Keystone Financial Services Grows Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

Keystone Financial Services boosted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 15.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,153 shares of the wireless technology company’s stock after buying an additional 284 shares during the period. Keystone Financial Services’ holdings in QUALCOMM were worth $366,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. FDx Advisors Inc. raised its holdings in QUALCOMM by 80.6% during the 3rd quarter. FDx Advisors Inc. now owns 2,016 shares of the wireless technology company’s stock valued at $343,000 after buying an additional 900 shares during the period. Lynx Investment Advisory grew its position in QUALCOMM by 9.3% in the 3rd quarter. Lynx Investment Advisory now owns 1,370 shares of the wireless technology company’s stock valued at $233,000 after acquiring an additional 116 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in QUALCOMM by 17.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 18,985 shares of the wireless technology company’s stock valued at $3,228,000 after acquiring an additional 2,834 shares during the last quarter. Versor Investments LP grew its position in QUALCOMM by 16.7% in the 3rd quarter. Versor Investments LP now owns 11,803 shares of the wireless technology company’s stock valued at $2,007,000 after acquiring an additional 1,686 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in QUALCOMM by 7.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 84,840 shares of the wireless technology company’s stock valued at $14,427,000 after acquiring an additional 6,221 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Down 1.5 %

Shares of NASDAQ:QCOM opened at $168.29 on Tuesday. QUALCOMM Incorporated has a 52-week low of $122.63 and a 52-week high of $230.63. The stock has a market cap of $186.97 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.74 and a beta of 1.28. The company has a quick ratio of 1.78, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $168.53 and a 200-day moving average price of $182.42.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s payout ratio is 37.82%.

Insider Transactions at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the sale, the chief financial officer now directly owns 51,437 shares of the company’s stock, valued at $8,535,970.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Akash J. Palkhiwala sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the sale, the chief financial officer now directly owns 51,437 shares of the company’s stock, valued at $8,535,970.15. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander H. Rogers sold 3,245 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total value of $539,156.75. Following the sale, the insider now directly owns 32,231 shares in the company, valued at approximately $5,355,180.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,146 shares of company stock worth $2,709,186 over the last three months. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on QCOM shares. UBS Group upped their price objective on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price target on QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. DZ Bank raised QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Friday, August 2nd. Susquehanna dropped their price target on QUALCOMM from $250.00 to $230.00 and set a “positive” rating on the stock in a research report on Monday, October 21st. Finally, Evercore ISI raised their price objective on QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $210.92.

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.