Osher Van De Voorde Investment Management Cut Its Qualcomm (QCOM) Position by $3.14 …

Blackrock Inc increased its stake in Finisar Corp (FNSR) by 0.6% based on its latest 2019Q2 regulatory filing with the SEC. Blackrock Inc bought …

QUALCOMM Incorporated (NASDAQ:QCOM) Logo

Blackrock Inc increased its stake in Finisar Corp (FNSR) by 0.6% based on its latest 2019Q2 regulatory filing with the SEC. Blackrock Inc bought 107,524 shares as the company’s stock declined 0.04% . The institutional investor held 18.11 million shares of the semiconductors company at the end of 2019Q2, valued at $414.14 million, up from 18.00 million at the end of the previous reported quarter. Blackrock Inc who had been investing in Finisar Corp for a number of months, seems to be bullish on the $2.76B market cap company. The stock decreased 1.33% or $0.31 during the last trading session, reaching $22.98. About 1.16 million shares traded. Finisar Corporation (NASDAQ:FNSR) has risen 39.73% since September 15, 2018 and is uptrending. It has outperformed by 39.73% the S&P500. Some Historical FNSR News: 08/03/2018 – Finisar 3Q Adj EPS 20c; 08/03/2018 – FINISAR SEES 4Q ADJ EPS 9.0C TO 15C, EST. 21.3C; 08/03/2018 – Finisar 3Q Loss/Shr 49c; 08/03/2018 – FINISAR CORP QTRLY SHR LOSS $0.49; 13/03/2018 – Finisar Introduces Industry’s First 400G QSFP-DD Active Optical Cable and Transceivers for Switching and Routing Applications; 05/04/2018 – CAFC: FINISAR CORPORATION v. NISTICA, INC. [RULE 36 JUDGMENT] – Appeal #17-1649 – 2018-04-05; 15/03/2018 – Finisar Closes Below 50-Day Moving Average: Technicals; 09/03/2018 – Tech Today: Netflix’s Halo, Finisar’s Dismal Report, Big Blue’s View — Barron’s Blog; 08/03/2018 – Finisar Sees 4Q Rev $300M-$320M; 13/03/2018 – Finisar Introduces Industry’s Smallest Coherent Optical Assembly for High-Density Line Card and Transceiver Designs at OFC 20

Osher Van De Voorde Investment Management decreased its stake in Qualcomm Inc (QCOM) by 26.17% based on its latest 2019Q2 regulatory filing with the SEC. Osher Van De Voorde Investment Management sold 41,262 shares as the company’s stock declined 15.29% . The institutional investor held 116,404 shares of the radio and television broadcasting and communications equipment company at the end of 2019Q2, valued at $8.86 million, down from 157,666 at the end of the previous reported quarter. Osher Van De Voorde Investment Management who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $95.32B market cap company. The stock decreased 0.85% or $0.67 during the last trading session, reaching $78.41. About 5.34 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 17.92% since September 15, 2018 and is uptrending. It has outperformed by 17.92% the S&P500. Some Historical QCOM News: 29/03/2018 – Tsinghua Unigroup postpones mobile chip unit IPO; 14/03/2018 – Singapore-based Broadcom Ltd is planning to scrap its bid for Qualcomm Inc, after U.S; 08/05/2018 – Australian Gov: WIPO PUBLISHES PATENT OF QUALCOMM FOR “SOURCE FOLLOWER BASED ENVELOPE TRACKING FOR POWER AMPLIFIER BIASING”; 14/03/2018 – Trump’s decision to block Broadcom’s attempt to acquire Qualcomm will deter companies from looking for growth beyond national borders, experts say; 12/03/2018 – US turns up heat on Broadcom over relocation aspect of Qualcomm battle; 02/04/2018 – Qualcomm Extends NXP Tender Offer to April 6; 16/03/2018 – Qualcomm’s Former Chairman Said to Explore Taking Company Private; 09/03/2018 – Broadcom: ‘Any Notion That a Combined Broadcom-Qualcomm Would Slash Funding or Cede Leadership in 5G Is Completely Unfounded’; 06/03/2018 – Qualcomm, Huawei in Talks to Settle Patent-Royalty Dispute; 25/04/2018 – QUALCOMM SAID CHINA SELL-THROUGH OF SMARTPHONES HAS BEEN OK

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Nasdaq.com which released: “Notable ETF Inflow Detected – QQQ, TXN, QCOM, MU – Nasdaq” on August 21, 2019, also Nasdaq.com with their article: “Will Lower Revenues Hurt Qualcomm’s (QCOM) Q3 Earnings? – Nasdaq” published on July 29, 2019, Nasdaq.com published: “Here’s Where You Buy Qualcomm Stock – Nasdaq” on July 03, 2019. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Nasdaq.com and their article: “QUALCOMM Incorporated (QCOM) Ex-Dividend Date Scheduled for June 05, 2019 – Nasdaq” published on June 04, 2019 as well as Seekingalpha.com‘s news article titled: “Qualcomm bringing 5G to lower-cost phones – Seeking Alpha” with publication date: September 06, 2019.

