TCW Group Inc. Has $26.33 Million Position in QUALCOMM Incorporated (NASDAQ:QCOM)

TCW Group Inc. lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,814 shares of the wireless technology company’s stock after purchasing an additional 666 shares during the period. TCW Group Inc.’s holdings in QUALCOMM were worth $26,326,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Macroview Investment Management LLC boosted its holdings in QUALCOMM by 10.5% during the second quarter. Macroview Investment Management LLC now owns 600 shares of the wireless technology company’s stock worth $119,000 after purchasing an additional 57 shares during the last quarter. McClarren Financial Advisors Inc. boosted its stake in shares of QUALCOMM by 43.2% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 199 shares of the wireless technology company’s stock worth $40,000 after buying an additional 60 shares during the last quarter. Paulson Wealth Management Inc. grew its holdings in shares of QUALCOMM by 2.2% in the third quarter. Paulson Wealth Management Inc. now owns 2,791 shares of the wireless technology company’s stock valued at $475,000 after acquiring an additional 61 shares in the last quarter. Tranquility Partners LLC increased its position in shares of QUALCOMM by 2.1% during the second quarter. Tranquility Partners LLC now owns 3,044 shares of the wireless technology company’s stock valued at $606,000 after acquiring an additional 62 shares during the last quarter. Finally, Institute for Wealth Management LLC. lifted its holdings in QUALCOMM by 0.5% during the second quarter. Institute for Wealth Management LLC. now owns 13,843 shares of the wireless technology company’s stock worth $2,757,000 after acquiring an additional 64 shares during the period. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Down 2.7 %

Shares of NASDAQ QCOM opened at $156.46 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average of $165.75 and a 200-day moving average of $179.03. The firm has a market capitalization of $173.83 billion, a price-to-earnings ratio of 17.40, 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.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.85 dividend. The ex-dividend date is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.17%. QUALCOMM’s dividend payout ratio is presently 37.82%.

Insider Activity

In related news, CTO James H. Thompson sold 8,000 shares of the business’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 value of $1,358,400.00. Following the completion of the sale, the chief technology officer now owns 213,364 shares in the company, valued at $36,229,207.20. The trade was a 3.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,450 shares of company stock worth $3,395,926. 0.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on QCOM shares. Cantor Fitzgerald restated a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a research note on Wednesday, November 20th. Loop Capital assumed coverage on shares of QUALCOMM in a report on Monday, November 11th. They set a “hold” rating and a $180.00 price objective for the company. KeyCorp cut shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Evercore ISI increased their target price on shares of QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.