QUALCOMM, Inc. (NASDAQ:QCOM) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC decreased its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 2.7% in the fourth quarter, according to …

QUALCOMM logoAcadian Asset Management LLC decreased its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,596 shares of the wireless technology company’s stock after selling 346 shares during the period. Acadian Asset Management LLC’s holdings in QUALCOMM were worth $717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Boenning & Scattergood Inc. boosted its holdings in shares of QUALCOMM by 3.1% in the 4th quarter. Boenning & Scattergood Inc. now owns 6,537 shares of the wireless technology company’s stock worth $372,000 after acquiring an additional 197 shares in the last quarter. Evanson Asset Management LLC raised its position in QUALCOMM by 4.9% in the 4th quarter. Evanson Asset Management LLC now owns 4,231 shares of the wireless technology company’s stock worth $241,000 after purchasing an additional 199 shares during the last quarter. Highland Capital Management LLC raised its position in QUALCOMM by 0.4% in the 4th quarter. Highland Capital Management LLC now owns 53,274 shares of the wireless technology company’s stock worth $3,032,000 after purchasing an additional 200 shares during the last quarter. Baystate Wealth Management LLC raised its position in QUALCOMM by 13.8% in the 4th quarter. Baystate Wealth Management LLC now owns 1,811 shares of the wireless technology company’s stock worth $100,000 after purchasing an additional 219 shares during the last quarter. Finally, Diligent Investors LLC raised its position in QUALCOMM by 0.8% in the 4th quarter. Diligent Investors LLC now owns 29,583 shares of the wireless technology company’s stock worth $1,684,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 87.69% of the company’s stock.

In other news, EVP James H. Thompson sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $50.75, for a total transaction of $2,030,000.00. Following the transaction, the executive vice president now directly owns 62,301 shares of the company’s stock, valued at $3,161,775.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Donald J. Rosenberg sold 9,048 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $58.01, for a total transaction of $524,874.48. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Several research analysts recently weighed in on QCOM shares. Barclays restated a “buy” rating and issued a $70.00 price objective on shares of QUALCOMM in a research report on Friday, January 18th. Raymond James set a $65.00 price objective on shares of QUALCOMM and gave the stock a “buy” rating in a research report on Saturday, February 2nd. BMO Capital Markets reiterated a “market perform” rating on shares of QUALCOMM in a research report on Thursday, January 31st. BidaskClub upgraded shares of QUALCOMM from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Bank of America reiterated a “neutral” rating and set a $60.00 target price (down previously from $67.00) on shares of QUALCOMM in a research report on Thursday, January 31st. Thirteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. QUALCOMM currently has a consensus rating of “Hold” and a consensus target price of $66.00.

Shares of NASDAQ:QCOM opened at $54.84 on Wednesday. QUALCOMM, Inc. has a 52-week low of $48.56 and a 52-week high of $76.50. The stock has a market capitalization of $64.79 billion, a P/E ratio of 17.19, a PEG ratio of 1.67 and a beta of 1.17. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.54 and a quick ratio of 1.38.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.11. QUALCOMM had a net margin of 10.03% and a return on equity of 36.66%. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period last year, the business posted $0.98 EPS. QUALCOMM’s revenue was down 21.3% on a year-over-year basis. On average, sell-side analysts expect that QUALCOMM, Inc. will post 3.21 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $2.48 annualized dividend and a yield of 4.52%. QUALCOMM’s dividend payout ratio is currently 77.74%.

TRADEMARK VIOLATION NOTICE: “QUALCOMM, Inc. (NASDAQ:QCOM) Shares Sold by Acadian Asset Management LLC” was originally reported by PressOracle and is the sole property of of PressOracle. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://pressoracle.com/news/2019/03/13/acadian-asset-management-llc-sells-346-shares-of-qualcomm-inc-qcom.html.

