Advisors Asset Management Inc. decreased its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 5.9% during the third quarter, HoldingsChannel.com reports. The fund owned 349,856 shares of the wireless technology company’s stock after selling 21,991 shares during the period. Advisors Asset Management Inc.’s holdings in QUALCOMM were worth $18,137,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Westwood Holdings Group Inc. bought a new position in shares of QUALCOMM in the second quarter worth about $114,000. Krilogy Financial LLC raised its stake in shares of QUALCOMM by 47.0% in the second quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock worth $129,000 after buying an additional 745 shares during the period. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of QUALCOMM in the second quarter worth about $141,000. Jacobi Capital Management LLC raised its stake in shares of QUALCOMM by 7.8% in the second quarter. Jacobi Capital Management LLC now owns 2,767 shares of the wireless technology company’s stock worth $154,000 after buying an additional 200 shares during the period. Finally, Penserra Capital Management LLC raised its stake in shares of QUALCOMM by 40.7% in the second quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock worth $160,000 after buying an additional 842 shares during the period. 76.20% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on QCOM shares. BMO Capital Markets raised their price objective on QUALCOMM from $55.00 to $57.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. UBS Group raised QUALCOMM from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 8th. Royal Bank of Canada increased their target price on QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Canaccord Genuity increased their target price on QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. Finally, Mizuho reiterated a “buy” rating on shares of QUALCOMM in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $66.06.

QUALCOMM, Inc. (NASDAQ QCOM) opened at $65.38 on Friday. The firm has a market capitalization of $96,380.00, a P/E ratio of 39.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00. QUALCOMM, Inc. has a 1-year low of $48.92 and a 1-year high of $69.28.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.22. The business had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. equities research analysts expect that QUALCOMM, Inc. will post 3.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.49%. QUALCOMM’s dividend payout ratio is presently 138.18%.

In other QUALCOMM news, EVP Matthew S. Grob sold 43,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $65.35, for a total transaction of $2,810,050.00. Following the completion of the transaction, the executive vice president now owns 43,000 shares in the company, valued at approximately $2,810,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michelle M. Sterling sold 7,840 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total value of $521,830.40. The disclosure for this sale can be found here. Insiders have sold a total of 72,989 shares of company stock valued at $4,678,794 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

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About QUALCOMM

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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