Nwam LLC Sells 1,755 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Nwam LLC reduced its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 6.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,493 shares of the wireless technology company’s stock after selling 1,755 shares during the quarter. Nwam LLC’s holdings in QUALCOMM were worth $3,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Certified Advisory Corp grew its stake in QUALCOMM by 0.7% in the first quarter. Certified Advisory Corp now owns 11,582 shares of the wireless technology company’s stock valued at $1,770,000 after acquiring an additional 79 shares during the period. Calamos Wealth Management LLC boosted its position in shares of QUALCOMM by 4.4% during the second quarter. Calamos Wealth Management LLC now owns 1,955 shares of the wireless technology company’s stock valued at $233,000 after buying an additional 82 shares during the last quarter. Blue Fin Capital Inc. boosted its position in shares of QUALCOMM by 1.5% during the second quarter. Blue Fin Capital Inc. now owns 5,399 shares of the wireless technology company’s stock valued at $643,000 after buying an additional 82 shares during the last quarter. LMG Wealth Partners LLC boosted its position in shares of QUALCOMM by 1.7% during the second quarter. LMG Wealth Partners LLC now owns 4,947 shares of the wireless technology company’s stock valued at $589,000 after buying an additional 85 shares during the last quarter. Finally, Csenge Advisory Group boosted its position in shares of QUALCOMM by 1.1% during the first quarter. Csenge Advisory Group now owns 8,230 shares of the wireless technology company’s stock valued at $1,050,000 after buying an additional 88 shares during the last quarter. 71.10% of the stock is owned by institutional investors.

Insider Activity at QUALCOMM

In related news, CTO James H. Thompson sold 27,962 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $113.23, for a total transaction of $3,166,137.26. Following the completion of the transaction, the chief technology officer now directly owns 241,369 shares in the company, valued at $27,330,211.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CTO James H. Thompson sold 27,962 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $113.23, for a total transaction of $3,166,137.26. Following the completion of the transaction, the chief technology officer now directly owns 241,369 shares in the company, valued at $27,330,211.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider James J. Cathey sold 1,000 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $111.27, for a total value of $111,270.00. Following the transaction, the insider now owns 5,745 shares of the company’s stock, valued at $639,246.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,963 shares of company stock worth $5,377,298. 0.07% of the stock is owned by company insiders.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM traded up $0.34 during midday trading on Thursday, reaching $129.26. 634,501 shares of the company traded hands, compared to its average volume of 8,051,667. The company has a quick ratio of 1.67, a current ratio of 2.33 and a debt-to-equity ratio of 0.67. QUALCOMM Incorporated has a 12 month low of $101.47 and a 12 month high of $139.94. The firm has a market capitalization of $143.87 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. The firm’s fifty day moving average price is $112.38 and its two-hundred day moving average price is $114.53.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a dividend of $0.80 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.48%. QUALCOMM’s payout ratio is 49.84%.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several analyst reports. Morgan Stanley cut their target price on QUALCOMM from $129.00 to $119.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $145.00 price objective on shares of QUALCOMM in a research report on Thursday, September 14th. Wolfe Research initiated coverage on QUALCOMM in a research report on Wednesday, July 19th. They issued an “outperform” rating and a $145.00 price objective on the stock. Piper Sandler boosted their price objective on QUALCOMM from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Finally, KeyCorp reissued an “overweight” rating and issued a $145.00 price objective on shares of QUALCOMM in a research report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.85.

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.