QUALCOMM, Inc. (NASDAQ:QCOM) Stock Position Lifted by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC lifted its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 16.9% in the 2nd quarter, according to the company in …

QUALCOMM logoIronwood Investment Counsel LLC lifted its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 16.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,598 shares of the wireless technology company’s stock after purchasing an additional 665 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in QUALCOMM were worth $349,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in QCOM. 1ST Source Bank lifted its holdings in shares of QUALCOMM by 0.7% in the second quarter. 1ST Source Bank now owns 50,166 shares of the wireless technology company’s stock valued at $3,816,000 after buying an additional 338 shares during the period. Highland Capital Management LLC lifted its holdings in shares of QUALCOMM by 12.8% in the second quarter. Highland Capital Management LLC now owns 117,748 shares of the wireless technology company’s stock valued at $8,957,000 after buying an additional 13,343 shares during the period. Stoneridge Investment Partners LLC lifted its holdings in shares of QUALCOMM by 71.1% in the second quarter. Stoneridge Investment Partners LLC now owns 27,523 shares of the wireless technology company’s stock valued at $2,094,000 after buying an additional 11,434 shares during the period. ARP Americas LP lifted its holdings in shares of QUALCOMM by 622.8% in the second quarter. ARP Americas LP now owns 44,798 shares of the wireless technology company’s stock valued at $3,408,000 after buying an additional 38,600 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC lifted its holdings in shares of QUALCOMM by 23.2% in the second quarter. LeJeune Puetz Investment Counsel LLC now owns 14,066 shares of the wireless technology company’s stock valued at $1,070,000 after buying an additional 2,650 shares during the period. 76.18% of the stock is owned by institutional investors.

In related news, EVP Michelle M. Sterling sold 5,560 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $86.44, for a total transaction of $480,606.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Erin L. Polek sold 1,478 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $70.36, for a total value of $103,992.08. Following the sale, the senior vice president now owns 1,386 shares of the company’s stock, valued at approximately $97,518.96. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

QCOM has been the subject of several analyst reports. BidaskClub downgraded QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America reduced their target price on QUALCOMM from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Morgan Stanley raised QUALCOMM from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $55.00 to $95.00 in a report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $79.00 target price on shares of QUALCOMM in a research report on Monday, July 22nd. Finally, ValuEngine raised QUALCOMM from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $79.93.

Shares of NASDAQ QCOM opened at $71.26 on Friday. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.61 and a current ratio of 1.77. The firm has a market cap of $82.87 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 1.85 and a beta of 1.62. The firm’s 50-day moving average is $74.46. QUALCOMM, Inc. has a 52 week low of $49.10 and a 52 week high of $90.34.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.12 billion. QUALCOMM had a return on equity of 112.21% and a net margin of 13.41%. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 EPS. As a group, analysts predict that QUALCOMM, Inc. will post 2.88 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Wednesday, September 11th. QUALCOMM’s dividend payout ratio is 77.74%.

QUALCOMM Profile

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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1ST Source Bank Grows Position in QUALCOMM, Inc. (NASDAQ:QCOM)

1ST Source Bank increased its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 0.7% in the second quarter, Holdings Channel.com …

