RS Crum Inc. Lowers Position in QUALCOMM Incorporated (NASDAQ:QCOM)

RS Crum Inc. decreased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,850 shares of the wireless technology company’s stock after selling 250 shares during the quarter. RS Crum Inc.’s holdings in QUALCOMM were worth $825,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Townsquare Capital LLC raised its holdings in QUALCOMM by 11.8% in the third quarter. Townsquare Capital LLC now owns 151,650 shares of the wireless technology company’s stock valued at $25,788,000 after acquiring an additional 16,054 shares in the last quarter. Cadence Bank lifted its stake in shares of QUALCOMM by 1.2% in the third quarter. Cadence Bank now owns 65,385 shares of the wireless technology company’s stock valued at $11,119,000 after purchasing an additional 781 shares during the period. Shum Financial Group Inc. purchased a new position in shares of QUALCOMM in the third quarter valued at $1,135,000. Principal Street Partners LLC raised its holdings in shares of QUALCOMM by 91.9% in the third quarter. Principal Street Partners LLC now owns 2,303 shares of the wireless technology company’s stock worth $392,000 after acquiring an additional 1,103 shares during the last quarter. Finally, Avestar Capital LLC lifted its stake in shares of QUALCOMM by 4.7% during the third quarter. Avestar Capital LLC now owns 11,868 shares of the wireless technology company’s stock valued at $2,018,000 after buying an additional 538 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of recent research reports. Wolfe Research lowered QUALCOMM from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of QUALCOMM from $155.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. dropped their price target on QUALCOMM from $210.00 to $195.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Evercore ISI increased their price target on shares of QUALCOMM from $190.00 to $199.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, UBS Group upped their price objective on QUALCOMM from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. 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. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.15.

Insider Transactions at QUALCOMM

In related news, CAO Neil Martin sold 1,304 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now directly owns 94 shares in the company, valued at $14,570. This represents a 93.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were 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 in the company, valued at $8,535,970.15. This trade represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,450 shares of company stock valued at $2,911,306. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Down 1.2 %

QUALCOMM stock opened at $156.93 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 1.79 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $167.43 and a 200 day simple moving average of $181.26. QUALCOMM Incorporated has a 1-year low of $125.67 and a 1-year high of $230.63. The company has a market cap of $174.35 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.67 and a beta of 1.28.

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 given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.17%. QUALCOMM’s payout ratio is presently 37.82%.

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.