Aptus Capital Advisors LLC Purchases 4,690 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Aptus Capital Advisors LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 33.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,849 shares of the wireless technology company’s stock after buying an additional 4,690 shares during the quarter. Aptus Capital Advisors LLC’s holdings in QUALCOMM were worth $3,205,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cumberland Partners Ltd boosted its holdings in QUALCOMM by 75.0% in the third quarter. Cumberland Partners Ltd now owns 7,000 shares of the wireless technology company’s stock worth $1,190,000 after acquiring an additional 3,000 shares in the last quarter. Aigen Investment Management LP acquired a new position in QUALCOMM in the third quarter valued at approximately $801,000. Savvy Advisors Inc. lifted its holdings in QUALCOMM by 213.0% in the third quarter. Savvy Advisors Inc. now owns 4,084 shares of the wireless technology company’s stock valued at $694,000 after acquiring an additional 2,779 shares during the period. Rakuten Securities Inc. lifted its holdings in QUALCOMM by 47.9% in the third quarter. Rakuten Securities Inc. now owns 8,317 shares of the wireless technology company’s stock valued at $1,414,000 after acquiring an additional 2,692 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in QUALCOMM by 1.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,289,764 shares of the wireless technology company’s stock valued at $559,424,000 after acquiring an additional 49,047 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on QCOM. StockNews.com downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. KeyCorp cut QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Piper Sandler restated an “overweight” rating and issued a $205.00 price objective (up from $185.00) on shares of QUALCOMM in a research report on Thursday, August 1st. Wolfe Research cut QUALCOMM from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Finally, UBS Group boosted their price target on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.92.

QUALCOMM Price Performance

QCOM opened at $160.42 on Thursday. The stock’s 50-day moving average price is $168.39 and its 200 day moving average price is $182.44. QUALCOMM Incorporated has a 12-month low of $125.67 and a 12-month high of $230.63. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. The firm has a market cap of $178.23 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 2.75 and a beta of 1.28.

QUALCOMM Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s payout ratio is 37.82%.

Insider Buying and Selling

In related news, CTO James H. Thompson sold 8,000 shares of the 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 transaction, the chief technology officer now owns 213,364 shares of the company’s stock, valued at approximately $36,229,207.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other QUALCOMM news, 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction dated 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 owns 51,437 shares in the company, valued at approximately $8,535,970.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,146 shares of company stock valued at $2,709,186. Corporate insiders own 0.08% of the company’s stock.

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.