Cape Cod Five Cents Savings Bank Sells 4,486 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Cape Cod Five Cents Savings Bank decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 10.9% in the 3rd quarter, Holdings Channel reports. The fund owned 36,735 shares of the wireless technology company’s stock after selling 4,486 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in QUALCOMM were worth $6,247,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new position in QUALCOMM during the second quarter worth about $30,000. Reston Wealth Management LLC purchased a new stake in shares of QUALCOMM during the 3rd quarter valued at approximately $26,000. Financial Connections Group Inc. bought a new position in QUALCOMM in the 2nd quarter worth approximately $32,000. Planning Capital Management Corp grew its stake in QUALCOMM by 137.3% in the 3rd quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock valued at $34,000 after buying an additional 114 shares in the last quarter. Finally, McClarren Financial Advisors Inc. lifted its position in shares of QUALCOMM by 43.2% during the second quarter. McClarren Financial Advisors Inc. now owns 199 shares of the wireless technology company’s stock worth $40,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Neil Martin sold 1,304 shares of QUALCOMM stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now owns 94 shares in the company, valued at $14,570. The trade was a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 20,450 shares of company stock valued at $3,395,926 in the last quarter. Insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on QCOM shares. TD Cowen upgraded QUALCOMM to a “strong-buy” rating in a research report on Monday, September 16th. Morgan Stanley decreased their price target on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Susquehanna lowered their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating on the stock in a report on Wednesday, November 20th. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Citigroup lowered their target price on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.15.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $159.51 on Monday. 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 fifty-two week low of $130.39 and a fifty-two week high of $230.63. The company has a market capitalization of $177.22 billion, a P/E ratio of 17.74, a PEG ratio of 2.67 and a beta of 1.25. The stock has a 50 day moving average price of $165.93 and a two-hundred day moving average price of $179.32.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 annualized dividend and a yield of 2.13%. QUALCOMM’s payout ratio is currently 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.