Access Financial Services Inc. increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 19.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,042 shares of the wireless technology company’s stock after buying an additional 3,371 shares during the period. Access Financial Services Inc.’s holdings in QUALCOMM were worth $1,162,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. increased its stake in QUALCOMM by 12.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 14,890 shares of the wireless technology company’s stock valued at $823,000 after buying an additional 1,634 shares during the last quarter. Cascade Investment Advisors Inc. increased its stake in QUALCOMM by 9,275.0% in the second quarter. Cascade Investment Advisors Inc. now owns 18,750 shares of the wireless technology company’s stock valued at $1,035,000 after buying an additional 18,550 shares during the last quarter. CENTRAL TRUST Co increased its stake in QUALCOMM by 21.7% in the second quarter. CENTRAL TRUST Co now owns 54,271 shares of the wireless technology company’s stock valued at $2,996,000 after buying an additional 9,683 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in QUALCOMM by 24.1% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 22,687 shares of the wireless technology company’s stock valued at $1,253,000 after buying an additional 4,400 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in QUALCOMM by 519.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 244,249 shares of the wireless technology company’s stock valued at $13,487,000 after buying an additional 204,836 shares during the last quarter. Institutional investors and hedge funds own 77.25% of the company’s stock.

QUALCOMM Incorporated (NASDAQ QCOM) opened at 56.81 on Monday. QUALCOMM Incorporated has a 52-week low of $51.05 and a 52-week high of $71.62. The company’s 50-day moving average is $57.09 and its 200-day moving average is $57.97. The firm has a market capitalization of $83.93 billion, a price-to-earnings ratio of 18.93 and a beta of 1.30.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, April 19th. The wireless technology company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.29. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.86 billion. QUALCOMM had a net margin of 19.25% and a return on equity of 21.32%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $1.04 EPS. Equities analysts predict that QUALCOMM Incorporated will post $4.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 30th will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, August 28th. This represents a $2.28 annualized dividend and a dividend yield of 4.01%. QUALCOMM’s dividend payout ratio is presently 76.00%.

WARNING: “Access Financial Services Inc. Has $1.16 Million Stake in QUALCOMM Incorporated (QCOM)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/access-financial-services-inc-has-1-16-million-stake-in-qualcomm-incorporated-qcom/1444927.html.

Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of QUALCOMM from a “strong sell” rating to a “sell” rating in a research note on Sunday. Stifel Nicolaus reiterated a “buy” rating and set a $65.00 price objective on shares of QUALCOMM in a research note on Thursday. Cowen and Company reiterated an “outperform” rating on shares of QUALCOMM in a research note on Monday, July 10th. BMO Capital Markets reiterated a “market perform” rating and set a $54.00 price objective on shares of QUALCOMM in a research note on Monday, July 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $55.00 price objective on shares of QUALCOMM in a research note on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $64.65.

In other QUALCOMM news, President Derek K. Aberle sold 23,104 shares of QUALCOMM stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $55.38, for a total transaction of $1,279,499.52. Following the transaction, the president now directly owns 5,855 shares of the company’s stock, valued at $324,249.90. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Alexander H. Rogers sold 470 shares of QUALCOMM stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $57.28, for a total transaction of $26,921.60. Following the transaction, the executive vice president now directly owns 3,049 shares in the company, valued at $174,646.72. The disclosure for this sale can be found here. Insiders sold 87,473 shares of company stock worth $4,840,167 over the last three months. 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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM Incorporated (NASDAQ:QCOM).

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

Receive News & Ratings for QUALCOMM Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.