Green Square Capital LLC increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 26.0% during the first quarter, Holdings Channel reports. The institutional investor owned 102,122 shares of the wireless technology company’s stock after buying an additional 21,049 shares during the period. Green Square Capital LLC’s holdings in QUALCOMM were worth $5,856,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC raised its stake 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 during the last quarter. Artisan Partners Limited Partnership raised its stake 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 during the last quarter. Schwab Charles Investment Management Inc. raised its stake 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 during the last quarter. Schroder Investment Management Group raised its stake 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 during the last quarter. Finally, Nordea Investment Management AB raised its stake 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 during the last quarter. Institutional investors own 76.59% of the company’s stock.

QUALCOMM Incorporated (QCOM) traded up 0.825% on Monday, reaching $53.155. The company had a trading volume of 1,260,379 shares. The firm has a 50-day moving average of $54.48 and a 200-day moving average of $55.60. The stock has a market capitalization of $78.46 billion, a P/E ratio of 20.358 and a beta of 1.29. QUALCOMM Incorporated has a 12 month low of $51.05 and a 12 month high of $71.62.

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

The business also recently disclosed 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 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Monday, August 28th. QUALCOMM’s dividend payout ratio (DPR) is presently 87.36%.

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Several brokerages have commented on QCOM. BMO Capital Markets reissued a “market perform” rating and issued a $60.00 price objective on shares of QUALCOMM in a report on Saturday, April 22nd. UBS AG reaffirmed a “neutral” rating and issued a $58.00 price target on shares of QUALCOMM in a research note on Tuesday, May 2nd. Vetr lowered QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $58.52 price target on the stock. in a research note on Tuesday, May 2nd. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of QUALCOMM in a research note on Monday, May 15th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of QUALCOMM in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $63.96.

In other QUALCOMM news, President Derek K. Aberle sold 23,104 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $55.38, for a total value of $1,279,499.52. Following the transaction, the president now directly owns 5,855 shares of the company’s stock, valued at $324,249.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Derek K. Aberle sold 22,251 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $57.59, for a total value of $1,281,435.09. Following the completion of the transaction, the president now directly owns 28,959 shares in the company, valued at $1,667,748.81. The disclosure for this sale can be found here. Insiders sold 52,101 shares of company stock worth $2,955,612 over the last three months. 0.24% of the stock is currently owned by corporate insiders.

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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