Qualcomm (QCOM) Market Valuation Declined While Baker Avenue Asset Management LP …

Baker Avenue Asset Management Lp decreased its stake in Qualcomm Inc (QCOM) by … proposed takeovers of Qualcomm and of Lattice Semiconductor because of concerns related to China; 20/03/2018 – QUALCOMM INC QCOM.

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Baker Avenue Asset Management Lp decreased its stake in Qualcomm Inc (QCOM) by 13.15% based on its latest 2019Q1 regulatory filing with the SEC. Baker Avenue Asset Management Lp sold 18,235 shares as the company’s stock declined 15.29% . The institutional investor held 120,435 shares of the radio and television broadcasting and communications equipment company at the end of 2019Q1, valued at $6.87M, down from 138,670 at the end of the previous reported quarter. Baker Avenue Asset Management Lp who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $86.92B market cap company. The stock increased 0.34% or $0.24 during the last trading session, reaching $71.5. About 7.11M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 17.92% since August 10, 2018 and is uptrending. It has outperformed by 17.92% the S&P500. Some Historical QCOM News: 07/03/2018 – Broadcom’s proposed merger with Qualcomm is a threat to the development of the U.S.’s mobile communication network; 27/03/2018 – President Donald Trump has blocked proposed takeovers of Qualcomm and of Lattice Semiconductor because of concerns related to China; 20/03/2018 – QUALCOMM INC QCOM.O : BOFA MERRILL ADDS TO US 1 LIST; 25/04/2018 – Qualcomm’s Profit Tumbles as Royalty Disputes Continue; 21/05/2018 – QUALCOMM INC – CASH OFFERS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON MAY 25, 2018; 22/03/2018 – Qualcomm/Paul Jacobs: blood money; 08/05/2018 – CFIUS reform: Clock ticking for Congress to act by August recess –; 19/03/2018 – Rep. Hunter: TRUMP ADMINISTRATION FOLLOWS HUNTER LEAD ON REVIEWING QUALCOMM DEAL; 09/03/2018 – QUALCOMM EXTENDS CASH TENDER OFFER FOR OUTSTANDING SHRS OF NXP; 25/04/2018 – Qualcomm 2Q EPS 80c

Umb Bank N A decreased its stake in Duke Energy Hldg Corp (DUK) by 1.2% based on its latest 2019Q1 regulatory filing with the SEC. Umb Bank N A sold 3,391 shares as the company’s stock declined 4.08% . The institutional investor held 280,139 shares of the power generation company at the end of 2019Q1, valued at $25.21 million, down from 283,530 at the end of the previous reported quarter. Umb Bank N A who had been investing in Duke Energy Hldg Corp for a number of months, seems to be less bullish one the $65.39B market cap company. The stock increased 0.49% or $0.44 during the last trading session, reaching $89.75. About 2.27M shares traded. Duke Energy Corporation (NYSE:DUK) has risen 7.37% since August 10, 2018 and is uptrending. It has outperformed by 7.37% the S&P500. Some Historical DUK News: 07/05/2018 – Duke Energy helps South Carolina customers go solar with more than $50 million in rebates; 13/04/2018 – DUKE ENERGY – DUKE ENERGY OHIO IS MOVING FORWARD WITH APPLICATION BEFORE OHIO POWER SITING BOARD TO CONSTRUCT ITS PROPOSED CENTRAL CORRIDOR PIPELINE; 10/05/2018 – DUKE SEES FLORIDA CITRUS COUNTY GAS PLANT IN SERVICE THIS YR; 10/04/2018 – DUKE’S BRUNSWICK 1 REACTOR RAISED TO 57% POWER FROM 0%: NRC; 26/04/2018 – Duke Energy Bond Trading 2x Average; Clients Net Buyers; 25/05/2018 – Fitch Affirms Duke Energy Florida Project Finance, LLC; 02/04/2018 – Duke Energy Florida nears completion of state-of-the-art natural gas plant; 16/05/2018 – Duke Energy to sell five small hydroelectric plants to Northbrook Energy; 26/04/2018 – Grange Insurance Names Damon Porter Chief Human Resources Officer; 04/04/2018 – Cyberattack Bleeds Into Utility Space as Duke Sees Billing Delay

