OneDigital Investment Advisors LLC Increases Stock Position in QUALCOMM Incorporated (NASDAQ:QCOM)

OneDigital Investment Advisors LLC increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,997 shares of the wireless technology company’s stock after buying an additional 1,098 shares during the period. OneDigital Investment Advisors LLC’s holdings in QUALCOMM were worth $17,175,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Leelyn Smith LLC acquired a new stake in shares of QUALCOMM during the first quarter worth approximately $208,000. Cumberland Partners Ltd acquired a new position in QUALCOMM during the 1st quarter worth $1,100,000. M&G Plc bought a new stake in shares of QUALCOMM in the 1st quarter worth about $129,388,000. Pinkerton Retirement Specialists LLC raised its stake in shares of QUALCOMM by 17.5% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 23,777 shares of the wireless technology company’s stock valued at $4,025,000 after purchasing an additional 3,546 shares in the last quarter. Finally, AI Squared Management Ltd acquired a new stake in shares of QUALCOMM in the 1st quarter valued at about $2,793,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on QCOM. Susquehanna lowered their price objective on QUALCOMM from $250.00 to $230.00 and set a “positive” rating for the company in a report on Monday, October 21st. Benchmark reiterated a “buy” rating and issued a $240.00 price target on shares of QUALCOMM in a report on Thursday, November 7th. Sanford C. Bernstein raised their price objective on QUALCOMM from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $210.92.

QUALCOMM Stock Up 2.2 %

Shares of NASDAQ:QCOM opened at $163.97 on Friday. The firm has a 50 day simple moving average of $168.29 and a 200 day simple moving average of $182.29. QUALCOMM Incorporated has a 52 week low of $125.67 and a 52 week high of $230.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.79 and a current ratio of 2.40. The company has a market cap of $182.17 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 2.70 and a beta of 1.28.

QUALCOMM Dividend Announcement

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 is Thursday, December 5th. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. QUALCOMM’s dividend payout ratio (DPR) is presently 37.82%.

Insider Activity

In other QUALCOMM news, insider Alexander H. Rogers sold 3,245 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $166.15, for a total value of $539,156.75. Following the transaction, the insider now directly owns 32,231 shares of the company’s stock, valued at $5,355,180.65. This represents a 9.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was 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 directly owns 213,364 shares of the company’s stock, valued at $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. Over the last quarter, insiders have sold 16,146 shares of company stock worth $2,709,186. 0.08% of the stock is owned by corporate insiders.

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.