Northern Capital Management LLC trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 15.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,797 shares of the wireless technology company’s stock after selling 12,375 shares during the period. QUALCOMM comprises about 1.4% of Northern Capital Management LLC’s portfolio, making the stock its 22nd largest position. Northern Capital Management LLC’s holdings in QUALCOMM were worth $3,633,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Synovus Financial Corp grew its holdings in QUALCOMM by 31.5% during the 2nd quarter. Synovus Financial Corp now owns 39,252 shares of the wireless technology company’s stock worth $2,173,000 after acquiring an additional 9,407 shares in the last quarter. Seizert Capital Partners LLC grew its holdings in QUALCOMM by 2.5% during the 2nd quarter. Seizert Capital Partners LLC now owns 719,683 shares of the wireless technology company’s stock worth $39,741,000 after acquiring an additional 17,793 shares in the last quarter. Matrix Asset Advisors Inc. NY grew its holdings in QUALCOMM by 0.8% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 280,202 shares of the wireless technology company’s stock worth $15,473,000 after acquiring an additional 2,316 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in QUALCOMM by 8.6% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 6,445 shares of the wireless technology company’s stock worth $363,000 after acquiring an additional 508 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its holdings in QUALCOMM by 11.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 26,601 shares of the wireless technology company’s stock worth $1,469,000 after acquiring an additional 2,702 shares in the last quarter. Institutional investors own 76.85% of the company’s stock.

Several brokerages have issued reports on QCOM. BMO Capital Markets increased their target price on shares of QUALCOMM from $55.00 to $57.00 and gave the stock a “market perform” rating in a report on Thursday. Sanford C. Bernstein increased their target price on shares of QUALCOMM from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday. Vetr cut shares of QUALCOMM from a “strong-buy” rating to a “hold” rating and set a $62.71 target price on the stock. in a report on Monday. Zacks Investment Research upgraded shares of QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of QUALCOMM in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have assigned a buy rating to the company. QUALCOMM currently has an average rating of “Hold” and a consensus price target of $63.81.

In related news, EVP Michelle M. Sterling sold 4,740 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $51.88, for a total value of $245,911.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 5,837 shares of company stock valued at $303,249 over the last ninety days. 0.24% of the stock is currently owned by insiders.

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QUALCOMM Incorporated (NASDAQ:QCOM) opened at $61.81 on Monday. The company has a market cap of $91,118.14, a P/E ratio of 16.35, a P/E/G ratio of 2.00 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81. QUALCOMM Incorporated has a 1 year low of $48.92 and a 1 year high of $70.24.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.22. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. QUALCOMM’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $1.28 EPS. research analysts anticipate that QUALCOMM Incorporated will post 3.3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Tuesday, November 28th. QUALCOMM’s payout ratio is currently 138.18%.

QUALCOMM 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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