QUALCOMM logo1ST Source Bank increased its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 0.7% in the second quarter, Holdings Channel.com reports. The firm owned 50,166 shares of the wireless technology company’s stock after purchasing an additional 338 shares during the quarter. 1ST Source Bank’s holdings in QUALCOMM were worth $3,816,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in QCOM. ACG Wealth boosted its position in QUALCOMM by 2.6% in the 1st quarter. ACG Wealth now owns 7,749 shares of the wireless technology company’s stock valued at $442,000 after buying an additional 197 shares during the period. Conning Inc. boosted its position in QUALCOMM by 5.7% in the 1st quarter. Conning Inc. now owns 826,550 shares of the wireless technology company’s stock valued at $47,138,000 after buying an additional 44,907 shares during the period. World Asset Management Inc boosted its position in QUALCOMM by 18.5% in the 1st quarter. World Asset Management Inc now owns 91,562 shares of the wireless technology company’s stock valued at $5,222,000 after buying an additional 14,322 shares during the period. Regent Investment Management LLC boosted its position in QUALCOMM by 12.5% in the 1st quarter. Regent Investment Management LLC now owns 4,492 shares of the wireless technology company’s stock valued at $256,000 after buying an additional 500 shares during the period. Finally, OLD Second National Bank of Aurora boosted its position in QUALCOMM by 4.7% in the 1st quarter. OLD Second National Bank of Aurora now owns 37,027 shares of the wireless technology company’s stock valued at $2,112,000 after buying an additional 1,661 shares during the period. 76.18% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:QCOM opened at $71.26 on Friday. QUALCOMM, Inc. has a one year low of $49.10 and a one year high of $90.34. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.61 and a current ratio of 1.77. The company has a market cap of $86.63 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 1.81 and a beta of 1.62. The firm has a 50-day simple moving average of $74.46.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. QUALCOMM had a net margin of 13.41% and a return on equity of 112.21%. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. Sell-side analysts expect that QUALCOMM, Inc. will post 2.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be paid a dividend of $0.62 per share. The ex-dividend date is Wednesday, September 11th. This represents a $2.48 annualized dividend and a dividend yield of 3.48%. QUALCOMM’s dividend payout ratio (DPR) is presently 77.74%.

QCOM has been the subject of several research reports. Rosenblatt Securities reissued a “buy” rating and issued a $84.00 price objective on shares of QUALCOMM in a research report on Thursday, May 2nd. TheStreet raised shares of QUALCOMM from a “c+” rating to a “b-” rating in a research report on Thursday, August 1st. Edward Jones cut shares of QUALCOMM from a “hold” rating to a “sell” rating and set a $69.31 price objective for the company. in a research report on Thursday, May 23rd. ValuEngine raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Finally, BidaskClub cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $79.93.

In related news, SVP Erin L. Polek sold 1,478 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $70.36, for a total transaction of $103,992.08. Following the completion of the transaction, the senior vice president now owns 1,386 shares in the company, valued at approximately $97,518.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michelle M. Sterling sold 5,560 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $86.44, for a total transaction of $480,606.40. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

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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Douglass Winthrop Advisors LLC Makes New $218000 Investment in QUALCOMM, Inc. (NASDAQ …

Douglass Winthrop Advisors LLC purchased a new stake in QUALCOMM, Inc. (NASDAQ:QCOM) during the 2nd quarter, according to its most recent …

QUALCOMM logoDouglass Winthrop Advisors LLC purchased a new stake in QUALCOMM, Inc. (NASDAQ:QCOM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,871 shares of the wireless technology company’s stock, valued at approximately $218,000.

Other large investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of QUALCOMM by 0.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 20,156,306 shares of the wireless technology company’s stock valued at $1,147,095,000 after acquiring an additional 96,527 shares in the last quarter. Norges Bank bought a new position in shares of QUALCOMM during the 4th quarter valued at about $736,806,000. Clearbridge Investments LLC increased its position in shares of QUALCOMM by 1.1% during the 1st quarter. Clearbridge Investments LLC now owns 9,379,210 shares of the wireless technology company’s stock valued at $534,896,000 after purchasing an additional 99,528 shares during the last quarter. FIL Ltd increased its position in shares of QUALCOMM by 179.2% during the 1st quarter. FIL Ltd now owns 4,770,291 shares of the wireless technology company’s stock valued at $272,050,000 after purchasing an additional 3,061,598 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its position in shares of QUALCOMM by 48.5% during the 1st quarter. OppenheimerFunds Inc. now owns 3,221,596 shares of the wireless technology company’s stock valued at $183,728,000 after purchasing an additional 1,052,071 shares during the last quarter. 76.18% of the stock is currently owned by institutional investors.

