R.M.SINCERBEAUX Capital Management LLC held its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the second quarter, according to its most recent filing with the SEC. The firm owned 64,250 shares of the wireless technology company’s stock at the close of the second quarter. QUALCOMM accounts for about 3.2% of R.M.SINCERBEAUX Capital Management LLC’s portfolio, making the stock its 11th largest holding. R.M.SINCERBEAUX Capital Management LLC’s holdings in QUALCOMM were worth $3,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jacobi Capital Management LLC boosted its holdings 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 worth $145,000 after purchasing an additional 250 shares during the last quarter. Alpha Windward LLC boosted its holdings in QUALCOMM by 6.1% during the second 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 boosted its holdings in QUALCOMM by 40.7% during the second 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 boosted its holdings in QUALCOMM by 102.0% during the second 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 boosted its holdings in QUALCOMM by 28.7% during the second 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. Institutional investors and hedge funds own 76.93% of the company’s stock.

Shares of QUALCOMM Incorporated (QCOM) opened at $66.49 on Tuesday. QUALCOMM Incorporated has a one year low of $48.92 and a one year high of $70.24. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63. The firm has a market cap of $95,186.84, a P/E ratio of 17.08, a PEG ratio of 1.81 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.22. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period last year, the company posted $1.28 EPS. The firm’s quarterly 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 year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.43%. QUALCOMM’s payout ratio is currently 138.18%.

In related news, EVP Michelle M. Sterling sold 4,740 shares of QUALCOMM stock in a transaction that occurred on Monday, August 21st. The shares were 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 can be accessed through this link. Also, EVP Matthew S. Grob sold 20,000 shares of QUALCOMM 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 90 days, insiders sold 25,837 shares of company stock worth $1,512,049. 0.24% of the stock is currently owned by corporate insiders.

A number of analysts have commented on the stock. BMO Capital Markets increased their price target on shares of QUALCOMM from $55.00 to $57.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. J P Morgan Chase & Co reiterated an “overweight” rating on shares of QUALCOMM in a research note on Wednesday, September 6th. Mizuho reiterated a “buy” rating on shares of QUALCOMM in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of QUALCOMM from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of QUALCOMM in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.15.

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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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