QUALCOMM Incorporated (NASDAQ:QCOM) Position Boosted by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOMFree Report) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,608 shares of the wireless technology company’s stock after acquiring an additional 174 shares during the quarter. Gamco Investors INC. ET AL’s holdings in QUALCOMM were worth $1,511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rheos Capital Works Inc. boosted its holdings in QUALCOMM by 36.8% during the third quarter. Rheos Capital Works Inc. now owns 157,900 shares of the wireless technology company’s stock worth $17,536,000 after buying an additional 42,500 shares in the last quarter. Stock Yards Bank & Trust Co. boosted its stake in shares of QUALCOMM by 1.6% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 39,999 shares of the wireless technology company’s stock worth $4,761,000 after acquiring an additional 638 shares in the last quarter. DCF Advisers LLC grew its holdings in shares of QUALCOMM by 40.0% in the 2nd quarter. DCF Advisers LLC now owns 7,000 shares of the wireless technology company’s stock worth $833,000 after acquiring an additional 2,000 shares during the last quarter. HF Advisory Group LLC acquired a new stake in shares of QUALCOMM during the third quarter worth $629,000. Finally, DnB Asset Management AS lifted its holdings in shares of QUALCOMM by 31.1% during the third quarter. DnB Asset Management AS now owns 908,457 shares of the wireless technology company’s stock valued at $100,893,000 after purchasing an additional 215,522 shares during the last quarter. 71.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other QUALCOMM news, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the completion of the transaction, the chief executive officer now owns 32,400 shares of the company’s stock, valued at approximately $4,843,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider James J. Cathey sold 1,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $124.00, for a total transaction of $124,000.00. Following the transaction, the insider now owns 3,745 shares in the company, valued at approximately $464,380. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Cristiano R. Amon sold 8,100 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $149.50, for a total transaction of $1,210,950.00. Following the transaction, the chief executive officer now owns 32,400 shares in the company, valued at approximately $4,843,800. The disclosure for this sale can be found here. Insiders sold a total of 13,198 shares of company stock valued at $1,876,690 in the last quarter. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 1.9 %

QCOM stock opened at $151.00 on Friday. The firm has a market cap of $168.52 billion, a PE ratio of 21.88, a PEG ratio of 2.02 and a beta of 1.42. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.63. QUALCOMM Incorporated has a 1 year low of $101.47 and a 1 year high of $157.98. The company has a fifty day simple moving average of $142.52 and a 200 day simple moving average of $125.19.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Thursday, February 29th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Wednesday, February 28th. QUALCOMM’s dividend payout ratio is 46.38%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. DZ Bank raised QUALCOMM from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research note on Friday, November 3rd. Rosenblatt Securities lifted their target price on shares of QUALCOMM from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Morgan Stanley downgraded shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $119.00 to $132.00 in a research report on Friday, December 8th. TD Cowen lifted their price objective on shares of QUALCOMM from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, StockNews.com upgraded shares of QUALCOMM from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.71.

View Our Latest Report on QCOM

QUALCOMM Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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