QUALCOMM Incorporated (NASDAQ:QCOM) Shares Bought by DiNuzzo Private Wealth Inc.

DiNuzzo Private Wealth Inc. raised its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 37.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324 shares of the wireless technology company’s stock after buying an additional 88 shares during the period. DiNuzzo Private Wealth Inc.’s holdings in QUALCOMM were worth $55,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Onyx Bridge Wealth Group LLC grew its stake in QUALCOMM by 5.6% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 3,472 shares of the wireless technology company’s stock valued at $590,000 after purchasing an additional 184 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of QUALCOMM by 39.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 176,817 shares of the wireless technology company’s stock worth $30,068,000 after buying an additional 50,438 shares in the last quarter. Sweet Financial Partners LLC increased its stake in shares of QUALCOMM by 1.6% in the third quarter. Sweet Financial Partners LLC now owns 11,906 shares of the wireless technology company’s stock worth $2,025,000 after buying an additional 189 shares during the last quarter. Vista Investment Partners LLC boosted its stake in QUALCOMM by 3.4% during the 3rd quarter. Vista Investment Partners LLC now owns 2,327 shares of the wireless technology company’s stock valued at $396,000 after acquiring an additional 77 shares during the last quarter. Finally, Drake & Associates LLC grew its holdings in QUALCOMM by 30.0% during the 3rd quarter. Drake & Associates LLC now owns 1,721 shares of the wireless technology company’s stock worth $293,000 after acquiring an additional 397 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Alexander H. Rogers sold 3,245 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total transaction of $539,156.75. Following the completion of the transaction, the insider now directly owns 32,231 shares in the company, valued at $5,355,180.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Alexander H. Rogers sold 3,245 shares of QUALCOMM stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total transaction of $539,156.75. Following the sale, the insider now directly owns 32,231 shares of the company’s stock, valued at $5,355,180.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total value of $497,850.00. Following the sale, the chief financial officer now directly owns 51,437 shares in the company, valued at $8,535,970.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,245 shares of company stock valued at $3,679,407. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QCOM. Cantor Fitzgerald cut their target price on shares of QUALCOMM from $215.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and set a $205.00 target price (up previously from $185.00) on shares of QUALCOMM in a report on Thursday, August 1st. JPMorgan Chase & Co. lowered their price target on QUALCOMM from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, September 17th. Tigress Financial raised their price objective on QUALCOMM from $238.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, June 21st. Finally, Barclays boosted their target price on shares of QUALCOMM from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $208.75.

QUALCOMM Stock Down 0.2 %

Shares of QCOM stock opened at $171.10 on Friday. The stock’s 50 day simple moving average is $168.98 and its 200 day simple moving average is $182.12. QUALCOMM Incorporated has a twelve month low of $104.33 and a twelve month high of $230.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.78 and a current ratio of 2.39. The company has a market capitalization of $190.61 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.79 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, topping analysts’ consensus estimates of $1.72 by $0.21. The business had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.23 billion. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. As a group, research analysts predict that QUALCOMM Incorporated will post 8.02 EPS for the current year.

QUALCOMM Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.99%. QUALCOMM’s payout ratio 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.