Alterna Wealth Management Inc. Has $217,000 Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Alterna Wealth Management Inc. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 12.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,274 shares of the wireless technology company’s stock after selling 175 shares during the period. Alterna Wealth Management Inc.’s holdings in QUALCOMM were worth $217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Hazlett Burt & Watson Inc. increased its holdings in shares of QUALCOMM by 15.4% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,061 shares of the wireless technology company’s stock worth $520,000 after purchasing an additional 409 shares during the period. Quintet Private Bank Europe S.A. increased its holdings in QUALCOMM by 38.8% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 3,428 shares of the wireless technology company’s stock valued at $583,000 after purchasing an additional 958 shares in the last quarter. PDS Planning Inc increased its position in QUALCOMM by 3.6% in the 3rd quarter. PDS Planning Inc now owns 4,046 shares of the wireless technology company’s stock valued at $688,000 after acquiring an additional 141 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in QUALCOMM by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 445,153 shares of the wireless technology company’s stock valued at $75,698,000 after buying an additional 1,432 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in QUALCOMM by 1.6% during the 3rd quarter. QRG Capital Management Inc. now owns 300,969 shares of the wireless technology company’s stock worth $51,180,000 after purchasing an additional 4,651 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wolfe Research downgraded QUALCOMM from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Rosenblatt Securities increased their price objective on shares of QUALCOMM from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lowered their price objective on shares of QUALCOMM from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 17th. Wells Fargo & Company upped their price objective on shares of QUALCOMM from $140.00 to $170.00 and gave the company an “underweight” rating in a report on Thursday, August 1st. Finally, HSBC cut QUALCOMM from a “buy” rating to a “hold” rating and set a $200.00 price objective on the stock. in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $207.92.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction 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 of the company’s stock, valued at approximately $36,229,207.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, General Counsel Ann C. Chaplin sold 1,901 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the sale, the general counsel now directly owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief technology officer now directly owns 213,364 shares of the company’s stock, valued at $36,229,207.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,146 shares of company stock worth $2,709,186 over the last three months. 0.08% of the stock is owned by company insiders.

QUALCOMM Trading Down 0.1 %

NASDAQ QCOM opened at $165.18 on Tuesday. The firm has a market capitalization of $184.01 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 1.66 and a beta of 1.28. The business’s 50-day moving average price is $168.69 and its two-hundred day moving average price is $182.14. 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 12 month low of $118.38 and a 12 month high of $230.63.

QUALCOMM Dividend Announcement

The company also recently disclosed 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. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s dividend payout ratio is currently 44.04%.

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.