Rothschild Investment Corp IL Decreases Position in QUALCOMM Incorporated (NASDAQ:QCOM)
Rothschild Investment Corp IL reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 211,825 shares of the wireless technology company’s stock after selling 9,273 shares during the period. QUALCOMM makes up about 1.3% of Rothschild Investment Corp IL’s holdings, making the stock its 13th largest position. Rothschild Investment Corp IL’s holdings in QUALCOMM were worth $11,697,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jacobi Capital Management LLC increased its position in shares of QUALCOMM by 10.8% in the first quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock worth $145,000 after buying an additional 250 shares in the last quarter. Alpha Windward LLC increased its position in shares of QUALCOMM by 6.1% in the second quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock worth $148,000 after buying an additional 153 shares in the last quarter. American National Bank increased its position in shares of QUALCOMM by 41.0% in the first quarter. American National Bank now owns 2,825 shares of the wireless technology company’s stock worth $162,000 after buying an additional 822 shares in the last quarter. Welch Group LLC increased its position in shares of QUALCOMM by 2.3% in the first quarter. Welch Group LLC now owns 3,037 shares of the wireless technology company’s stock worth $174,000 after buying an additional 69 shares in the last quarter. Finally, Commonwealth Financial Services LLC increased its position in shares of QUALCOMM by 499.5% in the first quarter. Commonwealth Financial Services LLC now owns 3,627 shares of the wireless technology company’s stock worth $205,000 after buying an additional 3,022 shares in the last quarter. 76.59% of the stock is owned by institutional investors.
QUALCOMM Incorporated (NASDAQ QCOM) traded up 1.08% during mid-day trading on Monday, reaching $53.29. The company’s stock had a trading volume of 2,880,042 shares. The company has a market capitalization of $78.66 billion, a PE ratio of 20.41 and a beta of 1.29. QUALCOMM Incorporated has a 1-year low of $51.05 and a 1-year high of $71.62. The firm has a 50 day moving average price of $54.47 and a 200-day moving average price of $55.60.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 19th. The wireless technology company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. On average, equities analysts predict that QUALCOMM Incorporated will post $4.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 30th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Monday, August 28th. QUALCOMM’s dividend payout ratio is presently 87.36%.
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A number of equities analysts have recently commented on the company. BMO Capital Markets reissued a “market perform” rating and set a $60.00 price objective on shares of QUALCOMM in a research report on Saturday, April 22nd. UBS AG reissued a “neutral” rating and set a $58.00 price objective on shares of QUALCOMM in a research report on Tuesday, May 2nd. Vetr downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $58.52 price objective for the company. in a research report on Tuesday, May 2nd. Sanford C. Bernstein reissued a “market perform” rating on shares of QUALCOMM in a research report on Monday, May 15th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of QUALCOMM in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $63.96.
In other news, President Derek K. Aberle sold 23,104 shares of the business’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $55.38, for a total value of $1,279,499.52. Following the sale, the president now owns 5,855 shares of the company’s stock, valued at approximately $324,249.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Derek K. Aberle sold 22,251 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $57.59, for a total value of $1,281,435.09. Following the completion of the sale, the president now directly owns 28,959 shares in the company, valued at approximately $1,667,748.81. The disclosure for this sale can be found here. Insiders sold a total of 52,101 shares of company stock worth $2,955,612 in the last three months. Company insiders own 0.24% of the company’s stock.
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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