R.H. Dinel Investment Counsel Inc. grew its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 13.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 59,975 shares of the wireless technology company’s stock after acquiring an additional 7,250 shares during the period. QUALCOMM accounts for approximately 4.2% of R.H. Dinel Investment Counsel Inc.’s investment portfolio, making the stock its 7th biggest position. R.H. Dinel Investment Counsel Inc.’s holdings in QUALCOMM were worth $4,562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. HL Financial Services LLC grew its stake in shares of QUALCOMM by 0.6% in the 1st quarter. HL Financial Services LLC now owns 20,371 shares of the wireless technology company’s stock valued at $1,162,000 after buying an additional 128 shares during the period. Lindbrook Capital LLC boosted its stake in QUALCOMM by 5.2% during the 2nd quarter. Lindbrook Capital LLC now owns 2,821 shares of the wireless technology company’s stock valued at $214,000 after purchasing an additional 139 shares during the last quarter. Enterprise Financial Services Corp boosted its stake in QUALCOMM by 9.9% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,585 shares of the wireless technology company’s stock valued at $121,000 after purchasing an additional 143 shares during the last quarter. Harrington Investments INC boosted its stake in QUALCOMM by 1.1% during the 1st quarter. Harrington Investments INC now owns 13,751 shares of the wireless technology company’s stock valued at $784,000 after purchasing an additional 150 shares during the last quarter. Finally, Evolution Wealth Advisors LLC boosted its stake in QUALCOMM by 4.6% during the 1st quarter. Evolution Wealth Advisors LLC now owns 3,518 shares of the wireless technology company’s stock valued at $201,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 77.19% of the company’s stock.

QCOM has been the topic of several recent analyst reports. ValuEngine raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Rosenblatt Securities reissued a “buy” rating and set a $84.00 target price on shares of QUALCOMM in a research report on Thursday, May 2nd. TheStreet raised shares of QUALCOMM from a “c+” rating to a “b-” rating in a research report on Thursday, August 1st. Daiwa Capital Markets initiated coverage on shares of QUALCOMM in a research report on Thursday, July 18th. They set a “neutral” rating on the stock. Finally, Mizuho reissued a “hold” rating and set a $68.00 target price on shares of QUALCOMM in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $79.93.

Shares of NASDAQ:QCOM traded up $2.42 during mid-day trading on Tuesday, reaching $72.22. The company had a trading volume of 659,316 shares, compared to its average volume of 12,222,399. The company has a current ratio of 1.77, a quick ratio of 1.61 and a debt-to-equity ratio of 2.46. The stock has a market capitalization of $84.34 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.62. The company has a 50-day simple moving average of $74.35. QUALCOMM, Inc. has a one year low of $49.10 and a one year high of $90.34.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 31st. The wireless technology company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. QUALCOMM had a net margin of 13.41% and a return on equity of 112.21%. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The business’s revenue for the quarter was down 12.7% compared to the same quarter last year. On average, equities analysts expect that QUALCOMM, Inc. will post 2.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $2.48 dividend on an annualized basis and a yield of 3.43%. QUALCOMM’s payout ratio is 77.74%.

In other QUALCOMM news, SVP Erin L. Polek sold 1,478 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.36, for a total transaction of $103,992.08. Following the sale, the senior vice president now owns 1,386 shares of the company’s stock, valued at approximately $97,518.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michelle M. Sterling sold 5,560 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $86.44, for a total transaction of $480,606.40. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

QUALCOMM Company Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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