratio of 2.67 and a beta of 1.25. QUALCOMM Incorporated has a 12 month low of $134.07 and a 12 month high of $230.63. The company’s 50-day moving average price is $165.75 and its 200-day moving average price is $179.03. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

Wall Street Analyst Weigh In

Several research firms have recently commented on QCOM. Susquehanna decreased their price objective on QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a research note on Wednesday, November 20th. UBS Group lifted their price target on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. KeyCorp lowered shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Melius assumed coverage on shares of QUALCOMM in a research report on Monday. They set a “hold” rating and a $180.00 price objective on the stock. Finally, Morgan Stanley decreased their price target on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $208.00.

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.