Sweet Financial Partners LLC Increases Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Sweet Financial Partners LLC grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,906 shares of the wireless technology company’s stock after buying an additional 189 shares during the period. Sweet Financial Partners LLC’s holdings in QUALCOMM were worth $2,025,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Vista Investment Partners LLC lifted its stake in QUALCOMM by 3.4% during the third quarter. Vista Investment Partners LLC now owns 2,327 shares of the wireless technology company’s stock worth $396,000 after purchasing an additional 77 shares during the last quarter. Drake & Associates LLC raised its holdings in shares of QUALCOMM by 30.0% during the 3rd quarter. Drake & Associates LLC now owns 1,721 shares of the wireless technology company’s stock valued at $293,000 after buying an additional 397 shares in the last quarter. Trust Co. of Vermont lifted its position in QUALCOMM by 7.0% in the 3rd quarter. Trust Co. of Vermont now owns 9,433 shares of the wireless technology company’s stock worth $1,604,000 after buying an additional 614 shares during the last quarter. Cardinal Capital Management grew its position in QUALCOMM by 0.4% during the third quarter. Cardinal Capital Management now owns 63,311 shares of the wireless technology company’s stock valued at $10,766,000 after acquiring an additional 275 shares during the last quarter. Finally, Secure Asset Management LLC raised its stake in shares of QUALCOMM by 455.9% during the third quarter. Secure Asset Management LLC now owns 10,328 shares of the wireless technology company’s stock worth $1,756,000 after acquiring an additional 8,470 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other QUALCOMM news, insider Alexander H. Rogers sold 3,245 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total value of $539,156.75. Following the sale, the insider now directly owns 32,231 shares of the company’s stock, valued at approximately $5,355,180.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the completion of the sale, the chief technology officer now owns 213,364 shares of the company’s stock, valued at $36,229,207.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander H. Rogers sold 3,245 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total value of $539,156.75. Following the completion of the transaction, the insider now directly owns 32,231 shares in the company, valued at $5,355,180.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,245 shares of company stock valued at $3,679,407 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

Shares of QUALCOMM stock opened at $171.10 on Friday. QUALCOMM Incorporated has a 12 month low of $104.33 and a 12 month high of $230.63. The firm has a market capitalization of $190.95 billion, a P/E ratio of 23.00, a P/E/G ratio of 1.71 and a beta of 1.28. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $168.98 and a two-hundred day simple moving average of $182.12.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.21. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. The company had revenue of $9.39 billion during the quarter, compared to analyst estimates of $9.23 billion. On average, equities analysts forecast that QUALCOMM Incorporated will post 8.02 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 1.99%. QUALCOMM’s payout ratio is currently 45.70%.

Analyst Upgrades and Downgrades

Several research firms recently commented on QCOM. Westpark Capital reaffirmed a “hold” rating on shares of QUALCOMM in a report on Tuesday, July 30th. StockNews.com cut QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on QUALCOMM from $155.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. TD Cowen upgraded QUALCOMM to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company boosted their price objective on QUALCOMM from $140.00 to $170.00 and gave the company an “underweight” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $208.75.

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.