Stelac Advisory Services LLC purchased a new stake in QUALCOMM, Inc. (NASDAQ:QCOM) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 2,475 shares of the wireless technology company’s stock, valued at approximately $178,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Moneta Group Investment Advisors LLC increased its holdings in shares of QUALCOMM by 9,686.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 74,282 shares of the wireless technology company’s stock worth $105,000 after buying an additional 73,523 shares during the last quarter. Squar Milner Financial Services LLC acquired a new stake in shares of QUALCOMM during the 2nd quarter worth $106,000. Kiley Juergens Wealth Management LLC increased its holdings in shares of QUALCOMM by 1,760.0% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 1,860 shares of the wireless technology company’s stock worth $133,000 after buying an additional 1,760 shares during the last quarter. MinichMacGregor Wealth Management LLC increased its holdings in shares of QUALCOMM by 170.9% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,850 shares of the wireless technology company’s stock worth $134,000 after buying an additional 1,167 shares during the last quarter. Finally, Enterprise Financial Services Corp increased its holdings in shares of QUALCOMM by 151.8% during the 3rd quarter. Enterprise Financial Services Corp now owns 1,992 shares of the wireless technology company’s stock worth $143,000 after buying an additional 1,201 shares during the last quarter. Institutional investors own 89.45% of the company’s stock.

Shares of NASDAQ QCOM opened at $54.92 on Wednesday. QUALCOMM, Inc. has a 12-month low of $48.56 and a 12-month high of $76.50. The firm has a market capitalization of $66.55 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.35 and a beta of 1.69. The company has a debt-to-equity ratio of 16.56, a current ratio of 1.55 and a quick ratio of 1.40.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 7th. The wireless technology company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.20. QUALCOMM had a positive return on equity of 26.21% and a negative net margin of 21.40%. The firm had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the prior year, the firm earned $0.92 EPS. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, analysts forecast that QUALCOMM, Inc. will post 3.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $2.48 annualized dividend and a yield of 4.52%. QUALCOMM’s dividend payout ratio is currently 77.74%.

QUALCOMM declared that its board has authorized a share repurchase plan on Thursday, July 26th that permits the company to repurchase $30.00 billion in shares. This repurchase authorization permits the wireless technology company to purchase up to 34.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

A number of analysts have recently commented on the company. Rosenblatt Securities upgraded QUALCOMM from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $56.00 to $70.00 in a report on Monday, August 20th. Cowen upped their price objective on QUALCOMM from $58.00 to $64.00 and gave the stock a “market perform” rating in a report on Thursday, July 26th. BidaskClub upgraded QUALCOMM from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. KeyCorp upped their price objective on QUALCOMM from $65.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, July 26th. Finally, BMO Capital Markets upped their price objective on QUALCOMM to $64.00 and gave the stock a “market perform” rating in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. QUALCOMM presently has a consensus rating of “Buy” and an average target price of $70.44.

In other QUALCOMM news, EVP Alexander H. Rogers sold 854 shares of the company’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $72.18, for a total value of $61,641.72. Following the completion of the transaction, the executive vice president now directly owns 5,197 shares of the company’s stock, valued at approximately $375,119.46. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Cristiano R. Amon sold 88,625 shares of the company’s stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $68.81, for a total transaction of $6,098,286.25. Following the completion of the transaction, the president now directly owns 58,045 shares of the company’s stock, valued at $3,994,076.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,638 shares of company stock valued at $6,302,079. 0.24% of the stock is owned by insiders.

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About QUALCOMM

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products 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 code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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