Osher Van De Voorde Investment Management, which manages about $219.15 million and $242.14M US Long portfolio, upped its stake in Alphabet Inc. by 7,296 shares to 7,496 shares, valued at $8.12 million in 2019Q2, according to the filing.

Investors sentiment increased to 0.85 in 2019 Q2. Its up 0.08, from 0.77 in 2019Q1. It is positive, as 66 investors sold QCOM shares while 468 reduced holdings. 172 funds opened positions while 281 raised stakes. 927.97 million shares or 2.98% more from 901.11 million shares in 2019Q1 were reported. Hamlin Cap Mngmt Ltd Liability Corp holds 2.88% or 880,469 shares. Adell Harriman And Carpenter has 62,255 shares for 0% of their portfolio. Keystone Planning has invested 1.31% in QUALCOMM Incorporated (NASDAQ:QCOM). Hbk Sorce Advisory Lc holds 18,628 shares or 0.21% of its portfolio. Argent Tru, a Tennessee-based fund reported 47,609 shares. Art Advsr Ltd Com holds 0.15% or 35,500 shares. Hallmark invested in 2,680 shares. Fosun International Limited invested 0.11% in QUALCOMM Incorporated (NASDAQ:QCOM). Manufacturers Life Ins The accumulated 1.13M shares. F&V Cap Management owns 3,920 shares or 0.18% of their US portfolio. Bamco reported 4,000 shares or 0% of all its holdings. Blue Chip Prns, Michigan-based fund reported 21,839 shares. American Grp Incorporated Incorporated holds 0.16% or 522,885 shares in its portfolio. Roosevelt Investment Group Incorporated reported 0.08% stake. Altfest L J & Communications Incorporated has invested 0.18% in QUALCOMM Incorporated (NASDAQ:QCOM).

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on November, 6. They expect $0.55 EPS, down 27.63% or $0.21 from last year’s $0.76 per share. QCOM’s profit will be $668.61 million for 35.64 P/E if the $0.55 EPS becomes a reality. After $0.64 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -14.06% negative EPS growth.

More notable recent Finisar Corporation (NASDAQ:FNSR) news were published by: Nasdaq.com which released: “Telecom Stock Roundup: Sprint Boosts Video Analytics, AT&T’s Content Deal & More – Nasdaq” on September 05, 2019, also Nasdaq.com with their article: “Finisar Introduces L-band High Resolution Optical Spectrum Analyzer for R&D and Manufacturing Applications – Nasdaq” published on September 03, 2019, Seekingalpha.com published: “Finisar EPS misses by $0.02, misses on revenue – Seeking Alpha” on September 04, 2019. More interesting news about Finisar Corporation (NASDAQ:FNSR) were released by: Nasdaq.com and their article: “3 Top Augmented Reality Stocks to Buy Right Now – Nasdaq” published on August 27, 2019 as well as Seekingalpha.com‘s news article titled: “Why I’m Fading The Finisar Deal For Now – Seeking Alpha” with publication date: September 05, 2019.

Blackrock Inc, which manages about $2337.62B US Long portfolio, decreased its stake in Plains Gp Hldgs LP by 180,751 shares to 1.80 million shares, valued at $45.06M in 2019Q2, according to the filing. It also reduced its holding in Taylor Morrison Home Corp (NYSE:TMHC) by 565,096 shares in the quarter, leaving it with 9.46M shares, and cut its stake in Bank New York Mellon Corp (NYSE:BK).

