QUALCOMM, Inc. (QCOM) Position Lowered by Cwm LLC

CWM LLC lowered its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 21.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,128 shares of the wireless technology company’s stock after selling 19,372 shares during the period. CWM LLC’s holdings in QUALCOMM were worth $3,964,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Aetna Inc. PA acquired a new stake in QUALCOMM during the fourth quarter worth $12,411,000. Nelson Roberts Investment Advisors LLC boosted its stake in QUALCOMM by 6.2% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 85,292 shares of the wireless technology company’s stock worth $5,843,000 after buying an additional 4,986 shares during the last quarter. Federated Investors Inc. PA boosted its stake in QUALCOMM by 117.6% in the fourth quarter. Federated Investors Inc. PA now owns 402,062 shares of the wireless technology company’s stock worth $26,214,000 after buying an additional 217,276 shares during the last quarter. Tredje AP fonden boosted its stake in shares of QUALCOMM by 8.8% in the fourth quarter. Tredje AP fonden now owns 176,442 shares of the wireless technology company’s stock worth $11,504,000 after buying an additional 14,307 shares in the last quarter. Finally, Ray Gerald L & Associates Ltd. boosted its stake in shares of QUALCOMM by 19.4% in the third quarter. Ray Gerald L & Associates Ltd. now owns 43,765 shares of the wireless technology company’s stock worth $2,998,000 after buying an additional 7,100 shares in the last quarter. Institutional investors and hedge funds own 79.28% of the company’s stock.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

Shares of QUALCOMM, Inc. (NASDAQ:QCOM) traded up 1.720% during trading on Friday, hitting $57.085. The company’s stock had a trading volume of 4,370,382 shares. The company has a market cap of $84.34 billion, a PE ratio of 19.022 and a beta of 1.31. The firm’s 50 day moving average price is $54.67 and its 200-day moving average price is $60.05. QUALCOMM, Inc. has a 52 week low of $50.84 and a 52 week high of $71.62.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, April 19th. The wireless technology company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.05 by $0.29. The firm had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.86 billion. QUALCOMM had a net margin of 20.56% and a return on equity of 20.25%. QUALCOMM’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 EPS. On average, analysts predict that QUALCOMM, Inc. will post $4.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Stockholders of record on Wednesday, May 31st will be paid a $0.57 dividend. This is a positive change from QUALCOMM’s previous quarterly dividend of $0.53. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Friday, May 26th. QUALCOMM’s dividend payout ratio is currently 64.63%.

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Several equities analysts have recently issued reports on QCOM shares. Morgan Stanley reissued an “equal weight” rating on shares of QUALCOMM in a report on Wednesday, January 25th. Brean Capital restated a “hold” rating on shares of QUALCOMM in a research note on Thursday, January 26th. Zacks Investment Research lowered QUALCOMM from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Canaccord Genuity reiterated a “buy” rating and set a $76.00 price objective on shares of QUALCOMM in a research note on Tuesday, February 7th. Finally, Cowen and Company reiterated an “outperform” rating and set a $73.00 price objective on shares of QUALCOMM in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $63.62.

In related news, Director Ann M. Livermore purchased 9,000 shares of QUALCOMM stock in a transaction dated Thursday, May 11th. The stock was bought at an average cost of $54.59 per share, with a total value of $491,310.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James H. Thompson sold 25,000 shares of the stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $52.53, for a total transaction of $1,313,250.00. Following the sale, the executive vice president now directly owns 76,246 shares of the company’s stock, valued at $4,005,202.38. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

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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