Colonial River Investments LLC Decreases Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Colonial River Investments LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 60.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,729 shares of the wireless technology company’s stock after selling 2,597 shares during the quarter. Colonial River Investments LLC’s holdings in QUALCOMM were worth $294,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Alan B Lancz & Associates Inc. grew its position in shares of QUALCOMM by 3.6% during the 3rd quarter. Alan B Lancz & Associates Inc. now owns 15,672 shares of the wireless technology company’s stock valued at $2,665,000 after acquiring an additional 550 shares during the period. Sigma Planning Corp lifted its position in QUALCOMM by 6.1% during the third quarter. Sigma Planning Corp now owns 22,473 shares of the wireless technology company’s stock valued at $3,822,000 after purchasing an additional 1,294 shares in the last quarter. Summit Wealth & Retirement Planning Inc. grew its holdings in QUALCOMM by 3.7% during the third quarter. Summit Wealth & Retirement Planning Inc. now owns 2,380 shares of the wireless technology company’s stock valued at $405,000 after purchasing an additional 85 shares during the period. Mesirow Financial Investment Management Inc. increased its position in QUALCOMM by 2.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 9,757 shares of the wireless technology company’s stock worth $1,659,000 after buying an additional 219 shares in the last quarter. Finally, GSG Advisors LLC lifted its position in shares of QUALCOMM by 5.9% during the 3rd quarter. GSG Advisors LLC now owns 1,303 shares of the wireless technology company’s stock valued at $216,000 after buying an additional 73 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Transactions at QUALCOMM

In related news, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’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 completion of the sale, the general counsel now directly owns 12,007 shares in the company, valued at $1,981,875.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, General Counsel Ann C. Chaplin sold 1,901 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the sale, the general counsel now directly owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total value of $497,850.00. Following 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,146 shares of company stock worth $2,709,186. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on QCOM. Hsbc Global Res lowered shares of QUALCOMM from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 17th. Cantor Fitzgerald reissued a “neutral” rating and issued a $160.00 price objective on shares of QUALCOMM in a research note on Thursday. DZ Bank upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research note on Friday, August 2nd. Benchmark reiterated a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a research note on Thursday. Finally, HSBC cut QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $212.16.

QUALCOMM Stock Down 1.2 %

Shares of NASDAQ:QCOM opened at $170.91 on Monday. The company has a market cap of $189.88 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.74 and a beta of 1.28. QUALCOMM Incorporated has a 12 month low of $119.85 and a 12 month high of $230.63. The company has a current ratio of 2.40, a quick ratio of 1.78 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $168.53 and a 200 day moving average price of $182.29.

QUALCOMM Announces Dividend

The business 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 1.99%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s payout ratio is 37.82%.

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.