Pineno Levin & Ford Asset Management Inc. boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 0.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,467 shares of the wireless technology company’s stock after buying an additional 130 shares during the quarter. Pineno Levin & Ford Asset Management Inc.’s holdings in QUALCOMM were worth $2,842,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of QCOM. Kanawha Capital Management LLC increased its holdings in shares of QUALCOMM by 13.8% during the 1st quarter. Kanawha Capital Management LLC now owns 66,603 shares of the wireless technology company’s stock valued at $3,819,000 after purchasing an additional 8,055 shares in the last quarter. Stonebridge Capital Management Inc. increased its holdings in shares of QUALCOMM by 12.2% during the 1st quarter. Stonebridge Capital Management Inc. now owns 100,008 shares of the wireless technology company’s stock valued at $5,734,000 after purchasing an additional 10,850 shares in the last quarter. Nikko Asset Management Americas Inc. increased its holdings in shares of QUALCOMM by 41.4% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 79,900 shares of the wireless technology company’s stock valued at $4,581,000 after purchasing an additional 23,400 shares in the last quarter. Parsec Financial Management Inc. increased its holdings in shares of QUALCOMM by 1.5% during the 1st quarter. Parsec Financial Management Inc. now owns 220,999 shares of the wireless technology company’s stock valued at $12,672,000 after purchasing an additional 3,279 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of QUALCOMM by 2.8% during the 1st quarter. Russell Investments Group Ltd. now owns 2,180,178 shares of the wireless technology company’s stock valued at $125,025,000 after purchasing an additional 58,924 shares in the last quarter. 76.97% of the stock is owned by institutional investors.

In other QUALCOMM news, EVP Michelle M. Sterling sold 4,740 shares of QUALCOMM stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $51.88, for a total transaction of $245,911.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Derek K. Aberle sold 23,104 shares of QUALCOMM stock in a transaction that occurred on 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 sale, the president now owns 5,855 shares in the company, valued at $324,249.90. The disclosure for this sale can be found here. Insiders have sold a total of 28,914 shares of company stock worth $1,581,095 over the last 90 days. 0.17% of the stock is owned by company insiders.

QCOM has been the subject of several recent research reports. William Blair reaffirmed a “market perform” rating on shares of QUALCOMM in a report on Tuesday, September 5th. Northland Securities raised shares of QUALCOMM from a “market perform” rating to an “outperform” rating and set a $62.50 target price for the company in a report on Friday, September 15th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of QUALCOMM in a report on Wednesday, September 6th. Deutsche Bank AG cut their target price on shares of QUALCOMM from $62.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, July 20th. Finally, Morgan Stanley lifted their target price on shares of QUALCOMM from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. QUALCOMM currently has an average rating of “Hold” and an average price target of $63.60.

Shares of QUALCOMM Incorporated (NASDAQ:QCOM) opened at 52.49 on Friday. QUALCOMM Incorporated has a 1-year low of $48.92 and a 1-year high of $71.62. The stock has a market capitalization of $77.48 billion, a price-to-earnings ratio of 20.10 and a beta of 1.28. The company’s 50 day moving average is $51.68 and its 200-day moving average is $54.47.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. The business had revenue of $5.37 billion for 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%. The company’s revenue was down 11.1% on a year-over-year basis. During the same period last year, the business posted $1.16 EPS. Equities analysts anticipate that QUALCOMM Incorporated will post $4.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, August 28th. This represents a $2.28 annualized dividend and a yield of 4.34%. QUALCOMM’s dividend payout ratio is presently 87.36%.

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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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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