Investors sentiment decreased to 0.83 in Q2 2019. Its down 0.15, from 0.98 in 2019Q1. It dropped, as 29 investors sold FNSR shares while 49 reduced holdings. 15 funds opened positions while 50 raised stakes. 107.79 million shares or 13.16% less from 124.12 million shares in 2019Q1 were reported. Intl Gp Inc has 0.01% invested in Finisar Corporation (NASDAQ:FNSR) for 88,319 shares. Highvista Strategies Limited Liability Corp holds 1.53% of its portfolio in Finisar Corporation (NASDAQ:FNSR) for 130,661 shares. Utd Automobile Association accumulated 142,117 shares or 0.01% of the stock. Charles Schwab Invest Mngmt has invested 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Swiss State Bank holds 0.01% or 214,000 shares. Thrivent Financial For Lutherans has 0.01% invested in Finisar Corporation (NASDAQ:FNSR) for 92,497 shares. State Of Tennessee Treasury Department stated it has 0.01% of its portfolio in Finisar Corporation (NASDAQ:FNSR). Arizona State Retirement invested in 182,893 shares. Sheets Smith Wealth Mngmt accumulated 10,475 shares. Pub Employees Retirement Of Ohio owns 4,938 shares or 0% of their US portfolio. 247,998 are held by Havens Lc. Aqr Capital Mngmt Lc reported 162,921 shares. Alpine Mngmt Inc owns 5.63 million shares for 3.78% of their portfolio. Paradigm Cap New York accumulated 0.99% or 474,200 shares. Grantham Mayo Van Otterloo & Communications Ltd Liability Corporation invested in 0.08% or 467,120 shares.

Finisar Corporation (NASDAQ:FNSR) Institutional Positions Chart

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Nomura Asset Management Co. Ltd. Has $23 Million Stock Position in QUALCOMM, Inc. (NASDAQ …

Nomura Asset Management Co. Ltd.’s holdings in QUALCOMM were worth $23,001,000 as of its most recent filing with the Securities and Exchange …

QUALCOMM logoNomura Asset Management Co. Ltd. lowered its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 3.3% in the second quarter, Holdings Channel.com reports. The fund owned 302,376 shares of the wireless technology company’s stock after selling 10,302 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in QUALCOMM were worth $23,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Weaver Consulting Group acquired a new position in shares of QUALCOMM in the 1st quarter worth approximately $25,000. Farmers National Bank acquired a new position in shares of QUALCOMM in the 1st quarter worth approximately $26,000. Meridian Wealth Management LLC acquired a new position in shares of QUALCOMM in the 1st quarter worth approximately $26,000. Ibex Wealth Advisors acquired a new position in shares of QUALCOMM in the 2nd quarter worth approximately $28,000. Finally, Krane Funds Advisors LLC acquired a new position in shares of QUALCOMM in the 2nd quarter worth approximately $28,000. Institutional investors own 78.73% of the company’s stock.

QCOM has been the subject of a number of recent research reports. BidaskClub raised QUALCOMM from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 7th. DZ Bank reissued a “sell” rating on shares of QUALCOMM in a report on Friday, August 2nd. Canaccord Genuity set a $87.00 target price on QUALCOMM and gave the stock a “buy” rating in a report on Monday, August 26th. Goldman Sachs Group initiated coverage on QUALCOMM in a report on Thursday, May 23rd. They issued a “neutral” rating and a $73.00 target price for the company. Finally, Deutsche Bank dropped their target price on QUALCOMM from $80.00 to $75.00 and set an “in-line” rating for the company in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $79.68.

NASDAQ QCOM traded down $0.67 during trading hours on Friday, reaching $78.41. 4,211,312 shares of the company’s stock were exchanged, compared to its average volume of 8,359,853. The stock has a market cap of $97.13 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 2.21 and a beta of 1.59. QUALCOMM, Inc. has a one year low of $49.10 and a one year high of $90.34. The firm has a fifty day moving average of $74.48 and a 200-day moving average of $70.61. The company has a current ratio of 1.77, a quick ratio of 1.61 and a debt-to-equity ratio of 2.46.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $0.64 EPS for the quarter, topping 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%. QUALCOMM’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. As a group, research analysts forecast that QUALCOMM, Inc. will post 2.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given 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 yield of 3.16%. QUALCOMM’s dividend payout ratio (DPR) is presently 77.74%.

In other QUALCOMM news, SVP Erin L. Polek sold 1,478 shares of the 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 transaction, the senior vice president now directly owns 1,386 shares in the company, valued at approximately $97,518.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark D. Mclaughlin acquired 2,705 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was purchased at an average price of $73.84 per share, for a total transaction of $199,737.20. Following the completion of the transaction, the director now directly owns 5,220 shares in the company, valued at approximately $385,444.80. The disclosure for this purchase can be found here. 0.11% of the stock is owned by corporate insiders.

