Natixis Advisors LLC Decreases Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Natixis Advisors LLC cut its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 919,559 shares of the wireless technology company’s stock after selling 57,530 shares during the period. Natixis Advisors LLC owned approximately 0.08% of QUALCOMM worth $156,371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of QCOM. Mizuho Markets Americas LLC boosted its position in QUALCOMM by 2,965.8% during the third quarter. Mizuho Markets Americas LLC now owns 48,378 shares of the wireless technology company’s stock worth $8,227,000 after purchasing an additional 46,800 shares in the last quarter. First Long Island Investors LLC raised its stake in shares of QUALCOMM by 0.3% during the 3rd quarter. First Long Island Investors LLC now owns 186,909 shares of the wireless technology company’s stock worth $31,784,000 after buying an additional 532 shares during the last quarter. KCM Investment Advisors LLC boosted its position in shares of QUALCOMM by 3.7% in the 3rd quarter. KCM Investment Advisors LLC now owns 43,105 shares of the wireless technology company’s stock worth $7,330,000 after buying an additional 1,525 shares in the last quarter. Valley Wealth Managers Inc. boosted its position in shares of QUALCOMM by 9.0% in the 3rd quarter. Valley Wealth Managers Inc. now owns 30,674 shares of the wireless technology company’s stock worth $5,216,000 after buying an additional 2,522 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in QUALCOMM by 48.4% in the 3rd quarter. Empowered Funds LLC now owns 122,371 shares of the wireless technology company’s stock valued at $20,809,000 after acquiring an additional 39,894 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at QUALCOMM

In other QUALCOMM news, General Counsel Ann C. Chaplin sold 1,901 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the transaction, the general counsel now directly owns 12,007 shares of the company’s stock, valued at $1,981,875.42. This represents a 13.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction dated 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 sale, the chief technology officer now owns 213,364 shares of the company’s stock, valued at $36,229,207.20. This represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,146 shares of company stock valued at $2,709,186 over the last quarter. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $160.50 on Friday. 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 market cap of $178.32 billion, a PE ratio of 17.85, a P/E/G ratio of 2.70 and a beta of 1.28. The company’s fifty day simple moving average is $168.35 and its 200-day simple moving average is $182.10. QUALCOMM Incorporated has a 52 week low of $125.67 and a 52 week high of $230.63.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, December 5th. QUALCOMM’s dividend payout ratio is presently 37.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup cut their target price on shares of QUALCOMM from $200.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. UBS Group increased their target price on QUALCOMM from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their price target on QUALCOMM from $170.00 to $175.00 and gave the stock an “underweight” rating in a research report on Thursday, November 7th. Finally, Sanford C. Bernstein upped their price objective on QUALCOMM from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.92.

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.