QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Linscomb Wealth Inc.

Linscomb Wealth Inc. decreased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.5% in the 3rd quarter, Holdings Channel reports. The firm owned 85,064 shares of the wireless technology company’s stock after selling 1,270 shares during the quarter. QUALCOMM accounts for approximately 0.7% of Linscomb Wealth Inc.’s portfolio, making the stock its 18th biggest position. Linscomb Wealth Inc.’s holdings in QUALCOMM were worth $14,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QCOM. Reston Wealth Management LLC acquired a new position in QUALCOMM during the third quarter worth about $26,000. HWG Holdings LP acquired a new position in QUALCOMM during the second quarter worth about $30,000. Financial Connections Group Inc. acquired a new position in QUALCOMM during the second quarter worth about $32,000. Planning Capital Management Corp raised its position in QUALCOMM by 137.3% during the third quarter. Planning Capital Management Corp now owns 197 shares of the wireless technology company’s stock worth $34,000 after acquiring an additional 114 shares during the last quarter. Finally, Aspect Partners LLC raised its position in QUALCOMM by 71.8% during the second quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company’s stock worth $35,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on QCOM shares. Westpark Capital restated a “hold” rating on shares of QUALCOMM in a research report on Tuesday, July 30th. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Loop Capital started coverage on shares of QUALCOMM in a research report on Monday. They issued a “hold” rating and a $180.00 price objective for the company. DZ Bank raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Friday, August 2nd. Finally, Barclays boosted their price objective on shares of QUALCOMM from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $210.92.

Insider Transactions at QUALCOMM

In related news, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction on Monday, November 4th. The shares were 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 $1,981,875.42. This represents a 13.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO James H. Thompson sold 8,000 shares of the stock in a transaction on 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 directly owns 213,364 shares in the company, valued at $36,229,207.20. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,146 shares of company stock valued at $2,709,186. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Trading Down 0.7 %

QCOM traded down $1.14 during trading on Friday, hitting $162.83. 1,313,720 shares of the company’s stock were exchanged, compared to its average volume of 8,983,216. The stock has a 50 day moving average price of $168.30 and a 200 day moving average price of $182.16. QUALCOMM Incorporated has a 1 year low of $125.67 and a 1 year 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 $180.90 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 2.70 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. Stockholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. 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 2.09%. QUALCOMM’s payout ratio is currently 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.