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

Exencial Wealth Advisors LLC reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 90,642 shares of the wireless technology company’s stock after selling 2,272 shares during the period. Exencial Wealth Advisors LLC’s holdings in QUALCOMM were worth $15,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Baugh & Associates LLC grew its position in QUALCOMM by 16.7% during the 3rd quarter. Baugh & Associates LLC now owns 26,823 shares of the wireless technology company’s stock worth $4,418,000 after purchasing an additional 3,846 shares during the period. Advisor Resource Council acquired a new stake in QUALCOMM during the 3rd quarter worth about $1,234,000. Graypoint LLC boosted its stake in shares of QUALCOMM by 3.6% during the 3rd quarter. Graypoint LLC now owns 8,211 shares of the wireless technology company’s stock worth $1,396,000 after acquiring an additional 288 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in shares of QUALCOMM during the 3rd quarter worth about $273,000. Finally, M&G PLC boosted its stake in shares of QUALCOMM by 31.5% during the 3rd quarter. M&G PLC now owns 939,502 shares of the wireless technology company’s stock worth $159,715,000 after acquiring an additional 224,836 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at QUALCOMM

In other 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. In other 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the sale, the chief technology officer now owns 213,364 shares of the company’s stock, valued at $36,229,207.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,146 shares of company stock worth $2,709,186 in the last 90 days. Insiders own 0.08% of the company’s stock.

QUALCOMM Trading Up 4.3 %

QCOM opened at $172.99 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.78. The company’s 50 day simple moving average is $168.55 and its two-hundred day simple moving average is $182.14. QUALCOMM Incorporated has a 1-year low of $119.15 and a 1-year high of $230.63. The firm has a market capitalization of $192.71 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.66 and a beta of 1.28.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.85 per share. The ex-dividend date of this dividend 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 is currently 44.04%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QCOM. Wells Fargo & Company increased their target price on shares of QUALCOMM from $140.00 to $170.00 and gave the stock an “underweight” rating in a research note on Thursday, August 1st. Susquehanna lowered their target price on shares of QUALCOMM from $250.00 to $230.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Piper Sandler reissued an “overweight” rating and set a $205.00 target price (up from $185.00) on shares of QUALCOMM in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, KeyCorp lowered shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.29.

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.