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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Point View Wealth Management Inc. Has $1.60 Million Stake in QUALCOMM, Inc. (QCOM)

Point View Wealth Management Inc. increased its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 4.7% in the fourth quarter, according …

QUALCOMM logoPoint View Wealth Management Inc. increased its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 4.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,044 shares of the wireless technology company’s stock after purchasing an additional 1,263 shares during the quarter. Point View Wealth Management Inc.’s holdings in QUALCOMM were worth $1,596,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boenning & Scattergood Inc. grew its position in QUALCOMM by 3.1% in the fourth quarter. Boenning & Scattergood Inc. now owns 6,537 shares of the wireless technology company’s stock valued at $372,000 after acquiring an additional 197 shares during the last quarter. Evanson Asset Management LLC grew its position in QUALCOMM by 4.9% in the fourth quarter. Evanson Asset Management LLC now owns 4,231 shares of the wireless technology company’s stock valued at $241,000 after acquiring an additional 199 shares during the last quarter. Highland Capital Management LLC grew its position in QUALCOMM by 0.4% in the fourth quarter. Highland Capital Management LLC now owns 53,274 shares of the wireless technology company’s stock valued at $3,032,000 after acquiring an additional 200 shares during the last quarter. Baystate Wealth Management LLC grew its position in QUALCOMM by 13.8% in the fourth quarter. Baystate Wealth Management LLC now owns 1,811 shares of the wireless technology company’s stock valued at $100,000 after acquiring an additional 219 shares during the last quarter. Finally, Diligent Investors LLC grew its position in QUALCOMM by 0.8% in the fourth quarter. Diligent Investors LLC now owns 29,583 shares of the wireless technology company’s stock valued at $1,684,000 after acquiring an additional 222 shares during the last quarter. 87.69% of the stock is owned by institutional investors.

Several research firms have recently weighed in on QCOM. Zacks Investment Research upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Wednesday, February 13th. BidaskClub lowered QUALCOMM from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 29th. Raymond James set a $65.00 price objective on QUALCOMM and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Barclays reaffirmed a “buy” rating and issued a $70.00 price objective on shares of QUALCOMM in a research note on Friday, January 18th. Finally, Morgan Stanley raised QUALCOMM from an “underweight” rating to an “equal weight” rating in a research note on Thursday, November 15th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. QUALCOMM currently has a consensus rating of “Hold” and an average target price of $66.00.

In other QUALCOMM news, EVP James H. Thompson sold 40,000 shares of QUALCOMM stock in a transaction on Monday, February 11th. The stock was sold at an average price of $50.75, for a total transaction of $2,030,000.00. Following the completion of the transaction, the executive vice president now owns 62,301 shares in the company, valued at $3,161,775.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Donald J. Rosenberg sold 9,048 shares of QUALCOMM stock in a transaction on Thursday, December 13th. The shares were sold at an average price of $58.01, for a total value of $524,874.48. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Shares of NASDAQ QCOM opened at $54.84 on Wednesday. The firm has a market cap of $64.79 billion, a PE ratio of 17.19, a PEG ratio of 1.67 and a beta of 1.17. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.38 and a current ratio of 1.54. QUALCOMM, Inc. has a one year low of $48.56 and a one year high of $76.50.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.11. The business had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.89 billion. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The firm’s quarterly revenue was down 21.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. As a group, research analysts expect that QUALCOMM, Inc. will post 3.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Wednesday, March 6th. QUALCOMM’s payout ratio is presently 77.74%.

COPYRIGHT VIOLATION WARNING: This piece was published by Fairfield Current and is owned by of Fairfield Current. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.fairfieldcurrent.com/news/2019/03/13/point-view-wealth-management-inc-raises-holdings-in-qualcomm-inc-qcom.html.

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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Qualcomm Inc (QCOM) Price Lingering Above the Cloud

Shares of Qualcomm Inc (QCOM) opened the last session at $54.66, touching a high of $55.31 and a low of $54.54 , yielding a change of 0.49.

Shares of Qualcomm Inc (QCOM) opened the last session at $54.66, touching a high of $55.31 and a low of $54.54 , yielding a change of 0.49. The latest reading places the stock above the Ichimoku cloud which indicates positive momentum and a potential buy signal for the equity.

There are plenty of technical indicators that traders can choose to follow. With so many different signals to follow, traders may choose to focus on a small number of indicators to start. Many technical analysts will use a combination of different signals in order to help identify the best entry and exit points of a trade. Becoming a master at spotting trends and creating charts may seem impossible for the novice investor. Taking the time to fully understand the methods behind the indicators may help the trader with trying to sort everything out. Studying up on the theory behind some of the more popular indicators may help the trader understand exactly what they are doing when setting up their charts.

The Ichimoku cloud is a favorite technical indicator used primarily in Asian markets. The cloud is one of the only indicators that is both forward and backward looking. The cloud produces better levels of support and resistance and is a breakout trader’s best friend. The cloud is also one of the easiest indicators to use. Any trader, regardless of skill level or expertise, can use the cloud to quickly and efficiently analyze any product on any time frame. The cloud shines in the fact that it can be universally applied to any trading plan by any trader.

