QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,341 shares of the wireless technology company’s stock after selling 1,786 shares during the quarter. Hantz Financial Services Inc.’s holdings in QUALCOMM were worth $8,731,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of QCOM. LRI Investments LLC acquired a new position in shares of QUALCOMM in the first quarter worth about $44,000. American Trust grew its position in QUALCOMM by 3.4% during the 1st quarter. American Trust now owns 3,330 shares of the wireless technology company’s stock worth $564,000 after purchasing an additional 110 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new stake in QUALCOMM during the 1st quarter valued at $249,000. Transcend Capital Advisors LLC lifted its holdings in shares of QUALCOMM by 1.4% in the second quarter. Transcend Capital Advisors LLC now owns 12,335 shares of the wireless technology company’s stock valued at $2,457,000 after purchasing an additional 169 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of QUALCOMM by 91.1% in the second quarter. GAMMA Investing LLC now owns 13,752 shares of the wireless technology company’s stock worth $2,739,000 after buying an additional 6,554 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Trading Up 1.4 %

Shares of NASDAQ:QCOM opened at $158.53 on Friday. The stock’s 50-day moving average is $166.64 and its 200-day moving average is $180.74. QUALCOMM Incorporated has a 52-week low of $127.49 and a 52-week high of $230.63. The company has a market cap of $176.13 billion, a P/E ratio of 17.63, a P/E/G ratio of 2.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.85 dividend. 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 37.82%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 1,304 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This trade represents a 93.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total value of $497,850.00. Following the completion of the transaction, the chief financial officer now directly owns 51,437 shares of the company’s stock, valued at approximately $8,535,970.15. This trade represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,450 shares of company stock worth $2,911,306. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several recent analyst reports. Citigroup dropped their price target on QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. Sanford C. Bernstein upped their target price on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. KeyCorp cut shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 8th. DZ Bank raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research report on Friday, August 2nd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $160.00 target price on shares of QUALCOMM in a research report on Wednesday, November 20th. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $210.15.

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.