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. (NASDAQ:QCOM) Stock Holdings Trimmed by Nomura Asset Management Co …

Nomura Asset Management Co. Ltd. lowered its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 3.3% during the 2nd quarter, according …

QUALCOMM logoNomura Asset Management Co. Ltd. lowered its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,376 shares of the wireless technology company’s stock after selling 10,302 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in QUALCOMM were worth $23,001,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QCOM. Lindbrook Capital LLC increased its position in shares of QUALCOMM by 5.2% during the 2nd quarter. Lindbrook Capital LLC now owns 2,821 shares of the wireless technology company’s stock valued at $214,000 after purchasing an additional 139 shares during the period. Enterprise Financial Services Corp grew its holdings in shares of QUALCOMM by 9.9% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,585 shares of the wireless technology company’s stock worth $121,000 after acquiring an additional 143 shares during the last quarter. Evolution Wealth Advisors LLC grew its holdings in shares of QUALCOMM by 4.6% in the 1st quarter. Evolution Wealth Advisors LLC now owns 3,518 shares of the wireless technology company’s stock worth $201,000 after acquiring an additional 154 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of QUALCOMM by 2.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,419 shares of the wireless technology company’s stock worth $474,000 after acquiring an additional 156 shares during the last quarter. Finally, Hedeker Wealth LLC grew its holdings in shares of QUALCOMM by 0.6% in the 2nd quarter. Hedeker Wealth LLC now owns 28,153 shares of the wireless technology company’s stock worth $2,141,000 after acquiring an additional 159 shares during the last quarter. 78.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the company. TheStreet upgraded QUALCOMM from a “c+” rating to a “b-” rating in a report on Thursday, August 1st. BidaskClub upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 7th. Daiwa Capital Markets assumed coverage on QUALCOMM in a report on Thursday, July 18th. They issued a “neutral” rating on the stock. Barclays cut QUALCOMM from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $90.00 to $75.00 in a report on Thursday, July 18th. Finally, Mizuho set a $68.00 target price on QUALCOMM and gave the stock a “hold” rating in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $79.68.

In related news, SVP Erin L. Polek sold 1,478 shares of QUALCOMM stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.36, for a total transaction of $103,992.08. Following the completion of the sale, the senior vice president now owns 1,386 shares of the company’s stock, valued at $97,518.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark D. Mclaughlin acquired 2,705 shares of QUALCOMM stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average cost of $73.84 per share, with a total value of $199,737.20. Following the transaction, the director now owns 5,220 shares of the company’s stock, valued at approximately $385,444.80. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

Shares of QCOM stock traded down $0.67 on Friday, reaching $78.41. 4,211,312 shares of the company’s stock traded hands, compared to its average volume of 8,359,853. QUALCOMM, Inc. has a 12-month low of $49.10 and a 12-month 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 capitalization of $97.13 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 2.21 and a beta of 1.59. The business’s 50 day moving average price is $74.48 and its two-hundred day moving average price is $70.61.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $0.64 earnings per share 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 quarter in the previous year, the company posted $1.01 earnings per share. QUALCOMM’s revenue for the quarter was down 12.7% compared to the same quarter last year. Research analysts predict that QUALCOMM, Inc. will post 2.84 earnings per share for the current year.

The firm also recently declared 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. 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 3.16%. QUALCOMM’s dividend payout ratio is 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.

Read More: Quantitative Easing

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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ETRADE Capital Management LLC Buys 8251 Shares of QUALCOMM, Inc. (NASDAQ:QCOM)

ETRADE Capital Management LLC boosted its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 33.3% during the 2nd quarter, according to …

QUALCOMM logoETRADE Capital Management LLC boosted its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 33.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,020 shares of the wireless technology company’s stock after acquiring an additional 8,251 shares during the quarter. ETRADE Capital Management LLC’s holdings in QUALCOMM were worth $2,512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Sontag Advisory LLC bought a new position in shares of QUALCOMM during the second quarter valued at approximately $294,000. AXA grew its stake in QUALCOMM by 1.0% in the second quarter. AXA now owns 2,764,701 shares of the wireless technology company’s stock worth $210,311,000 after purchasing an additional 26,984 shares in the last quarter. Pinebridge Investments L.P. grew its stake in QUALCOMM by 32.9% in the second quarter. Pinebridge Investments L.P. now owns 270,738 shares of the wireless technology company’s stock worth $20,596,000 after purchasing an additional 66,962 shares in the last quarter. Castleark Management LLC grew its stake in QUALCOMM by 274.5% in the second quarter. Castleark Management LLC now owns 498,578 shares of the wireless technology company’s stock worth $37,927,000 after purchasing an additional 365,430 shares in the last quarter. Finally, Greenwood Capital Associates LLC bought a new position in QUALCOMM in the second quarter worth approximately $2,799,000. 78.73% of the stock is currently owned by institutional investors.

