Delta Financial Advisors LLC Buys 65 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Delta Financial Advisors LLC lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,221 shares of the wireless technology company’s stock after purchasing an additional 65 shares during the quarter. Delta Financial Advisors LLC’s holdings in QUALCOMM were worth $548,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in QCOM. TRU Independence Asset Management 2 LLC bought a new position in QUALCOMM in the 3rd quarter valued at $341,000. Catalytic Wealth RIA LLC boosted its stake in QUALCOMM by 5.0% during the third quarter. Catalytic Wealth RIA LLC now owns 7,698 shares of the wireless technology company’s stock valued at $1,309,000 after buying an additional 364 shares during the period. Peregrine Asset Advisers Inc. purchased a new position in QUALCOMM during the third quarter worth about $339,000. Ridgecrest Wealth Partners LLC increased its stake in QUALCOMM by 11.8% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 2,947 shares of the wireless technology company’s stock worth $501,000 after acquiring an additional 311 shares during the last quarter. Finally, Kennebec Savings Bank purchased a new stake in shares of QUALCOMM in the 3rd quarter valued at about $548,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on QCOM shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Westpark Capital restated a “hold” rating on shares of QUALCOMM in a research report on Tuesday, July 30th. Wells Fargo & Company lifted their price target on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday. Benchmark reiterated a “buy” rating and set a $240.00 price objective on shares of QUALCOMM in a research report on Thursday. Finally, Hsbc Global Res lowered QUALCOMM from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $212.16.

Insider Transactions at QUALCOMM

In related 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 of the company’s stock, valued at $1,981,875.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the business’s 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 sale, the general counsel now directly owns 12,007 shares of the company’s stock, valued at approximately $1,981,875.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO James H. Thompson sold 8,000 shares of the firm’s 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 transaction, the chief technology officer now 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 have sold 16,146 shares of company stock valued at $2,709,186 in the last three months. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Performance

QUALCOMM stock opened at $170.91 on Monday. QUALCOMM Incorporated has a fifty-two week low of $119.85 and a fifty-two week high of $230.63. The stock’s 50 day simple moving average is $168.53 and its two-hundred day simple moving average is $182.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.78 and a current ratio of 2.40. The stock has a market cap of $189.88 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.74 and a beta of 1.28.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

QUALCOMM Company 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.