Commerce Bank raised its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 22.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,687 shares of the wireless technology company’s stock after buying an additional 12,073 shares during the period. Commerce Bank’s holdings in QUALCOMM were worth $3,457,000 as of its most recent filing with the SEC.

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

Several research firms have weighed in on QCOM. Vetr upgraded shares of QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $76.13 price objective on the stock in a research report on Tuesday, January 2nd. BidaskClub cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. ValuEngine upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Stifel Nicolaus cut shares of QUALCOMM from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $65.00 to $75.00 in a research report on Tuesday, November 28th. Finally, Royal Bank of Canada lifted their price objective on shares of QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $66.06.

In related news, EVP Matthew S. Grob sold 43,000 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total value of $2,810,050.00. Following the completion of the sale, the executive vice president now directly owns 43,000 shares in the company, valued at $2,810,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Matthew S. Grob sold 20,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $60.44, for a total transaction of $1,208,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,989 shares of company stock worth $4,678,794. 0.17% of the stock is currently owned by corporate insiders.

QUALCOMM, Inc. (NASDAQ:QCOM) opened at $65.38 on Friday. 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 fifty-two week low of $48.92 and a fifty-two week high of $69.28. The company has a market cap of $96,380.00, a price-to-earnings ratio of 39.62, a PEG ratio of 1.86 and a beta of 1.39.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders 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 dividend yield of 3.49%. QUALCOMM’s dividend payout ratio is currently 138.18%.

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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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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