Duff & Phelps Investment Management Co. decreased its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,365 shares of the wireless technology company’s stock after selling 1,400 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in QUALCOMM were worth $761,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mathes Company Inc. lifted its stake in shares of QUALCOMM by 190.0% during the 4th quarter. Mathes Company Inc. now owns 8,700 shares of the wireless technology company’s stock worth $495,000 after purchasing an additional 5,700 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of QUALCOMM by 3.3% during the 3rd quarter. Alliancebernstein L.P. now owns 4,215,124 shares of the wireless technology company’s stock worth $303,615,000 after purchasing an additional 134,469 shares during the last quarter. First American Bank lifted its stake in shares of QUALCOMM by 4.5% during the 4th quarter. First American Bank now owns 27,282 shares of the wireless technology company’s stock worth $1,552,000 after purchasing an additional 1,166 shares during the last quarter. Ipswich Investment Management Co. Inc. lifted its stake in shares of QUALCOMM by 7.9% during the 4th quarter. Ipswich Investment Management Co. Inc. now owns 5,125 shares of the wireless technology company’s stock worth $292,000 after purchasing an additional 375 shares during the last quarter. Finally, Becker Capital Management Inc. lifted its stake in shares of QUALCOMM by 8.8% during the 4th quarter. Becker Capital Management Inc. now owns 677,926 shares of the wireless technology company’s stock worth $38,581,000 after purchasing an additional 54,674 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Wednesday. Raymond James set a $65.00 price target on QUALCOMM and gave the company a “buy” rating in a research note on Saturday, February 2nd. ValuEngine cut QUALCOMM from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. BMO Capital Markets reiterated a “market perform” rating on shares of QUALCOMM in a research note on Thursday, January 31st. Finally, Citigroup reiterated a “neutral” rating and issued a $55.00 price target (down from $62.00) on shares of QUALCOMM in a research note on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $66.00.

In related news, EVP Donald J. Rosenberg sold 6,297 shares of the firm’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $55.22, for a total transaction of $347,720.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP James H. Thompson sold 40,000 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $50.75, for a total value of $2,030,000.00. Following the sale, the executive vice president now directly owns 62,301 shares in the company, valued at $3,161,775.75. The disclosure for this sale can be found here. Insiders sold 73,668 shares of company stock worth $4,006,189 over the last three months. Corporate insiders own 0.11% of the company’s stock.

Shares of QCOM stock opened at $51.59 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 4.25. The stock has a market capitalization of $62.52 billion, a PE ratio of 16.17, a PEG ratio of 1.58 and a beta of 1.17. QUALCOMM, Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $76.50.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.11. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.89 billion. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The company’s revenue was down 21.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 earnings per share. Research analysts anticipate that QUALCOMM, Inc. will post 3.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Wednesday, March 6th. QUALCOMM’s dividend payout ratio is presently 77.74%.

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QUALCOMM Company Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

See Also: Understanding Analyst Ratings

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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