Telos Capital Management Inc. Has $30.46 Million Holdings in QUALCOMM Incorporated $QCOM

Telos Capital Management Inc. decreased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 191,248 shares of the wireless technology company’s stock after selling 3,972 shares during the quarter. QUALCOMM makes up about 3.1% of Telos Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Telos Capital Management Inc.’s holdings in QUALCOMM were worth $30,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in QUALCOMM by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company’s stock worth $17,568,141,000 after acquiring an additional 638,284 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its stake in shares of QUALCOMM by 656,661.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock valued at $9,360,274,000 after acquiring an additional 58,764,593 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of QUALCOMM by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,422,341 shares of the wireless technology company’s stock valued at $1,600,976,000 after acquiring an additional 641,654 shares during the last quarter. Invesco Ltd. raised its stake in shares of QUALCOMM by 2.2% during the first quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company’s stock valued at $1,512,458,000 after acquiring an additional 215,900 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of QUALCOMM by 5.3% during the first quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company’s stock valued at $1,441,847,000 after acquiring an additional 471,648 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. UBS Group set a $165.00 target price on shares of QUALCOMM in a research note on Monday, October 27th. Citigroup lifted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Susquehanna lifted their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings raised shares of QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, QUALCOMM has an average rating of “Moderate Buy” and a consensus target price of $183.95.

Insider Activity at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the sale, the chief executive officer directly owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 8,335 shares of QUALCOMM stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer owned 36,541 shares of the company’s stock, valued at $6,067,998.46. This represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 163,169 shares of company stock valued at $26,978,998. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Trading Up 2.1%

QCOM opened at $180.90 on Monday. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market cap of $195.19 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 2.59 and a beta of 1.23. The company has a fifty day moving average price of $165.85 and a two-hundred day moving average price of $156.82.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s payout ratio is 34.33%.

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.