CreativeOne Wealth LLC Acquires 2,056 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

CreativeOne Wealth LLC grew its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 36.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,714 shares of the wireless technology company’s stock after acquiring an additional 2,056 shares during the quarter. CreativeOne Wealth LLC’s holdings in QUALCOMM were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in QCOM. Glenmede Trust Co. NA grew its position in shares of QUALCOMM by 0.7% in the third quarter. Glenmede Trust Co. NA now owns 486,014 shares of the wireless technology company’s stock valued at $82,647,000 after purchasing an additional 3,455 shares in the last quarter. Bridgewater Associates LP boosted its stake in QUALCOMM by 1,968.1% during the third quarter. Bridgewater Associates LP now owns 796,997 shares of the wireless technology company’s stock valued at $135,529,000 after buying an additional 758,459 shares during the period. Freedom Investment Management Inc. boosted its stake in QUALCOMM by 11.5% during the third quarter. Freedom Investment Management Inc. now owns 16,182 shares of the wireless technology company’s stock valued at $2,752,000 after buying an additional 1,667 shares during the period. Capital Counsel LLC NY boosted its stake in QUALCOMM by 1.7% during the third quarter. Capital Counsel LLC NY now owns 583,346 shares of the wireless technology company’s stock valued at $99,198,000 after buying an additional 9,669 shares during the period. Finally, Townsquare Capital LLC boosted its stake in QUALCOMM by 11.8% during the third quarter. Townsquare Capital LLC now owns 151,650 shares of the wireless technology company’s stock valued at $25,788,000 after buying an additional 16,054 shares during the period. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling at QUALCOMM

In other news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total value of $1,358,400.00. Following the completion of 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 3.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Neil Martin sold 1,304 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at $14,570. This represents a 93.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,450 shares of company stock valued at $2,911,306 in the last 90 days. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on QCOM. KeyCorp lowered QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein lifted their price objective on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. DZ Bank raised QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Friday, August 2nd. Wolfe Research lowered QUALCOMM from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Finally, Morgan Stanley dropped their price target on QUALCOMM from $207.00 to $204.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. One research 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. Based on data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $210.15.

QUALCOMM Trading Up 1.4 %

QCOM opened at $158.53 on Friday. The business has a 50 day simple moving average of $166.64 and a two-hundred day simple moving average of $180.74. The firm has a market capitalization of $176.13 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. QUALCOMM Incorporated has a one year low of $127.49 and a one year high of $230.63.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s payout ratio is 37.82%.

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.