Strs Ohio reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 995,483 shares of the wireless technology company’s stock after selling 119,438 shares during the period. Strs Ohio owned 0.07% of QUALCOMM worth $51,605,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of QCOM. FMR LLC raised its stake in QUALCOMM by 16.5% during the 2nd quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock valued at $4,446,786,000 after purchasing an additional 11,387,347 shares during the period. Veritas Asset Management LLP bought a new stake in QUALCOMM during the 2nd quarter valued at approximately $440,415,000. Capital International Investors raised its stake in QUALCOMM by 59.9% during the 2nd quarter. Capital International Investors now owns 15,132,794 shares of the wireless technology company’s stock valued at $835,633,000 after purchasing an additional 5,671,176 shares during the period. Nordea Investment Management AB raised its stake in QUALCOMM by 589.4% during the 1st quarter. Nordea Investment Management AB now owns 5,912,226 shares of the wireless technology company’s stock valued at $339,007,000 after purchasing an additional 5,054,642 shares during the period. Finally, Maverick Capital Ltd. bought a new stake in QUALCOMM during the 2nd quarter valued at approximately $210,548,000. 76.53% of the stock is currently owned by hedge funds and other institutional investors.

In other QUALCOMM news, EVP Alexander H. Rogers sold 874 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $68.52, for a total value of $59,886.48. Following the completion of the sale, the executive vice president now directly owns 12,035 shares in the company, valued at approximately $824,638.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michelle M. Sterling sold 7,840 shares of the company’s stock in a transaction 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 29,427 shares of company stock valued at $1,827,995. 0.24% of the stock is owned by company insiders.

Several brokerages recently issued reports on QCOM. BidaskClub downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Stifel Nicolaus downgraded QUALCOMM from a “buy” rating to a “hold” rating and lifted their target price for the company from $65.00 to $75.00 in a research note on Tuesday, November 28th. Zacks Investment Research downgraded QUALCOMM from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Vetr downgraded QUALCOMM from a “buy” rating to a “hold” rating and set a $69.52 target price on the stock. in a research note on Thursday, November 23rd. Finally, ValuEngine raised QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.02.

QUALCOMM Incorporated (NASDAQ:QCOM) opened at $64.50 on Wednesday. QUALCOMM Incorporated has a 1-year low of $48.92 and a 1-year high of $69.28. The company has a current ratio of 4.00, a quick ratio of 3.81 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $95,080.00, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.84 and a beta of 1.39.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the previous year, the business earned $1.28 EPS. QUALCOMM’s revenue was down 3.5% compared to the same quarter last year. equities analysts expect that QUALCOMM Incorporated will post 3.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 29th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Tuesday, November 28th. QUALCOMM’s payout ratio is currently 138.18%.

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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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