Financial Architects Inc boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 16.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,792 shares of the wireless technology company’s stock after buying an additional 4,009 shares during the period. Financial Architects Inc’s holdings in QUALCOMM were worth $1,535,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of QUALCOMM by 3.6% in the first quarter. Fisher Asset Management LLC now owns 10,041,310 shares of the wireless technology company’s stock valued at $575,769,000 after buying an additional 352,962 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of QUALCOMM by 9.0% in the first quarter. Artisan Partners Limited Partnership now owns 9,444,032 shares of the wireless technology company’s stock valued at $541,521,000 after buying an additional 783,394 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of QUALCOMM by 3.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 6,895,262 shares of the wireless technology company’s stock valued at $395,375,000 after buying an additional 205,103 shares in the last quarter. Schroder Investment Management Group raised its position in shares of QUALCOMM by 30.8% in the first quarter. Schroder Investment Management Group now owns 6,562,412 shares of the wireless technology company’s stock valued at $375,369,000 after buying an additional 1,544,792 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of QUALCOMM by 589.4% in the first quarter. Nordea Investment Management AB now owns 5,912,226 shares of the wireless technology company’s stock valued at $339,007,000 after buying an additional 5,054,642 shares in the last quarter. 76.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) traded down 1.14% during midday trading on Thursday, reaching $52.70. 1,778,998 shares of the company’s stock traded hands. The stock has a 50 day moving average of $54.24 and a 200-day moving average of $55.57. The stock has a market cap of $77.79 billion, a price-to-earnings ratio of 20.18 and a beta of 1.29. QUALCOMM Incorporated has a 52-week low of $51.05 and a 52-week high of $71.62.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.02. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.25 billion. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. QUALCOMM’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 earnings per share. On average, equities research analysts expect that QUALCOMM Incorporated will post $4.16 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Monday, August 28th. QUALCOMM’s dividend payout ratio is presently 87.36%.

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Several research analysts have weighed in on QCOM shares. ValuEngine lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub lowered shares of QUALCOMM from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of QUALCOMM from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 20th. Northland Securities lowered shares of QUALCOMM from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $75.00 to $62.50 in a report on Wednesday, June 28th. Finally, Vetr raised shares of QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $62.13 price target for the company in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.96.

In other news, President Derek K. Aberle sold 23,104 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $55.38, for a total transaction of $1,279,499.52. Following the sale, the president now directly owns 5,855 shares in the company, valued at $324,249.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michelle M. Sterling sold 5,509 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $59.11, for a total value of $325,636.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,101 shares of company stock worth $2,955,612. Company insiders own 0.17% 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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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