Gofen & Glossberg LLC IL cut its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,715 shares of the wireless technology company’s stock after selling 7,619 shares during the period. Gofen & Glossberg LLC IL’s holdings in QUALCOMM were worth $14,002,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wrapmanager Inc. purchased a new position in QUALCOMM during the third quarter worth about $369,000. Conning Inc. raised its stake in shares of QUALCOMM by 16.4% in the 3rd quarter. Conning Inc. now owns 719,378 shares of the wireless technology company’s stock valued at $37,293,000 after acquiring an additional 101,483 shares during the period. Stephens Inc. AR raised its stake in shares of QUALCOMM by 10.8% in the 2nd quarter. Stephens Inc. AR now owns 115,483 shares of the wireless technology company’s stock valued at $6,377,000 after acquiring an additional 11,232 shares during the period. Ffcm LLC raised its stake in shares of QUALCOMM by 44.7% in the 3rd quarter. Ffcm LLC now owns 101,475 shares of the wireless technology company’s stock valued at $5,261,000 after acquiring an additional 31,326 shares during the period. Finally, Iberiabank Corp raised its stake in shares of QUALCOMM by 10.5% in the 3rd quarter. Iberiabank Corp now owns 62,137 shares of the wireless technology company’s stock valued at $3,224,000 after acquiring an additional 5,928 shares during the period. 75.68% of the stock is currently owned by institutional investors.

QUALCOMM, Inc. (NASDAQ:QCOM) opened at $65.70 on Wednesday. The company has a quick ratio of 3.25, a current ratio of 3.41 and a debt-to-equity ratio of 0.81. The firm has a market cap of $97,260.00, a P/E ratio of -23.22, a P/E/G ratio of 1.99 and a beta of 1.38. QUALCOMM, Inc. has a twelve month low of $48.92 and a twelve month high of $69.28.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $5.93 billion. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 earnings per share. research analysts expect that QUALCOMM, Inc. will post 2.8 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Tuesday, February 27th. QUALCOMM’s dividend payout ratio (DPR) is currently -80.57%.

In other QUALCOMM news, EVP Matthew S. Grob sold 43,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were 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 available at this hyperlink. Also, EVP Alexander H. Rogers sold 874 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $68.52, for a total transaction of $59,886.48. Following the transaction, the executive vice president now owns 12,035 shares of the company’s stock, valued at approximately $824,638.20. The disclosure for this sale can be found here. Insiders sold 53,346 shares of company stock valued at $3,499,504 in the last 90 days. Company insiders own 0.24% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, November 27th. Macquarie boosted their price target on shares of QUALCOMM from $55.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Canaccord Genuity boosted their price target on shares of QUALCOMM from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Stifel Nicolaus downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating and boosted their price target for the company from $65.00 to $75.00 in a research note on Tuesday, November 28th. Finally, ValuEngine downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. QUALCOMM currently has a consensus rating of “Hold” and a consensus target price of $68.25.

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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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