Ann C. Chaplin Sells 1,901 Shares of QUALCOMM Incorporated (NASDAQ:QCOM) Stock

QUALCOMM Incorporated (NASDAQ:QCOM) General Counsel Ann C. Chaplin sold 1,901 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the sale, the general counsel now owns 12,007 shares in the company, valued at $1,981,875.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

QUALCOMM Trading Down 0.1 %

Shares of QCOM traded down $0.09 during trading hours on Monday, reaching $165.18. 4,942,764 shares of the company traded hands, compared to its average volume of 8,940,603. The company’s fifty day moving average price is $168.77 and its two-hundred day moving average price is $182.12. The company has a market capitalization of $184.01 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 1.63 and a beta of 1.28. The company has a quick ratio of 1.78, a current ratio of 2.39 and a debt-to-equity ratio of 0.53. QUALCOMM Incorporated has a 12 month low of $118.38 and a 12 month high of $230.63.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 2.06%. QUALCOMM’s dividend payout ratio (DPR) is currently 44.04%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. KeyCorp cut shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Wolfe Research cut shares of QUALCOMM from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Wells Fargo & Company raised their price objective on shares of QUALCOMM from $140.00 to $170.00 and gave the company an “underweight” rating in a research report on Thursday, August 1st. HSBC cut shares of QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price objective on the stock. in a research report on Wednesday, July 17th. Finally, Westpark Capital restated a “hold” rating on shares of QUALCOMM in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.92.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Peregrine Asset Advisers Inc. purchased a new position in QUALCOMM during the 3rd quarter valued at about $339,000. Ridgecrest Wealth Partners LLC raised its holdings in QUALCOMM by 11.8% in the third quarter. Ridgecrest Wealth Partners LLC now owns 2,947 shares of the wireless technology company’s stock worth $501,000 after buying an additional 311 shares during the last quarter. Kennebec Savings Bank purchased a new position in QUALCOMM in the third quarter worth about $548,000. Stockman Wealth Management Inc. raised its holdings in QUALCOMM by 3.5% in the third quarter. Stockman Wealth Management Inc. now owns 6,720 shares of the wireless technology company’s stock worth $1,143,000 after buying an additional 230 shares during the last quarter. Finally, River Global Investors LLP raised its holdings in QUALCOMM by 13.4% in the third quarter. River Global Investors LLP now owns 15,464 shares of the wireless technology company’s stock worth $2,629,000 after buying an additional 1,829 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

About QUALCOMM

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.