QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Rational Advisors LLC

Rational Advisors LLC lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 10.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,750 shares of the wireless technology company’s stock after selling 310 shares during the period. Rational Advisors LLC’s holdings in QUALCOMM were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Reston Wealth Management LLC acquired a new stake in shares of QUALCOMM during the 3rd quarter worth approximately $26,000. HWG Holdings LP acquired a new stake in shares of QUALCOMM during the 2nd quarter worth approximately $30,000. Financial Connections Group Inc. acquired a new stake in shares of QUALCOMM during the 2nd quarter worth approximately $32,000. Aspect Partners LLC increased its holdings in shares of QUALCOMM by 71.8% during the 2nd quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company’s stock worth $35,000 after buying an additional 74 shares during the last quarter. Finally, Accordant Advisory Group Inc acquired a new stake in QUALCOMM in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Trading Down 0.1 %

Shares of QCOM opened at $165.18 on Tuesday. 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 firm’s 50-day moving average is $168.69 and its two-hundred day moving average is $182.14. QUALCOMM Incorporated has a twelve month low of $118.38 and a twelve month high of $230.63. The firm has a market capitalization of $184.01 billion, a P/E ratio of 21.40, a PEG ratio of 1.66 and a beta of 1.28.

QUALCOMM Announces Dividend

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 issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is presently 44.04%.

Analysts Set New Price Targets

Several research firms recently weighed in on QCOM. Piper Sandler reiterated an “overweight” rating and issued a $205.00 target price (up previously from $185.00) on shares of QUALCOMM in a report on Thursday, August 1st. JPMorgan Chase & Co. dropped their target price on shares of QUALCOMM from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, September 17th. Wolfe Research downgraded shares of QUALCOMM from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Rosenblatt Securities lifted their target price on shares of QUALCOMM from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, TD Cowen upgraded shares of QUALCOMM to a “strong-buy” rating in a report on Monday, September 16th. 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 issued a strong buy rating to the company. According to MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus target price of $207.92.

Insider Activity at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total transaction of $497,850.00. Following the sale, the chief financial officer now owns 51,437 shares in the company, valued at approximately $8,535,970.15. 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 can be accessed through this hyperlink. In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total value of $497,850.00. Following the transaction, the chief financial officer now owns 51,437 shares in the company, valued at $8,535,970.15. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander H. Rogers sold 3,245 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 32,231 shares in the company, valued at approximately $5,355,180.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,146 shares of company stock valued at $2,709,186. Company insiders own 0.08% of the company’s stock.

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.