Aureus Asset Management LLC Has $314,000 Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Aureus Asset Management LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 37.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,844 shares of the wireless technology company’s stock after purchasing an additional 504 shares during the period. Aureus Asset Management LLC’s holdings in QUALCOMM were worth $314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC acquired a new position in QUALCOMM in the 3rd quarter worth $775,000. B&L Asset Management LLC acquired a new position in QUALCOMM in the 3rd quarter worth $632,000. Erste Asset Management GmbH acquired a new position in QUALCOMM in the 3rd quarter worth $15,657,000. Semmax Financial Advisors Inc. boosted its stake in QUALCOMM by 57.8% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 10,600 shares of the wireless technology company’s stock worth $1,732,000 after purchasing an additional 3,884 shares during the period. Finally, ARGA Investment Management LP boosted its stake in shares of QUALCOMM by 18.8% during the 3rd quarter. ARGA Investment Management LP now owns 6,338 shares of the wireless technology company’s stock worth $1,078,000 after buying an additional 1,001 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Stock Up 1.4 %

QUALCOMM stock opened at $158.53 on Monday. QUALCOMM Incorporated has a twelve month low of $127.49 and a twelve month high of $230.63. The company’s 50-day moving average price is $166.64 and its two-hundred day moving average price is $180.58. The stock has a market cap of $176.13 billion, a P/E ratio of 17.63, a P/E/G ratio of 2.67 and a beta of 1.28. The company has a quick ratio of 1.79, a current ratio of 2.40 and a debt-to-equity ratio of 0.51.

QUALCOMM Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on QCOM shares. Wells Fargo & Company increased their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research note on Thursday, November 7th. KeyCorp downgraded shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein increased their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Cantor Fitzgerald restated a “neutral” rating and set a $160.00 price objective on shares of QUALCOMM in a research note on Wednesday, November 20th. Finally, Evercore ISI increased their price objective on shares of QUALCOMM from $190.00 to $199.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and a consensus price target of $210.15.

Insider Transactions at QUALCOMM

In other news, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total transaction of $202,120.00. Following the transaction, the chief accounting officer now directly owns 94 shares of the company’s stock, valued at approximately $14,570. This trade represents a 93.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the transaction, the chief technology officer now directly owns 213,364 shares in the company, valued at $36,229,207.20. This represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,450 shares of company stock valued at $2,911,306. 0.08% of the stock is currently owned by company insiders.

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.