Zevenbergen Capital Investments LLC trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 7.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,320 shares of the wireless technology company’s stock after selling 1,380 shares during the period. Zevenbergen Capital Investments LLC’s holdings in QUALCOMM were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Jacobi Capital Management LLC raised its position in QUALCOMM by 10.8% during the first quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock valued at $145,000 after buying an additional 250 shares during the period. Alpha Windward LLC increased its position in QUALCOMM by 6.1% in the 2nd quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock worth $148,000 after purchasing an additional 153 shares during the last quarter. Penserra Capital Management LLC increased its position in QUALCOMM by 40.7% in the 2nd quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock worth $160,000 after purchasing an additional 842 shares during the last quarter. FNY Partners Fund LP increased its position in QUALCOMM by 102.0% in the 2nd quarter. FNY Partners Fund LP now owns 3,100 shares of the wireless technology company’s stock worth $171,000 after purchasing an additional 1,565 shares during the last quarter. Finally, American National Bank increased its position in QUALCOMM by 28.7% in the 2nd quarter. American National Bank now owns 3,637 shares of the wireless technology company’s stock worth $201,000 after purchasing an additional 812 shares during the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of QUALCOMM Incorporated (QCOM) opened at $68.13 on Friday. QUALCOMM Incorporated has a 52 week low of $48.92 and a 52 week high of $70.24. The firm has a market capitalization of $100,434.86, a P/E ratio of 18.02, a P/E/G ratio of 1.91 and a beta of 1.26. 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 announced its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the company earned $1.28 EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. equities analysts forecast that QUALCOMM Incorporated will post 3.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $2.28 annualized dividend and a yield of 3.35%. QUALCOMM’s payout ratio is 138.18%.

In related news, EVP Matthew S. Grob sold 20,000 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michelle M. Sterling sold 7,840 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total value of $521,830.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,937 shares of company stock valued at $1,787,969. 0.17% of the stock is owned by corporate insiders.

Several brokerages have weighed in on QCOM. Vetr lowered QUALCOMM from a “buy” rating to a “hold” rating and set a $69.52 target price on the stock. in a research report on Thursday. Royal Bank Of Canada upped their target price on QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of QUALCOMM in a research report on Monday, November 13th. Canaccord Genuity upped their target price on QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. Finally, Raymond James Financial, Inc. raised QUALCOMM from a “market perform” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $65.42.

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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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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