In other news, SVP Erin L. Polek sold 1,478 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.36, for a total transaction of $103,992.08. Following the completion of the sale, the senior vice president now owns 1,386 shares in the company, valued at approximately $97,518.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark D. Mclaughlin acquired 2,705 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average price of $73.84 per share, with a total value of $199,737.20. Following the acquisition, the director now owns 5,220 shares in the company, valued at approximately $385,444.80. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

QUALCOMM stock traded down $0.67 during mid-day trading on Friday, reaching $78.41. 4,211,312 shares of the company were exchanged, compared to its average volume of 8,359,853. The business has a fifty day moving average of $74.48 and a 200 day moving average of $70.61. 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 $97.13 billion, a P/E ratio of 24.58, a PEG ratio of 2.21 and a beta of 1.59. QUALCOMM, Inc. has a 12-month low of $49.10 and a 12-month high of $90.34.

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, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $4.89 billion during 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%. QUALCOMM’s revenue was down 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 earnings per share. Sell-side analysts predict that QUALCOMM, Inc. will post 2.84 EPS 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 issued 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 3.16%. QUALCOMM’s dividend payout ratio is presently 77.74%.

Several brokerages recently issued reports on QCOM. Deutsche Bank dropped their price objective on QUALCOMM from $80.00 to $75.00 and set an “in-line” rating on the stock in a research note on Thursday, August 1st. Morgan Stanley set a $89.00 price objective on QUALCOMM and gave the stock a “buy” rating in a research note on Wednesday, August 21st. TheStreet raised QUALCOMM from a “c+” rating to a “b-” rating in a research note on Thursday, August 1st. Edward Jones cut QUALCOMM from a “hold” rating to a “sell” rating and set a $69.31 price objective on the stock. in a research note on Thursday, May 23rd. Finally, Goldman Sachs Group began coverage on QUALCOMM in a research note on Thursday, May 23rd. They issued a “neutral” rating and a $73.00 price objective on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. QUALCOMM has a consensus rating of “Buy” and a consensus target price of $79.68.

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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ETRADE Capital Management LLC Increases Holdings in QUALCOMM, Inc. (NASDAQ:QCOM)

ETRADE Capital Management LLC grew its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 33.3% in the second quarter, according to the …

QUALCOMM logoETRADE Capital Management LLC grew its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 33.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,020 shares of the wireless technology company’s stock after purchasing an additional 8,251 shares during the period. ETRADE Capital Management LLC’s holdings in QUALCOMM were worth $2,512,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Weaver Consulting Group bought a new stake in shares of QUALCOMM in the 1st quarter worth $25,000. Farmers National Bank bought a new stake in shares of QUALCOMM in the 1st quarter worth $26,000. Meridian Wealth Management LLC bought a new stake in shares of QUALCOMM in the 1st quarter worth $26,000. Ibex Wealth Advisors bought a new stake in shares of QUALCOMM in the 2nd quarter worth $28,000. Finally, Krane Funds Advisors LLC bought a new stake in shares of QUALCOMM in the 2nd quarter worth $28,000. 78.73% of the stock is owned by institutional investors and hedge funds.

In other 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 value 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark D. Mclaughlin acquired 2,705 shares of the stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average price of $73.84 per share, for a total transaction of $199,737.20. Following the completion of the transaction, the director now directly owns 5,220 shares of the company’s stock, valued at $385,444.80. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by insiders.

A number of research firms have commented on QCOM. Goldman Sachs Group began coverage on QUALCOMM in a report on Thursday, May 23rd. They issued a “neutral” rating and a $73.00 target price for the company. TheStreet raised QUALCOMM from a “c+” rating to a “b-” rating in a report on Thursday, August 1st. Bank of America cut their price objective on QUALCOMM from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Canaccord Genuity set a $87.00 price objective on QUALCOMM and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Cfra set a $80.00 price objective on QUALCOMM and gave the stock a “buy” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. QUALCOMM presently has an average rating of “Buy” and an average price target of $79.68.

NASDAQ QCOM traded down $0.67 on Friday, hitting $78.41. 4,211,312 shares of the company traded hands, compared to its average volume of 8,359,853. The company has a market capitalization of $97.13 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 2.21 and a beta of 1.59. 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 business’s 50 day moving average price is $74.48 and its 200-day moving average price is $70.61. QUALCOMM, Inc. has a 52-week low of $49.10 and a 52-week high of $90.34.

QUALCOMM (NASDAQ:QCOM) last released 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 the consensus estimate of $5.12 billion. QUALCOMM had a return on equity of 112.21% and a net margin of 13.41%. QUALCOMM’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. As a group, sell-side analysts predict that QUALCOMM, Inc. will post 2.84 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, September 11th. This represents a $2.48 annualized dividend and a yield of 3.16%. QUALCOMM’s dividend payout ratio (DPR) is presently 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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