In related news, EVP Michelle M. Sterling sold 5,560 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $86.44, for a total value of $480,606.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Erin L. Polek sold 1,478 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $70.36, for a total value of $103,992.08. Following the completion of the transaction, the senior vice president now directly owns 1,386 shares in the company, valued at approximately $97,518.96. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

NASDAQ:QCOM opened at $71.26 on Friday. QUALCOMM, Inc. has a 12 month low of $49.10 and a 12 month high of $90.34. The company has a quick ratio of 1.61, a current ratio of 1.77 and a debt-to-equity ratio of 2.46. The stock has a 50-day moving average price of $74.46. The stock has a market capitalization of $82.87 billion, a P/E ratio of 22.34, a P/E/G ratio of 1.85 and a beta of 1.62.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. QUALCOMM had a return on equity of 112.21% and a net margin of 13.41%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. Equities research analysts predict that QUALCOMM, Inc. will post 2.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.48%. QUALCOMM’s dividend payout ratio is 77.74%.

Several brokerages have recently commented on QCOM. Edward Jones lowered QUALCOMM from a “hold” rating to a “sell” rating and set a $69.31 price objective on the stock. in a research report on Thursday, May 23rd. Macquarie set a $90.00 price target on QUALCOMM and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Mizuho restated a “hold” rating and set a $68.00 price target on shares of QUALCOMM in a research report on Thursday, August 1st. JPMorgan Chase & Co. lifted their price objective on QUALCOMM from $88.00 to $96.00 and gave the stock a “positive” rating in a research report on Thursday, May 2nd. Finally, Zacks Investment Research upgraded QUALCOMM from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. QUALCOMM currently has an average rating of “Hold” and an average target price of $79.93.

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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QUALCOMM, Inc. (NASDAQ:QCOM) Shares Purchased by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC lifted its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 2.6% in the second quarter, according to the company in …

QUALCOMM logoChesley Taft & Associates LLC lifted its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 2.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,635 shares of the wireless technology company’s stock after acquiring an additional 450 shares during the quarter. Chesley Taft & Associates LLC’s holdings in QUALCOMM were worth $1,341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. ACG Wealth raised its holdings in QUALCOMM by 2.6% during the 1st quarter. ACG Wealth now owns 7,749 shares of the wireless technology company’s stock valued at $442,000 after buying an additional 197 shares during the last quarter. Conning Inc. raised its holdings in QUALCOMM by 5.7% during the 1st quarter. Conning Inc. now owns 826,550 shares of the wireless technology company’s stock valued at $47,138,000 after buying an additional 44,907 shares during the last quarter. World Asset Management Inc increased its position in QUALCOMM by 18.5% during the 1st quarter. World Asset Management Inc now owns 91,562 shares of the wireless technology company’s stock valued at $5,222,000 after purchasing an additional 14,322 shares during the period. Regent Investment Management LLC increased its position in QUALCOMM by 12.5% during the 1st quarter. Regent Investment Management LLC now owns 4,492 shares of the wireless technology company’s stock valued at $256,000 after purchasing an additional 500 shares during the period. Finally, OLD Second National Bank of Aurora increased its position in QUALCOMM by 4.7% during the 1st quarter. OLD Second National Bank of Aurora now owns 37,027 shares of the wireless technology company’s stock valued at $2,112,000 after purchasing an additional 1,661 shares during the period. Hedge funds and other institutional investors own 76.18% of the company’s stock.

In related news, SVP Erin L. Polek sold 1,478 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.36, for a total value of $103,992.08. Following the completion of the sale, the senior vice president now directly owns 1,386 shares in the company, valued at $97,518.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michelle M. Sterling sold 5,560 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $86.44, for a total value of $480,606.40. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

A number of research analysts have issued reports on QCOM shares. Cfra set a $80.00 price objective on shares of QUALCOMM and gave the company a “buy” rating in a research report on Thursday, May 23rd. Bank of America cut their price objective on shares of QUALCOMM from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Raymond James raised shares of QUALCOMM from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $85.00 to $115.00 in a research report on Thursday, May 2nd. Goldman Sachs Group assumed coverage on shares of QUALCOMM in a research report on Thursday, May 23rd. They set a “neutral” rating and a $73.00 price objective on the stock. Finally, Barclays downgraded shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $90.00 to $75.00 in a research report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $79.93.

