American National Registered Investment Advisor Inc. Has $1,427,000 Position in QUALCOMM, Inc. (QCOM)

American National Registered Investment Advisor Inc. continued to hold its stake in QUALCOMM, Inc. (NASDAQ:QCOM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,893 shares of the wireless technology company’s stock at the end of the fourth quarter. American National Registered Investment Advisor Inc.’s holdings in QUALCOMM were worth $1,427,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in QCOM. Koshinski Asset Management Inc. raised its position in QUALCOMM by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 7,634 shares of the wireless technology company’s stock valued at $523,000 after buying an additional 59 shares during the last quarter. St. Johns Investment Management Company LLC raised its position in QUALCOMM by 6.4% in the third quarter. St. Johns Investment Management Company LLC now owns 16,402 shares of the wireless technology company’s stock valued at $1,124,000 after buying an additional 987 shares during the last quarter. Advisor Consultant Network Inc. acquired a new position in QUALCOMM during the third quarter valued at approximately $290,000. Webster Bank N. A. raised its position in QUALCOMM by 2.6% in the third quarter. Webster Bank N. A. now owns 30,165 shares of the wireless technology company’s stock valued at $2,066,000 after buying an additional 760 shares during the last quarter. Finally, Charter Trust Co. raised its position in QUALCOMM by 7.7% in the third quarter. Charter Trust Co. now owns 53,475 shares of the wireless technology company’s stock valued at $3,663,000 after buying an additional 3,844 shares during the last quarter. 79.28% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

Shares of QUALCOMM, Inc. (NASDAQ:QCOM) traded down 0.40% during mid-day trading on Thursday, hitting $52.40. The stock had a trading volume of 15,029,654 shares. QUALCOMM, Inc. has a 52 week low of $50.11 and a 52 week high of $71.62. The firm has a market cap of $77.40 billion, a PE ratio of 15.98 and a beta of 1.31. The stock has a 50 day moving average price of $56.53 and a 200 day moving average price of $61.96.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, April 19th. The wireless technology company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.29. The company earned $5.99 billion during the quarter, compared to analyst estimates of $5.86 billion. QUALCOMM had a return on equity of 20.25% and a net margin of 20.56%. QUALCOMM’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share. Equities research analysts expect that QUALCOMM, Inc. will post $4.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, May 31st will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 4.33%. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, May 26th. QUALCOMM’s dividend payout ratio is 64.63%.

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QCOM has been the topic of a number of analyst reports. Cowen and Company dropped their price objective on shares of QUALCOMM to $73.00 in a research note on Thursday, January 26th. Morgan Stanley decreased their price target on shares of QUALCOMM to $60.00 in a research report on Thursday, January 26th. Instinet decreased their price target on shares of QUALCOMM to $65.00 in a research report on Thursday, January 26th. Vetr downgraded shares of QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $74.42 price target for the company. in a research report on Tuesday, January 17th. Finally, Rosenblatt Securities raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Thursday, January 12th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $66.98.

In related news, EVP Cristiano R. Amon purchased 18,815 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was purchased at an average cost of $53.13 per share, with a total value of $999,640.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony J. Vinciquerra purchased 1,000 shares of the business’s stock in a transaction dated Monday, January 30th. The stock was bought at an average cost of $53.99 per share, with a total value of $53,990.00. Following the completion of the acquisition, the director now directly owns 1,281 shares of the company’s stock, valued at $69,161.19. The disclosure for this purchase can be found here. 0.24% of the stock is currently owned by corporate insiders.

QUALCOMM Company Profile

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.

5 Day Chart for NASDAQ:QCOM

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