9,720 Qualcomm Incorporated $QCOM Shares Sold by Founders Financial Securities LLC

Founders Financial Securities LLC lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 71.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,819 shares of the wireless technology company’s stock after selling 9,720 shares during the period. Founders Financial Securities LLC’s holdings in Qualcomm were worth $703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JFS Wealth Advisors LLC raised its position in Qualcomm by 3.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock valued at $295,000 after purchasing an additional 53 shares in the last quarter. Wall Street Financial Group Inc. raised its holdings in Qualcomm by 1.9% in the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock valued at $564,000 after acquiring an additional 57 shares in the last quarter. Sunbeam Capital Management LLC lifted its stake in Qualcomm by 3.7% in the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock worth $303,000 after acquiring an additional 58 shares during the last quarter. LaFleur & Godfrey LLC grew its holdings in Qualcomm by 3.6% during the 3rd quarter. LaFleur & Godfrey LLC now owns 1,656 shares of the wireless technology company’s stock worth $305,000 after acquiring an additional 58 shares in the last quarter. Finally, Basepoint Wealth LLC raised its holdings in shares of Qualcomm by 1.8% in the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after purchasing an additional 59 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Stock Down 11.1%

QCOM opened at $164.79 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The stock has a market capitalization of $175.97 billion, a P/E ratio of 19.07, a P/E/G ratio of 3.71 and a beta of 1.65. The business has a 50 day simple moving average of $177.83 and a 200-day simple moving average of $169.44.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.77 EPS. On average, equities analysts anticipate that Qualcomm Incorporated will post 7.71 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 208 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $35,360.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 33,458 shares of company stock worth $6,198,144. 0.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Freedom Capital upgraded shares of Qualcomm from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Susquehanna lifted their price target on Qualcomm from $160.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Arete Research upgraded shares of Qualcomm to a “strong-buy” rating in a research report on Friday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research report on Monday, September 21st. Finally, The Goldman Sachs Group set a $160.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $205.83.

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.