QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Aurora Investment Counsel

Aurora Investment Counsel increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 9.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,975 shares of the wireless technology company’s stock after purchasing an additional 1,194 shares during the quarter. QUALCOMM accounts for 1.3% of Aurora Investment Counsel’s holdings, making the stock its 21st largest holding. Aurora Investment Counsel’s holdings in QUALCOMM were worth $2,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Cornerstone Advisors LLC increased its stake in shares of QUALCOMM by 79.5% during the third quarter. Cornerstone Advisors LLC now owns 30,700 shares of the wireless technology company’s stock worth $5,221,000 after buying an additional 13,600 shares during the period. Citizens Financial Group Inc. RI lifted its position in shares of QUALCOMM by 0.3% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 37,826 shares of the wireless technology company’s stock worth $6,432,000 after purchasing an additional 120 shares during the last quarter. Payden & Rygel grew its stake in shares of QUALCOMM by 37.4% during the third quarter. Payden & Rygel now owns 89,200 shares of the wireless technology company’s stock worth $15,168,000 after purchasing an additional 24,300 shares in the last quarter. Moran Wealth Management LLC increased its holdings in QUALCOMM by 8.3% in the third quarter. Moran Wealth Management LLC now owns 9,636 shares of the wireless technology company’s stock valued at $1,639,000 after buying an additional 742 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in QUALCOMM by 5.0% during the 3rd quarter. Moors & Cabot Inc. now owns 32,715 shares of the wireless technology company’s stock worth $5,565,000 after buying an additional 1,569 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total transaction of $497,850.00. Following the sale, the chief financial officer now owns 51,437 shares in the company, valued at $8,535,970.15. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the sale, the chief technology officer now directly owns 213,364 shares of the company’s stock, valued at approximately $36,229,207.20. The trade was a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,146 shares of company stock worth $2,709,186. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM opened at $154.27 on Thursday. The firm has a market capitalization of $171.39 billion, a PE ratio of 17.16, a P/E/G ratio of 2.77 and a beta of 1.28. QUALCOMM Incorporated has a 12 month low of $125.67 and a 12 month high of $230.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79. The business has a 50-day moving average of $168.23 and a two-hundred day moving average of $181.93.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.85 per share. The ex-dividend date is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.20%. QUALCOMM’s dividend payout ratio (DPR) is 37.82%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on QCOM shares. Westpark Capital reissued a “hold” rating on shares of QUALCOMM in a research report on Tuesday, July 30th. Wells Fargo & Company boosted their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Benchmark reaffirmed a “buy” rating and issued a $240.00 target price on shares of QUALCOMM in a research report on Thursday, November 7th. Evercore ISI lifted their target price on shares of QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.15.

About QUALCOMM

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.