Westwood Holdings Group Inc. raised its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,777 shares of the wireless technology company’s stock after acquiring an additional 334 shares during the quarter. Westwood Holdings Group Inc.’s holdings in QUALCOMM were worth $2,722,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of QCOM. Jennison Associates LLC raised its holdings in QUALCOMM by 996.4% during the second quarter. Jennison Associates LLC now owns 15,287,530 shares of the wireless technology company’s stock valued at $1,162,922,000 after acquiring an additional 13,893,238 shares during the period. Morgan Stanley raised its holdings in QUALCOMM by 126.9% during the second quarter. Morgan Stanley now owns 15,465,753 shares of the wireless technology company’s stock valued at $1,176,482,000 after acquiring an additional 8,648,635 shares during the period. FIL Ltd raised its holdings in QUALCOMM by 179.2% during the first quarter. FIL Ltd now owns 4,770,291 shares of the wireless technology company’s stock valued at $272,050,000 after acquiring an additional 3,061,598 shares during the period. Vanguard Group Inc. raised its holdings in QUALCOMM by 2.4% during the second quarter. Vanguard Group Inc. now owns 99,900,654 shares of the wireless technology company’s stock valued at $7,599,444,000 after acquiring an additional 2,296,163 shares during the period. Finally, Prudential Financial Inc. raised its holdings in QUALCOMM by 203.9% during the second quarter. Prudential Financial Inc. now owns 3,393,342 shares of the wireless technology company’s stock valued at $258,131,000 after acquiring an additional 2,276,723 shares during the period. 78.45% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Mark D. Mclaughlin purchased 2,705 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was bought at an average price of $73.84 per share, for a total transaction of $199,737.20. Following the completion of the transaction, the director now owns 5,220 shares in the company, valued at approximately $385,444.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Erin L. Polek sold 1,478 shares of QUALCOMM stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $70.36, for a total value of $103,992.08. Following the completion of the transaction, the senior vice president now owns 1,386 shares of the company’s stock, valued at approximately $97,518.96. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

A number of research firms have commented on QCOM. Royal Bank of Canada reissued a “sector perform” rating and set a $79.00 price target on shares of QUALCOMM in a report on Monday, July 22nd. Deutsche Bank decreased their price target on QUALCOMM from $80.00 to $75.00 and set an “in-line” rating on the stock in a report on Thursday, August 1st. Morgan Stanley set a $89.00 price target on QUALCOMM and gave the company a “buy” rating in a report on Wednesday, August 21st. Bank of America decreased their price target on QUALCOMM from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, DZ Bank reissued a “sell” rating on shares of QUALCOMM in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $79.68.

Shares of QUALCOMM stock traded up $1.21 during trading on Monday, reaching $77.65. 299,657 shares of the stock traded hands, compared to its average volume of 7,020,836. The company has a market capitalization of $95.10 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 2.16 and a beta of 1.59. QUALCOMM, Inc. has a 52-week low of $49.10 and a 52-week high of $90.34. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.77 and a quick ratio of 1.61. The business has a fifty day simple moving average of $74.92 and a two-hundred day simple moving average of $71.48.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $5.12 billion. QUALCOMM had a return on equity of 112.21% and a net margin of 13.41%. The firm’s revenue was down 12.7% on a year-over-year basis. During the same quarter last year, the business posted $1.01 earnings per share. On average, research analysts predict that QUALCOMM, Inc. will post 2.84 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a $0.62 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $2.48 annualized dividend and a yield of 3.19%. QUALCOMM’s dividend payout ratio is currently 77.74%.

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.

Further Reading: Market Perform

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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