It is a type of chart used in technical analysis to display support and resistance, momentum, and trend in one view. TenkanSen and KijunSen are similar to moving averages and analyzed in relationship to one another. When the shorter term indicator, TenkanSen, rises above the longer term indicator, KijunSen, the securities trend is typically positive. When TenkanSen falls below KijunSen, the securities trend is typically negative. TenkanSen and KijunSen as a group are then analyzed in relationship to the Cloud, which is composed of the area between Senkou A and Senkou B. A multi-faceted indicator designed to give support/resistance levels, trend direction, and entry/exit points of varying strengths. General theory behind this indicator states that if price action is above the cloud, the overall trend is bullish, and if below the cloud, the overall trend is bearish. There are also moving averages (the Tenkan and Kijun lines) which act like the MACD crossover signals with the Tenkan crossing from underneath the Kijun as a bullish signal, while crossing overhead giving a bearish signal.

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Checking on some popular technical levels, Qualcomm Inc (QCOM) has a 14-day Commodity Channel Index (CCI) of 129.36. The CCI technical indicator can be employed to help figure out if a stock is entering overbought or oversold territory. CCI may also be used to help discover divergences that may signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may provide an oversold signal.

Tracking other technical indicators, the 14-day RSI is presently standing at 61.73, the 7-day sits at 67.94, and the 3-day is resting at 72.62 for Qualcomm Inc (QCOM). The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.

Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Currently, the 7-day moving average is sitting at 54.18.

Inexperienced investors may have the tendency to purchase stocks that have recently been on a big run higher. This may be a result of not paying close attention to the fundamentals, or simply hoping that the stock will continue the move higher. Buying after a big move to the upside may mean that the investor is essentially paying too much for the stock at those levels. Sometimes a stock will take off and get too far ahead of its underlying value which may result in the price being overvalued. Keeping a close eye on the fundamentals may be a good way for the investor to know where the stock stands at any point in time.

Let’s take a further look at the Average Directional Index or ADX. The ADX measures the strength or weakness of a particular trend. Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. The 14-day ADX for Qualcomm Inc (QCOM) is currently at 21.77. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend.

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Check Capital Management Inc. CA Reduces Holdings in QUALCOMM, Inc. (NASDAQ:QCOM)

Check Capital Management Inc. CA decreased its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 15.3% in the 4th quarter, according to the …

QUALCOMM logoCheck Capital Management Inc. CA decreased its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 802,777 shares of the wireless technology company’s stock after selling 145,043 shares during the period. QUALCOMM accounts for approximately 2.5% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 8th largest position. Check Capital Management Inc. CA owned 0.07% of QUALCOMM worth $45,686,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in shares of QUALCOMM by 9,505.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,612,696 shares of the wireless technology company’s stock valued at $591,000 after buying an additional 33,262,770 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of QUALCOMM by 1,897,041.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,830,615 shares of the wireless technology company’s stock valued at $1,500,428,000 after buying an additional 20,829,517 shares during the last quarter. Morgan Stanley grew its position in shares of QUALCOMM by 163.2% in the 3rd quarter. Morgan Stanley now owns 18,891,278 shares of the wireless technology company’s stock valued at $1,360,740,000 after buying an additional 11,713,988 shares during the last quarter. Capital World Investors grew its position in shares of QUALCOMM by 33.5% in the 3rd quarter. Capital World Investors now owns 18,580,637 shares of the wireless technology company’s stock valued at $1,338,363,000 after buying an additional 4,662,437 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of QUALCOMM by 28.8% in the 3rd quarter. Clearbridge Investments LLC now owns 9,192,851 shares of the wireless technology company’s stock valued at $662,161,000 after buying an additional 2,058,096 shares during the last quarter. 87.69% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ QCOM opened at $54.84 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 4.25. QUALCOMM, Inc. has a 52 week low of $48.56 and a 52 week high of $76.50. The stock has a market capitalization of $64.79 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.67 and a beta of 1.17.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, January 30th. The wireless technology company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.11. The firm had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.89 billion. QUALCOMM had a net margin of 10.03% and a return on equity of 36.66%. The business’s revenue for the quarter was down 21.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. As a group, research analysts anticipate that QUALCOMM, Inc. will post 3.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Wednesday, March 6th. QUALCOMM’s payout ratio is currently 77.74%.

