QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Court Place Advisors LLC

Court Place Advisors LLC raised its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 14.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,284 shares of the wireless technology company’s stock after buying an additional 1,666 shares during the quarter. Court Place Advisors LLC’s holdings in QUALCOMM were worth $2,259,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cullinan Associates Inc. raised its position in shares of QUALCOMM by 10.1% during the 3rd quarter. Cullinan Associates Inc. now owns 20,012 shares of the wireless technology company’s stock valued at $3,361,000 after acquiring an additional 1,834 shares in the last quarter. Ballentine Partners LLC increased its stake in QUALCOMM by 3.3% during the third quarter. Ballentine Partners LLC now owns 25,662 shares of the wireless technology company’s stock valued at $4,364,000 after purchasing an additional 824 shares during the last quarter. Garrison Point Advisors LLC raised its holdings in shares of QUALCOMM by 2.3% during the third quarter. Garrison Point Advisors LLC now owns 6,760 shares of the wireless technology company’s stock worth $1,150,000 after purchasing an additional 150 shares during the period. Busey Bank lifted its position in shares of QUALCOMM by 2.3% in the 3rd quarter. Busey Bank now owns 155,336 shares of the wireless technology company’s stock worth $26,415,000 after buying an additional 3,534 shares during the last quarter. Finally, Silver Oak Securities Incorporated boosted its holdings in shares of QUALCOMM by 196.8% in the 3rd quarter. Silver Oak Securities Incorporated now owns 8,796 shares of the wireless technology company’s stock valued at $1,496,000 after buying an additional 5,832 shares during the period. Institutional investors own 74.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Hsbc Global Res cut shares of QUALCOMM from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 17th. Barclays raised their price target on QUALCOMM from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Robert W. Baird upped their price objective on QUALCOMM from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft raised 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. Finally, TD Cowen raised shares of QUALCOMM to a “strong-buy” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $207.92.

QUALCOMM Price Performance

Shares of NASDAQ QCOM traded up $4.17 during midday trading on Friday, reaching $172.27. The company’s stock had a trading volume of 806,780 shares, compared to its average volume of 8,974,321. QUALCOMM Incorporated has a one year low of $104.33 and a one year high of $230.63. The company has a market cap of $191.91 billion, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.74 and a beta of 1.28. The company has a 50 day moving average price of $169.30 and a 200 day moving average price of $182.15. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53.

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

QUALCOMM Dividend Announcement

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 given a $0.85 dividend. The ex-dividend date is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.97%. QUALCOMM’s dividend payout ratio (DPR) is 44.04%.

Insider Buying and Selling

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $160.50, for a total transaction of $1,284,000.00. Following the completion of the sale, the chief technology officer now directly owns 229,987 shares of the company’s stock, valued at approximately $36,912,913.50. 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 available through this hyperlink. In other news, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $160.50, for a total transaction of $1,284,000.00. Following the sale, the chief technology officer now owns 229,987 shares in the company, valued at $36,912,913.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $539,156.75. Following the completion of the sale, the insider now owns 32,231 shares of the company’s stock, valued at approximately $5,355,180.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,245 shares of company stock valued at $3,679,407. 0.08% of the stock is owned by corporate insiders.

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.