Stoneridge Investment Partners LLC Has $2.37 Million Stake in QUALCOMM Incorporated (NASDAQ:QCOM)

Stoneridge Investment Partners LLC lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,932 shares of the wireless technology company’s stock after selling 213 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in QUALCOMM were worth $2,369,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Clarity Capital Partners LLC lifted its holdings in shares of QUALCOMM by 121.1% during the 3rd quarter. Clarity Capital Partners LLC now owns 4,981 shares of the wireless technology company’s stock worth $847,000 after acquiring an additional 2,728 shares during the period. Greenwood Capital Associates LLC lifted its stake in QUALCOMM by 5.5% during the third quarter. Greenwood Capital Associates LLC now owns 50,010 shares of the wireless technology company’s stock worth $8,504,000 after purchasing an additional 2,599 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of QUALCOMM by 15.4% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,061 shares of the wireless technology company’s stock valued at $520,000 after purchasing an additional 409 shares in the last quarter. Quintet Private Bank Europe S.A. boosted its holdings in shares of QUALCOMM by 38.8% in 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. Finally, PDS Planning Inc increased its stake in shares of 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 purchasing an additional 141 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In other news, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the transaction, the general counsel now directly owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the transaction, the general counsel now directly owns 12,007 shares in the company, valued at $1,981,875.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 owns 213,364 shares in the company, valued at $36,229,207.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,146 shares of company stock valued at $2,709,186. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on QCOM shares. Piper Sandler restated an “overweight” rating and set a $205.00 price objective (up from $185.00) on shares of QUALCOMM in a research report on Thursday, August 1st. JPMorgan Chase & Co. dropped their target price on shares of QUALCOMM from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, September 17th. KeyCorp lowered shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. Citigroup dropped their price objective on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 16th. Finally, StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $207.92.

QUALCOMM Trading Down 0.1 %

QCOM opened at $165.18 on Tuesday. The company has a market cap of $184.01 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.66 and a beta of 1.28. The company has a fifty day moving average price of $168.69 and a two-hundred day moving average price of $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 1-year low of $118.38 and a 1-year high of $230.63.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is currently 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.