A number of research firms recently commented on QCOM. BidaskClub raised shares of QUALCOMM from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Zacks Investment Research downgraded shares of QUALCOMM from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 8th. ValuEngine raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of QUALCOMM in a research report on Thursday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. QUALCOMM has a consensus rating of “Hold” and a consensus target price of $66.00.

In other QUALCOMM news, EVP James H. Thompson sold 40,000 shares of QUALCOMM stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $50.75, for a total transaction of $2,030,000.00. Following the completion of the transaction, the executive vice president now owns 62,301 shares in the company, valued at $3,161,775.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Donald J. Rosenberg sold 9,048 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $58.01, for a total transaction of $524,874.48. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Check Capital Management Inc. CA Reduces Holdings in QUALCOMM, Inc. (NASDAQ:QCOM)” was originally posted by PressOracle and is owned by of PressOracle. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://pressoracle.com/news/2019/03/13/qualcomm-inc-qcom-holdings-trimmed-by-check-capital-management-inc-ca.html.

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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QUALCOMM, Inc. (QCOM) Shares Sold by First Capital Advisors Group LLC.

First Capital Advisors Group LLC. lowered its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 6.0% during the fourth quarter, according to …

QUALCOMM logoFirst Capital Advisors Group LLC. lowered its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,364 shares of the wireless technology company’s stock after selling 530 shares during the period. First Capital Advisors Group LLC.’s holdings in QUALCOMM were worth $476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of QCOM. Robeco Institutional Asset Management B.V. boosted its stake in shares of QUALCOMM by 102.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 348,867 shares of the wireless technology company’s stock worth $25,129,000 after purchasing an additional 176,850 shares during the last quarter. Enterprise Financial Services Corp boosted its position in shares of QUALCOMM by 151.8% in the third quarter. Enterprise Financial Services Corp now owns 1,992 shares of the wireless technology company’s stock worth $143,000 after acquiring an additional 1,201 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of QUALCOMM by 44.8% in the third quarter. Oppenheimer & Co. Inc. now owns 189,274 shares of the wireless technology company’s stock worth $13,633,000 after acquiring an additional 58,565 shares during the last quarter. Good Life Advisors LLC boosted its position in shares of QUALCOMM by 45.8% in the third quarter. Good Life Advisors LLC now owns 5,462 shares of the wireless technology company’s stock worth $391,000 after acquiring an additional 1,716 shares during the last quarter. Finally, Clear Harbor Asset Management LLC boosted its position in shares of QUALCOMM by 20.0% in the third quarter. Clear Harbor Asset Management LLC now owns 16,164 shares of the wireless technology company’s stock worth $1,022,000 after acquiring an additional 2,693 shares during the last quarter. Hedge funds and other institutional investors own 87.69% of the company’s stock.

In other QUALCOMM news, EVP James H. Thompson sold 40,000 shares of the company’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $50.75, for a total value of $2,030,000.00. Following the completion of the transaction, the executive vice president now owns 62,301 shares of the company’s stock, valued at approximately $3,161,775.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Donald J. Rosenberg sold 9,048 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $58.01, for a total value of $524,874.48. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Zacks Investment Research cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Raymond James set a $65.00 target price on shares of QUALCOMM and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Finally, BMO Capital Markets reissued a “market perform” rating on shares of QUALCOMM in a research report on Thursday, January 31st. Thirteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $66.00.

Shares of NASDAQ:QCOM opened at $54.84 on Wednesday. The firm has a market capitalization of $64.79 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.67 and a beta of 1.17. QUALCOMM, Inc. has a 12-month low of $48.56 and a 12-month high of $76.50. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.54 and a quick ratio of 1.38.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.11. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The firm’s quarterly revenue was down 21.3% on a year-over-year basis. Equities research analysts predict that QUALCOMM, Inc. will post 3.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Wednesday, March 6th. QUALCOMM’s dividend payout ratio is currently 77.74%.

ILLEGAL ACTIVITY WARNING: “QUALCOMM, Inc. (QCOM) Shares Sold by First Capital Advisors Group LLC.” was published by Fairfield Current and is the property of of Fairfield Current. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.fairfieldcurrent.com/news/2019/03/13/qualcomm-inc-qcom-shares-sold-by-first-capital-advisors-group-llc.html.

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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