Investors sentiment increased to 1.2 in Q1 2019. Its up 0.19, from 1.01 in 2018Q4. It is positive, as 44 investors sold DUK shares while 332 reduced holdings. 110 funds opened positions while 340 raised stakes. 425.27 million shares or 2.74% less from 437.22 million shares in 2018Q4 were reported. Glenmede Na stated it has 0.04% in Duke Energy Corporation (NYSE:DUK). Alphamark Advisors Ltd Limited Liability Company stated it has 0.05% in Duke Energy Corporation (NYSE:DUK). Linscomb And Williams Incorporated has 58,469 shares for 0.44% of their portfolio. Triangle Secs Wealth Mgmt reported 1.01% of its portfolio in Duke Energy Corporation (NYSE:DUK). Geode Cap holds 0.24% or 10.10 million shares. Bessemer Grp Incorporated Inc stated it has 4,369 shares or 0% of all its holdings. Salem Inv Counselors invested 0.19% in Duke Energy Corporation (NYSE:DUK). Nuveen Asset Ltd Liability holds 0.19% or 393,663 shares in its portfolio. Marble Harbor Inv Counsel Llc stated it has 12,721 shares. Moreover, Lvm Capital Management Limited Mi has 0.11% invested in Duke Energy Corporation (NYSE:DUK) for 5,365 shares. Arbor Inv Limited Company has 0.32% invested in Duke Energy Corporation (NYSE:DUK). Ubs Asset Mngmt Americas accumulated 3.18 million shares or 0% of the stock. Guardian Cap Advisors LP invested in 104,112 shares. Moors & Cabot owns 79,618 shares or 0.47% of their US portfolio. Rampart Investment Lc holds 0.57% of its portfolio in Duke Energy Corporation (NYSE:DUK) for 55,764 shares.

More notable recent Duke Energy Corporation (NYSE:DUK) news were published by: Finance.Yahoo.com which released: “Three Things You Should Check Before Buying Duke Energy Corporation (NYSE:DUK) For Its Dividend – Yahoo Finance” on June 26, 2019, also Seekingalpha.com with their article: “Duke Energy Q2 2019 Earnings Preview – Seeking Alpha” published on August 05, 2019, 247Wallst.com published: “Defensive Stocks Standing Strong as Broader Stock Market Indexes Tank – 24/7 Wall St.” on August 07, 2019. More interesting news about Duke Energy Corporation (NYSE:DUK) were released by: Fool.com and their article: “Is Duke Energy a Buy? – The Motley Fool” published on July 20, 2019 as well as Finance.Yahoo.com‘s news article titled: “What Investors Should Know About Duke Energy Corporation’s (NYSE:DUK) Financial Strength – Yahoo Finance” with publication date: June 05, 2019.

Umb Bank N A, which manages about $3.28 billion US Long portfolio, upped its stake in Phillips 66 (NYSE:PSX) by 23,885 shares to 149,965 shares, valued at $14.27 million in 2019Q1, according to the filing. It also increased its holding in Schwab Charles Corp (NYSE:SCHW) by 14,588 shares in the quarter, for a total of 45,140 shares, and has risen its stake in Amazon Com Inc (NASDAQ:AMZN).

Baker Avenue Asset Management Lp, which manages about $1.13B and $1.21B US Long portfolio, upped its stake in Spdr Series Trust S&P Oil Gas Expl & Prodtn Etf (XOP) by 12,000 shares to 24,000 shares, valued at $737,000 in 2019Q1, according to the filing. It also increased its holding in Ishares Msci Japan Etf by 9,733 shares in the quarter, for a total of 114,896 shares, and has risen its stake in Materials Select Sector Spdr (XLB).

Investors sentiment increased to 0.77 in Q1 2019. Its up 0.04, from 0.73 in 2018Q4. It improved, as 102 investors sold QCOM shares while 442 reduced holdings. 93 funds opened positions while 324 raised stakes. 901.11 million shares or 10.19% less from 1.00 billion shares in 2018Q4 were reported. Bryn Mawr has invested 0.31% in QUALCOMM Incorporated (NASDAQ:QCOM). First Republic Investment Management reported 690,483 shares. Hikari Tsushin has 13,303 shares. Cwm Limited Liability Company accumulated 0.54% or 474,333 shares. Stonebridge Capital Lc accumulated 80,320 shares. Hamlin Cap Mngmt reported 2.98% in QUALCOMM Incorporated (NASDAQ:QCOM). Hightower Advisors Limited holds 441,234 shares. Kornitzer Capital Management Ks has 574,325 shares. J Goldman & Company LP holds 0.47% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 145,000 shares. Advisor Prtn Ltd Llc has 0.17% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 22,757 shares. Dimensional Fund Advisors Limited Partnership reported 0.09% stake. Voya Mngmt Limited Liability Co has invested 0.07% in QUALCOMM Incorporated (NASDAQ:QCOM). Nichols And Pratt Advisers Ltd Liability Partnership Ma has invested 0.65% in QUALCOMM Incorporated (NASDAQ:QCOM). Viking Fund Ltd holds 0.3% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 21,000 shares. Benjamin F Edwards & Incorporated accumulated 33,171 shares or 0.17% of the stock.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “PKW, QCOM, AMAT, HPQ: ETF Outflow Alert – Nasdaq” on April 01, 2019, also Nasdaq.com with their article: “Qualcomm Stock Drops in Pre-Market Trading After Latest Court Ruling – Nasdaq” published on July 05, 2019, Nasdaq.com published: “QUALCOMM Incorporated (QCOM) Ex-Dividend Date Scheduled for June 05, 2019 – Nasdaq” on June 04, 2019. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “April 12th Options Now Available For Qualcomm (QCOM) – Nasdaq” published on February 28, 2019 as well as Seekingalpha.com‘s news article titled: “Qualcomm: No Wow – Seeking Alpha” with publication date: May 28, 2019.

