Aurora Investment Counsel Purchases 1,194 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Aurora Investment Counsel boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 9.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,975 shares of the wireless technology company’s stock after acquiring an additional 1,194 shares during the period. QUALCOMM comprises about 1.3% of Aurora Investment Counsel’s portfolio, making the stock its 21st largest position. Aurora Investment Counsel’s holdings in QUALCOMM were worth $2,376,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Cornerstone Advisors LLC raised its position in shares of QUALCOMM by 79.5% in the 3rd quarter. Cornerstone Advisors LLC now owns 30,700 shares of the wireless technology company’s stock worth $5,221,000 after acquiring an additional 13,600 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in QUALCOMM by 0.3% in the third quarter. Citizens Financial Group Inc. RI now owns 37,826 shares of the wireless technology company’s stock valued at $6,432,000 after purchasing an additional 120 shares during the last quarter. Payden & Rygel raised its holdings in QUALCOMM by 37.4% in the third quarter. Payden & Rygel now owns 89,200 shares of the wireless technology company’s stock worth $15,168,000 after purchasing an additional 24,300 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of QUALCOMM by 8.3% during the third quarter. Moran Wealth Management LLC now owns 9,636 shares of the wireless technology company’s stock valued at $1,639,000 after buying an additional 742 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in shares of QUALCOMM by 5.0% in the 3rd quarter. Moors & Cabot Inc. now owns 32,715 shares of the wireless technology company’s stock valued at $5,565,000 after buying an additional 1,569 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on QCOM. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Loop Capital started coverage on QUALCOMM in a research report on Monday, November 11th. They issued a “hold” rating and a $180.00 price objective for the company. Citigroup reduced their target price on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. TD Cowen raised QUALCOMM to a “strong-buy” rating in a report on Monday, September 16th. Finally, UBS Group upped their price objective on shares of QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $210.15.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 51,437 shares of the company’s stock, valued at $8,535,970.15. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the business’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 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. The trade was a 3.61 % 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 Price Performance

NASDAQ:QCOM opened at $154.27 on Thursday. The stock has a 50 day moving average price of $168.23 and a 200 day moving average price of $181.93. The stock has a market cap of $171.39 billion, a PE ratio of 17.16, a P/E/G ratio of 2.77 and a beta of 1.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. QUALCOMM Incorporated has a one year low of $125.67 and a one year high of $230.63.

QUALCOMM Dividend Announcement

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 paid a $0.85 dividend. The ex-dividend date is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.20%. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.

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.