Wilson & Boucher Capital Management LLC Sells 181 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Wilson & Boucher Capital Management LLC lessened its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,099 shares of the wireless technology company’s stock after selling 181 shares during the quarter. Wilson & Boucher Capital Management LLC’s holdings in QUALCOMM were worth $867,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QCOM. Reston Wealth Management LLC bought a new stake in shares of QUALCOMM in the 3rd quarter worth about $26,000. HWG Holdings LP bought a new stake in shares of QUALCOMM in the 2nd quarter worth about $30,000. Financial Connections Group Inc. bought a new stake in QUALCOMM during the 2nd quarter valued at about $32,000. Planning Capital Management Corp lifted its holdings in QUALCOMM by 137.3% during the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock valued at $34,000 after buying an additional 114 shares in the last quarter. Finally, Accordant Advisory Group Inc bought a new stake in QUALCOMM during the 3rd quarter valued at about $36,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 2.7 %

Shares of QUALCOMM stock opened at $156.46 on Wednesday. The firm’s 50 day moving average price is $165.75 and its 200-day moving average price is $179.03. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. QUALCOMM Incorporated has a 52-week low of $134.07 and a 52-week high of $230.63. The company has a market cap of $173.83 billion, a P/E ratio of 17.40, a PEG ratio of 2.67 and a beta of 1.25.

QUALCOMM Dividend Announcement

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

Insider Buying and Selling

In related news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 directly owns 213,364 shares in the company, valued at $36,229,207.20. This trade represents a 3.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $161.54, for a total transaction of $484,620.00. Following the sale, the chief financial officer now owns 48,778 shares of the company’s stock, valued at approximately $7,879,598.12. The trade was a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,450 shares of company stock worth $3,395,926 in the last three months. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on QCOM shares. Sanford C. Bernstein lifted their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Melius Research started coverage on shares of QUALCOMM in a report on Monday. They set a “hold” rating and a $180.00 price objective for the company. TD Cowen upgraded shares of QUALCOMM to a “strong-buy” rating in a report on Monday, September 16th. Susquehanna decreased their price objective on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, November 20th. Finally, KeyCorp lowered shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.00.

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.