QUALCOMM Incorporated (NASDAQ:QCOM) Shares Sold by Bowling Portfolio Management LLC


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Bowling Portfolio Management LLC trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 51.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,434 shares of the wireless technology company’s stock after selling 7,889 shares during the period. Bowling Portfolio Management LLC’s holdings in QUALCOMM were worth $986,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new position in QUALCOMM in the fourth quarter valued at approximately $2,969,000. GW&K Investment Management LLC boosted its position in shares of QUALCOMM by 6.4% during the fourth quarter. GW&K Investment Management LLC now owns 176,441 shares of the wireless technology company’s stock worth $26,879,000 after buying an additional 10,683 shares during the period. Paragon Capital Management Ltd acquired a new position in shares of QUALCOMM during the fourth quarter worth approximately $225,000. Fosun International Ltd boosted its position in shares of QUALCOMM by 22.4% during the fourth quarter. Fosun International Ltd now owns 27,300 shares of the wireless technology company’s stock worth $4,054,000 after buying an additional 5,000 shares during the period. Finally, Baker Tilly Financial LLC acquired a new position in shares of QUALCOMM during the fourth quarter worth approximately $2,499,000. Institutional investors and hedge funds own 74.76% of the company’s stock.

NASDAQ QCOM opened at $136.19 on Thursday. The stock has a market capitalization of $154.71 billion, a P/E ratio of 30.06, a P/E/G ratio of 1.27 and a beta of 1.34. QUALCOMM Incorporated has a 1 year low of $72.75 and a 1 year high of $167.94. The business’s fifty day moving average is $133.71 and its two-hundred day moving average is $141.81. The company has a debt-to-equity ratio of 2.51, a quick ratio of 1.84 and a current ratio of 2.14.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, February 3rd. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.07. The company had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $8.26 billion. QUALCOMM had a return on equity of 90.74% and a net margin of 22.09%. The firm’s revenue was up 62.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. On average, research analysts forecast that QUALCOMM Incorporated will post 6.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 24th. Stockholders of record on Thursday, June 3rd will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, June 2nd. This is a boost from QUALCOMM’s previous quarterly dividend of $0.65. QUALCOMM’s dividend payout ratio (DPR) is 77.84%.

QCOM has been the subject of several analyst reports. Morgan Stanley reduced their price objective on QUALCOMM from $171.00 to $167.00 and set an “overweight” rating for the company in a research report on Thursday, February 4th. Citigroup downgraded QUALCOMM from a “buy” rating to a “neutral” rating and set a $165.00 price objective for the company. in a research report on Thursday, February 4th. Mizuho boosted their price objective on QUALCOMM from $163.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, February 4th. JPMorgan Chase & Co. reduced their price objective on QUALCOMM from $185.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, March 10th. Finally, Raymond James boosted their price objective on QUALCOMM from $150.00 to $190.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 19th. Thirteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. QUALCOMM currently has a consensus rating of “Buy” and an average price target of $162.77.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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