WealthPLAN Partners LLC Has $325,000 Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

WealthPLAN Partners LLC boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 16.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,909 shares of the wireless technology company’s stock after buying an additional 275 shares during the quarter. WealthPLAN Partners LLC’s holdings in QUALCOMM were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Reston Wealth Management LLC acquired a new position in shares of QUALCOMM during the 3rd quarter worth approximately $26,000. HWG Holdings LP acquired a new position in shares of QUALCOMM in the second quarter valued at $30,000. Financial Connections Group Inc. acquired a new position in shares of QUALCOMM in the second quarter valued at $32,000. Aspect Partners LLC lifted its stake in shares of QUALCOMM by 71.8% during the 2nd quarter. Aspect Partners LLC now owns 177 shares of the wireless technology company’s stock worth $35,000 after buying an additional 74 shares during the last quarter. Finally, Accordant Advisory Group Inc bought a new stake in shares of QUALCOMM during the 3rd quarter worth about $36,000. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Down 2.9 %

Shares of NASDAQ QCOM opened at $163.41 on Wednesday. QUALCOMM Incorporated has a 12-month low of $122.63 and a 12-month high of $230.63. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51. The firm has a market cap of $181.55 billion, a PE ratio of 18.18, a P/E/G ratio of 2.01 and a beta of 1.28. The company’s fifty day simple moving average is $168.39 and its 200 day simple moving average is $182.46.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is currently 37.82%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on QCOM. Piper Sandler reiterated an “overweight” rating and issued a $205.00 price objective (up previously from $185.00) on shares of QUALCOMM in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft boosted their price target on QUALCOMM from $155.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Sanford C. Bernstein raised their price objective on QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Loop Capital started coverage on shares of QUALCOMM in a report on Monday. They set a “hold” rating and a $180.00 price target for the company. Finally, Wolfe Research cut shares of QUALCOMM from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.92.

Insider Buying and Selling

In other news, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the transaction, the general counsel now directly owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 stock was sold at an average price of $165.06, for a total transaction of $313,779.06. Following the completion of the sale, the general counsel now owns 12,007 shares in the company, valued at approximately $1,981,875.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alexander H. Rogers sold 3,245 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total transaction of $539,156.75. Following the completion of the sale, the insider now owns 32,231 shares of the company’s stock, valued at approximately $5,355,180.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,146 shares of company stock valued at $2,709,186. 0.08% of the stock is owned by company insiders.

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.