Public Employees Retirement System of Ohio increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,013,377 shares of the wireless technology company’s stock after acquiring an additional 13,005 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of QUALCOMM worth $55,959,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of QCOM. FMR LLC grew its position in QUALCOMM by 16.5% in the 2nd quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock worth $4,446,786,000 after purchasing an additional 11,387,347 shares in the last quarter. Veritas Asset Management LLP bought a new stake in QUALCOMM in the 2nd quarter worth about $440,415,000. Capital International Investors grew its position in QUALCOMM by 59.9% in the 2nd quarter. Capital International Investors now owns 15,132,794 shares of the wireless technology company’s stock worth $835,633,000 after purchasing an additional 5,671,176 shares in the last quarter. Baupost Group LLC MA bought a new stake in QUALCOMM in the 1st quarter worth about $299,085,000. Finally, Nordea Investment Management AB grew its position in QUALCOMM by 589.4% in the 1st quarter. Nordea Investment Management AB now owns 5,912,226 shares of the wireless technology company’s stock worth $339,007,000 after purchasing an additional 5,054,642 shares in the last quarter. Institutional investors own 76.66% of the company’s stock.

A number of equities research analysts have issued reports on QCOM shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $55.00 price objective on shares of QUALCOMM in a research report on Thursday, August 24th. William Blair reaffirmed a “market perform” rating on shares of QUALCOMM in a research report on Tuesday, September 5th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of QUALCOMM in a research report on Wednesday, September 6th. Northland Securities raised shares of QUALCOMM from a “market perform” rating to an “outperform” rating and set a $62.50 price objective for the company in a research report on Friday, September 15th. Finally, Zacks Investment Research downgraded shares of QUALCOMM from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $66.02.

In related news, EVP Michelle M. Sterling sold 7,840 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total value of $521,830.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matthew S. Grob sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $60.44, for a total transaction of $1,208,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,427 shares of company stock valued at $1,827,995. 0.24% of the stock is owned by insiders.

QUALCOMM Incorporated (NASDAQ:QCOM) opened at $65.18 on Tuesday. QUALCOMM Incorporated has a 52-week low of $48.92 and a 52-week high of $70.24. The firm has a market cap of $94,700.36, a P/E ratio of 17.00, a PEG ratio of 1.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.22. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the firm earned $1.28 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. sell-side analysts anticipate that QUALCOMM Incorporated will post 3.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.50%. The ex-dividend date is Tuesday, November 28th. QUALCOMM’s dividend payout ratio (DPR) is presently 138.18%.

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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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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