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

Aureus Asset Management LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 37.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,844 shares of the wireless technology company’s stock after buying an additional 504 shares during the period. Aureus Asset Management LLC’s holdings in QUALCOMM were worth $314,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QCOM. Mather Group LLC. boosted its position in QUALCOMM by 51.6% in the second quarter. Mather Group LLC. now owns 20,826 shares of the wireless technology company’s stock valued at $4,148,000 after buying an additional 7,085 shares in the last quarter. Lynx Investment Advisory acquired a new stake in QUALCOMM in the second quarter valued at approximately $250,000. Kingswood Wealth Advisors LLC boosted its position in QUALCOMM by 30.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 22,996 shares of the wireless technology company’s stock valued at $4,580,000 after buying an additional 5,387 shares in the last quarter. Astoria Portfolio Advisors LLC. boosted its position in QUALCOMM by 9.5% in the second quarter. Astoria Portfolio Advisors LLC. now owns 6,177 shares of the wireless technology company’s stock valued at $1,230,000 after buying an additional 534 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in QUALCOMM by 29.2% in the second quarter. Park Avenue Securities LLC now owns 33,245 shares of the wireless technology company’s stock valued at $6,622,000 after buying an additional 7,522 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Performance

QCOM opened at $158.53 on Monday. QUALCOMM Incorporated has a 1-year low of $127.49 and a 1-year high of $230.63. The company has a market cap of $176.13 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.67 and a beta of 1.28. The company’s fifty day moving average price is $166.64 and its two-hundred day moving average price is $180.58. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51.

QUALCOMM Dividend Announcement

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

Insider Activity 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 stock was 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 in the company, valued at approximately $14,570. This trade represents a 93.28 % decrease in their position. The sale was disclosed in a legal filing 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 Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total value of $1,358,400.00. Following the transaction, the chief technology officer now owns 213,364 shares in the company, valued at approximately $36,229,207.20. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,450 shares of company stock valued at $2,911,306. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on QCOM. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $160.00 price target on shares of QUALCOMM in a research note on Wednesday, November 20th. Wells Fargo & Company raised their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Susquehanna dropped their price target on shares of QUALCOMM from $230.00 to $210.00 and set a “positive” rating for the company in a research note on Wednesday, November 20th. Finally, TD Cowen raised shares of QUALCOMM to a “strong-buy” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.