Accordant Advisory Group Inc Makes New Investment in QUALCOMM Incorporated (NASDAQ:QCOM)

Accordant Advisory Group Inc acquired a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 210 shares of the wireless technology company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Sovereign Financial Group Inc. purchased a new stake in shares of QUALCOMM during the first quarter valued at $688,000. TrueMark Investments LLC boosted its stake in shares of QUALCOMM by 24.7% during the first quarter. TrueMark Investments LLC now owns 20,024 shares of the wireless technology company’s stock valued at $3,390,000 after purchasing an additional 3,960 shares during the period. Aspiriant LLC boosted its stake in shares of QUALCOMM by 25.0% during the first quarter. Aspiriant LLC now owns 17,470 shares of the wireless technology company’s stock valued at $2,958,000 after purchasing an additional 3,490 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of QUALCOMM by 50.9% during the first quarter. Revolve Wealth Partners LLC now owns 2,305 shares of the wireless technology company’s stock valued at $390,000 after purchasing an additional 777 shares during the period. Finally, DGS Capital Management LLC purchased a new stake in shares of QUALCOMM during the first quarter valued at $265,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at QUALCOMM

In related 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 transaction of $1,358,400.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related 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 transaction of $1,358,400.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander H. Rogers sold 3,245 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total value of $539,156.75. Following the transaction, the insider now directly owns 32,231 shares in the company, valued at $5,355,180.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,245 shares of company stock worth $3,679,407 over the last 90 days. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $205.00 price objective (up from $185.00) on shares of QUALCOMM in a report on Thursday, August 1st. Westpark Capital restated a “hold” rating on shares of QUALCOMM in a report on Tuesday, July 30th. HSBC downgraded QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a report on Wednesday, July 17th. StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on QUALCOMM from $155.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.92.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $173.18 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. QUALCOMM Incorporated has a twelve month low of $104.33 and a twelve month high of $230.63. The stock has a 50 day moving average of $169.31 and a two-hundred day moving average of $182.26. The stock has a market cap of $192.92 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.71 and a beta of 1.28.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.21. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. The company had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.23 billion. On average, research analysts forecast that QUALCOMM Incorporated will post 8.02 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business 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 dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is presently 44.04%.

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.