NASDAQ QCOM opened at $71.26 on Friday. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.61 and a current ratio of 1.77. QUALCOMM, Inc. has a 12 month low of $49.10 and a 12 month high of $90.34. The business’s 50 day moving average price is $74.46. The company has a market cap of $86.63 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.81 and a beta of 1.62.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. QUALCOMM had a net margin of 13.41% and a return on equity of 112.21%. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $5.12 billion. During the same period last year, the firm posted $1.01 EPS. The company’s revenue was down 12.7% on a year-over-year basis. Sell-side analysts predict that QUALCOMM, Inc. will post 2.88 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Wednesday, September 11th. QUALCOMM’s dividend payout ratio (DPR) is presently 77.74%.

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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Pure Financial Advisors Inc. Has $1.12 Million Stock Position in QUALCOMM, Inc. (NASDAQ:QCOM)

Pure Financial Advisors Inc. cut its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 7.6% during the 2nd quarter, according to its most …

QUALCOMM logoPure Financial Advisors Inc. cut its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,697 shares of the wireless technology company’s stock after selling 1,206 shares during the quarter. Pure Financial Advisors Inc.’s holdings in QUALCOMM were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Addison Capital Co grew its stake in shares of QUALCOMM by 1.0% in the second quarter. Addison Capital Co now owns 44,800 shares of the wireless technology company’s stock valued at $3,408,000 after buying an additional 465 shares in the last quarter. Peoples Financial Services CORP. boosted its holdings in QUALCOMM by 4.5% in the second quarter. Peoples Financial Services CORP. now owns 8,719 shares of the wireless technology company’s stock valued at $663,000 after purchasing an additional 373 shares during the last quarter. Heritage Investors Management Corp boosted its holdings in QUALCOMM by 2.0% in the second quarter. Heritage Investors Management Corp now owns 33,093 shares of the wireless technology company’s stock valued at $2,517,000 after purchasing an additional 642 shares during the last quarter. Bogart Wealth LLC boosted its holdings in QUALCOMM by 2.0% in the second quarter. Bogart Wealth LLC now owns 10,546 shares of the wireless technology company’s stock valued at $802,000 after purchasing an additional 204 shares during the last quarter. Finally, Unison Advisors LLC boosted its holdings in QUALCOMM by 1.1% in the second quarter. Unison Advisors LLC now owns 19,553 shares of the wireless technology company’s stock valued at $1,487,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 76.18% of the company’s stock.

In related news, SVP Erin L. Polek sold 1,478 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $70.36, for a total transaction of $103,992.08. Following the transaction, the senior vice president now directly owns 1,386 shares in the company, valued at $97,518.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michelle M. Sterling sold 5,560 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $86.44, for a total value of $480,606.40. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

QCOM opened at $71.26 on Friday. QUALCOMM, Inc. has a 1 year low of $49.10 and a 1 year high of $90.34. The company’s fifty day moving average price is $74.46. The company has a current ratio of 1.77, a quick ratio of 1.61 and a debt-to-equity ratio of 2.46. The firm has a market capitalization of $86.63 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.81 and a beta of 1.62.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, July 31st. The wireless technology company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.12 billion. QUALCOMM had a return on equity of 112.21% and a net margin of 13.41%. The business’s revenue was down 12.7% compared to the same quarter last year. During the same period last year, the company earned $1.01 earnings per share. As a group, research analysts forecast that QUALCOMM, Inc. will post 2.88 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.48%. QUALCOMM’s payout ratio is presently 77.74%.

A number of research analysts recently commented on QCOM shares. Macquarie set a $90.00 price target on QUALCOMM and gave the company a “buy” rating in a report on Thursday, May 23rd. DZ Bank reaffirmed a “sell” rating on shares of QUALCOMM in a report on Friday, August 2nd. Canaccord Genuity reduced their target price on QUALCOMM from $90.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Sanford C. Bernstein set a $60.00 target price on QUALCOMM and gave the stock a “hold” rating in a report on Wednesday, April 17th. Finally, Edward Jones downgraded QUALCOMM from a “hold” rating to a “sell” rating and set a $69.31 price target on the stock. in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. QUALCOMM has a consensus rating of “Hold” and an average target price of $79.93.

QUALCOMM Company Profile

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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