Thompson Siegel & Walmsley LLC Boosts Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Thompson Siegel & Walmsley LLC grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,112 shares of the wireless technology company’s stock after buying an additional 150 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in QUALCOMM were worth $2,910,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. 1832 Asset Management L.P. boosted its holdings in QUALCOMM by 13.2% in the 1st quarter. 1832 Asset Management L.P. now owns 14,862 shares of the wireless technology company’s stock worth $2,516,000 after acquiring an additional 1,729 shares during the period. Kestra Advisory Services LLC grew its holdings in QUALCOMM by 8.0% during the 1st quarter. Kestra Advisory Services LLC now owns 109,796 shares of the wireless technology company’s stock valued at $18,588,000 after purchasing an additional 8,097 shares in the last quarter. Bellevue Group AG lifted its holdings in QUALCOMM by 49.0% in the 1st quarter. Bellevue Group AG now owns 517 shares of the wireless technology company’s stock worth $88,000 after buying an additional 170 shares in the last quarter. Ceeto Capital Group LLC boosted its position in QUALCOMM by 40.4% in the 1st quarter. Ceeto Capital Group LLC now owns 8,000 shares of the wireless technology company’s stock valued at $1,354,000 after buying an additional 2,300 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its stake in shares of QUALCOMM by 7.5% during the first quarter. Mount Yale Investment Advisors LLC now owns 7,537 shares of the wireless technology company’s stock valued at $1,276,000 after acquiring an additional 525 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 directly owns 51,437 shares in the company, valued at $8,535,970.15. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the transaction, the chief accounting officer now owns 94 shares in the company, valued at approximately $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,450 shares of company stock valued at $2,911,306. 0.08% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on QCOM shares. Wolfe Research cut QUALCOMM from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Citigroup reduced their target price on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Sanford C. Bernstein lifted their price target on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, Benchmark reissued a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus target price of $210.15.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $156.79 on Friday. 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 firm’s 50 day moving average is $167.82 and its two-hundred day moving average is $181.57. The firm has a market capitalization of $174.19 billion, a P/E ratio of 17.44, a PEG ratio of 2.61 and a beta of 1.28. QUALCOMM Incorporated has a 52 week low of $125.67 and a 52 week high of $230.63.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend 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 (DPR) is presently 37.82%.

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.