United Advisor Group LLC Makes New $393,000 Investment in QUALCOMM Incorporated (NASDAQ:QCOM)

United Advisor Group LLC bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) in the third quarter, Holdings Channel reports. The institutional investor bought 2,309 shares of the wireless technology company’s stock, valued at approximately $393,000.

Several other hedge funds have also made changes to their positions in QCOM. ASB Consultores LLC increased its holdings in shares of QUALCOMM by 15.1% in the third quarter. ASB Consultores LLC now owns 1,484 shares of the wireless technology company’s stock valued at $252,000 after purchasing an additional 195 shares during the period. Clarity Capital Partners LLC increased its stake in QUALCOMM by 121.1% in the 3rd quarter. Clarity Capital Partners LLC now owns 4,981 shares of the wireless technology company’s stock valued at $847,000 after buying an additional 2,728 shares during the period. Greenwood Capital Associates LLC raised its position in QUALCOMM by 5.5% during the 3rd quarter. Greenwood Capital Associates LLC now owns 50,010 shares of the wireless technology company’s stock worth $8,504,000 after buying an additional 2,599 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of QUALCOMM by 15.4% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,061 shares of the wireless technology company’s stock worth $520,000 after acquiring an additional 409 shares during the period. Finally, Quintet Private Bank Europe S.A. boosted its holdings in shares of QUALCOMM by 38.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 3,428 shares of the wireless technology company’s stock valued at $583,000 after acquiring an additional 958 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Performance

QUALCOMM stock opened at $165.91 on Wednesday. The stock has a fifty day moving average price of $168.53 and a 200 day moving average price of $182.20. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. QUALCOMM Incorporated has a 52 week low of $118.38 and a 52 week high of $230.63. The firm has a market capitalization of $184.82 billion, a P/E ratio of 21.49, a PEG ratio of 1.66 and a beta of 1.28.

QUALCOMM Announces Dividend

The business also recently disclosed 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 2.05%. QUALCOMM’s payout ratio is currently 44.04%.

Insider Buying and Selling

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $165.06, for a total transaction of $313,779.06. Following the transaction, the general counsel now owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the transaction, the general counsel now directly owns 12,007 shares of the company’s stock, valued at $1,981,875.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the sale, 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,146 shares of company stock valued at $2,709,186. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of recent analyst reports. KeyCorp downgraded shares of QUALCOMM from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 8th. Rosenblatt Securities lifted their price target on QUALCOMM from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wolfe Research cut QUALCOMM from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Citigroup decreased their target price on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $205.00 price target (up previously from $185.00) on shares of QUALCOMM in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $207.29.

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.