Aviance Capital Partners LLC Sells 236 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)

Aviance Capital Partners LLC decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,898 shares of the wireless technology company’s stock after selling 236 shares during the quarter. Aviance Capital Partners LLC’s holdings in QUALCOMM were worth $1,431,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of QCOM. International Assets Investment Management LLC increased its holdings in QUALCOMM by 12,998.7% in the 4th quarter. International Assets Investment Management LLC now owns 3,006,156 shares of the wireless technology company’s stock valued at $434,780,000 after buying an additional 2,983,206 shares during the period. Pacer Advisors Inc. increased its stake in QUALCOMM by 1,543.8% in the fourth quarter. Pacer Advisors Inc. now owns 2,831,577 shares of the wireless technology company’s stock valued at $409,531,000 after acquiring an additional 2,659,323 shares during the last quarter. Barclays PLC increased its stake in QUALCOMM by 53.6% in the third quarter. Barclays PLC now owns 5,283,274 shares of the wireless technology company’s stock valued at $586,760,000 after acquiring an additional 1,842,868 shares during the last quarter. Invesco Ltd. lifted its stake in QUALCOMM by 15.7% during the third quarter. Invesco Ltd. now owns 9,249,675 shares of the wireless technology company’s stock worth $1,027,269,000 after purchasing an additional 1,253,173 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in QUALCOMM by 48.8% during the fourth quarter. California Public Employees Retirement System now owns 3,324,303 shares of the wireless technology company’s stock worth $480,794,000 after purchasing an additional 1,090,504 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In other news, CTO James H. Thompson sold 8,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $182.00, for a total transaction of $1,456,000.00. Following the transaction, the chief technology officer now owns 253,893 shares in the company, valued at $46,208,526. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other QUALCOMM news, Director Sylvia Acevedo sold 2,056 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $178.21, for a total transaction of $366,399.76. Following the completion of the sale, the director now owns 54 shares in the company, valued at approximately $9,623.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $182.00, for a total transaction of $1,456,000.00. Following the completion of the transaction, the chief technology officer now directly owns 253,893 shares in the company, valued at $46,208,526. The disclosure for this sale can be found here. Insiders have sold 46,316 shares of company stock worth $7,796,128 in the last quarter. Company insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. TD Cowen boosted their price target on QUALCOMM from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Barclays increased their target price on shares of QUALCOMM from $155.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday. KeyCorp upped their price objective on shares of QUALCOMM from $180.00 to $205.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Bank of America raised their target price on shares of QUALCOMM from $173.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of QUALCOMM from $120.00 to $140.00 and gave the stock an “underweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and an average price target of $179.36.

QUALCOMM Trading Up 1.2 %

NASDAQ QCOM traded up $2.21 during trading hours on Monday, hitting $181.85. 6,976,661 shares of the company’s stock were exchanged, compared to its average volume of 8,731,813. The firm has a market cap of $202.94 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 2.27 and a beta of 1.33. The stock has a 50-day simple moving average of $168.19 and a 200 day simple moving average of $147.58. The company has a current ratio of 2.65, a quick ratio of 1.98 and a debt-to-equity ratio of 0.59. QUALCOMM Incorporated has a 1-year low of $101.47 and a 1-year high of $183.19.

QUALCOMM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be paid a $0.85 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.40 annualized dividend and a dividend yield of 1.87%. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.80. QUALCOMM’s payout ratio is currently 43.01%.

QUALCOMM Company 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.