Crestwood Advisors Group LLC Boosts Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Crestwood Advisors Group LLC lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 295,014 shares of the wireless technology company’s stock after acquiring an additional 348 shares during the quarter. Crestwood Advisors Group LLC’s holdings in QUALCOMM were worth $50,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QCOM. W.H. Cornerstone Investments Inc. bought a new position in shares of QUALCOMM in the third quarter worth approximately $255,000. Capital Management Corp VA lifted its stake in shares of QUALCOMM by 8.8% during the 3rd quarter. Capital Management Corp VA now owns 86,439 shares of the wireless technology company’s stock valued at $14,699,000 after buying an additional 6,978 shares in the last quarter. Amalgamated Bank boosted its holdings in QUALCOMM by 4.4% in the 3rd quarter. Amalgamated Bank now owns 249,772 shares of the wireless technology company’s stock worth $42,474,000 after buying an additional 10,629 shares during the period. United Advisor Group LLC purchased a new stake in QUALCOMM in the 3rd quarter worth $393,000. Finally, ASB Consultores LLC raised its holdings in QUALCOMM by 15.1% during the third quarter. ASB Consultores LLC now owns 1,484 shares of the wireless technology company’s stock valued at $252,000 after acquiring an additional 195 shares during the period. Institutional investors own 74.35% of the company’s stock.

Insider Activity

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated 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 transaction, the chief technology officer now directly owns 213,364 shares in the company, valued at $36,229,207.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was 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 approximately $36,229,207.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Ann C. Chaplin sold 1,901 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares in the company, valued at approximately $1,981,875.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,146 shares of company stock valued at $2,709,186. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

QCOM has been the subject of several research analyst reports. TD Cowen upgraded QUALCOMM to a “strong-buy” rating in a research report on Monday, September 16th. Susquehanna cut their price objective on shares of QUALCOMM from $250.00 to $230.00 and set a “positive” rating for the company in a report on Monday, October 21st. HSBC downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a report on Wednesday, July 17th. JPMorgan Chase & Co. reduced their price target on shares of QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Wolfe Research downgraded shares of QUALCOMM from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. One 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $207.29.

QUALCOMM Trading Up 0.7 %

Shares of NASDAQ QCOM traded up $1.14 during midday trading on Tuesday, hitting $166.32. The company’s stock had a trading volume of 382,322 shares, compared to its average volume of 8,900,644. QUALCOMM Incorporated has a 12-month low of $118.38 and a 12-month high of $230.63. 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 has a market cap of $185.28 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 1.66 and a beta of 1.28. The business’s 50 day moving average is $168.69 and its two-hundred day moving average is $182.14.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 annualized dividend and a dividend yield of 2.04%. QUALCOMM’s dividend payout ratio (DPR) is 44.04%.

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.