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Paradigm Financial Advisors LLC Increased Holding in Qualcomm INC (QCOM) by $8.28 Million …

North Star Investment Management has invested 0.05% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Shelton Management holds …

QUALCOMM Incorporated (NASDAQ:QCOM) LogoInvestors sentiment increased to 0.77 in Q1 2019. Its up 0.04, from 0.73 in 2018Q4. It increased, as 102 investors sold QCOM shares while 442 reduced holdings. 93 funds opened positions while 324 raised stakes. 901.11 million shares or 10.19% less from 1.00 billion shares in 2018Q4 were reported. Valueworks Ltd invested in 5.46% or 142,801 shares. Snow Capital Management Ltd Partnership reported 39,076 shares. Evergreen Cap Mgmt Limited Liability holds 44,028 shares. North Star Investment Management has invested 0.05% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Shelton Management holds 0.58% in QUALCOMM Incorporated (NASDAQ:QCOM) or 8,380 shares. 1832 Asset Mngmt LP holds 0.03% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM) for 135,380 shares. Burney Co has invested 0.03% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Parametric Associate Lc reported 4.22 million shares. Pinebridge Invs Lp holds 203,776 shares. The Ohio-based Macnealy Hoover Inv Management has invested 0.88% in QUALCOMM Incorporated (NASDAQ:QCOM). Hallmark Capital Mgmt Inc, New Jersey-based fund reported 5,596 shares. Teacher Retirement System Of Texas accumulated 0.05% or 110,026 shares. 4.86M were reported by Goldman Sachs Group Inc. Arcadia Invest Mngmt Corp Mi stated it has 0.25% in QUALCOMM Incorporated (NASDAQ:QCOM). Intact Investment Mngmt accumulated 0.32% or 158,000 shares.

Since February 11, 2019, it had 0 insider buys, and 2 selling transactions for $4.06 million activity.

Paradigm Financial Advisors Llc increased its stake in Qualcomm Inc (QCOM) by 14519.1% based on its latest 2019Q1 regulatory filing with the SEC. Paradigm Financial Advisors Llc bought 145,191 shares as the company’s stock declined 15.29% . The institutional investor held 146,191 shares of the radio and television broadcasting and communications equipment company at the end of 2019Q1, valued at $8.34 million, up from 1,000 at the end of the previous reported quarter. Paradigm Financial Advisors Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $86.63 billion market cap company. The stock increased 2.68% or $1.86 during the last trading session, reaching $71.26. About 7.05M shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 17.92% since August 9, 2018 and is uptrending. It has outperformed by 17.92% the S&P500.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Infineon Is Getting a Good Asset in Cypress Semiconductor – Nasdaq” on August 01, 2019, also Nasdaq.com with their article: “Analysts Estimate Qualcomm (QCOM) to Report a Decline in Earnings: What to Look Out for – Nasdaq” published on July 24, 2019, Seekingalpha.com published: “Qualcomm loses bid to pause antitrust ruling – Seeking Alpha” on July 04, 2019. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “Qualcomm: Betting On A Big Rebound – Seeking Alpha” published on June 17, 2019 as well as Nasdaq.com‘s news article titled: “Report: Apple Is Considering a $1 Billion Deal for Intel’s Modem Chip Business – Nasdaq” with publication date: July 23, 2019.

QUALCOMM Incorporated (NASDAQ:QCOM) Ratings Coverage

Among 10 analysts covering Qualcomm Inc (NASDAQ:QCOM), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Qualcomm Inc has $11500 highest and $57 lowest target. $83.09’s average target is 16.60% above currents $71.26 stock price. Qualcomm Inc had 31 analyst reports since February 22, 2019 according to SRatingsIntel. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, April 17 report. The firm has “Equal-Weight” rating given on Thursday, July 18 by Barclays Capital. The firm has “Overweight” rating given on Wednesday, April 17 by Barclays Capital. The company was maintained on Tuesday, March 5 by Canaccord Genuity. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Buy” rating given on Wednesday, March 13 by Barclays Capital. Bank of America maintained the shares of QCOM in report on Thursday, August 1 with “Buy” rating. The company was maintained on Wednesday, April 17 by Raymond James. The firm has “Hold” rating by Deutsche Bank given on Thursday, May 23. Morgan Stanley upgraded QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, April 23 to “Overweight” rating. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, February 26.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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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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