QUALCOMM, Inc. (QCOM) Stake Lowered by San Francisco Sentry Investment Group CA

San Francisco Sentry Investment Group CA reduced its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 78.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,953 shares of the wireless technology company’s stock after selling 18,139 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in QUALCOMM were worth $278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Loomis Sayles & Co. L P raised its holdings in QUALCOMM by 0.4% during the first quarter. Loomis Sayles & Co. L P now owns 17,783,314 shares of the wireless technology company’s stock worth $985,374,000 after purchasing an additional 77,817 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in QUALCOMM by 22.4% during the first quarter. Artisan Partners Limited Partnership now owns 11,014,540 shares of the wireless technology company’s stock worth $610,316,000 after purchasing an additional 2,018,241 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in QUALCOMM by 17.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 9,364,599 shares of the wireless technology company’s stock worth $518,893,000 after purchasing an additional 1,419,275 shares during the last quarter. Eaton Vance Management raised its holdings in QUALCOMM by 1.3% during the first quarter. Eaton Vance Management now owns 6,035,737 shares of the wireless technology company’s stock worth $334,441,000 after purchasing an additional 77,211 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in QUALCOMM by 37.5% during the fourth quarter. TIAA CREF Investment Management LLC now owns 5,584,128 shares of the wireless technology company’s stock worth $357,496,000 after purchasing an additional 1,523,325 shares during the last quarter. 77.42% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on QCOM. Cowen lifted their price objective on QUALCOMM from $58.00 to $64.00 and gave the stock a “market perform” rating in a report on Thursday, July 26th. BidaskClub raised QUALCOMM from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. ValuEngine cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Monday, April 23rd. Summit Insights raised QUALCOMM from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Finally, Stifel Nicolaus lifted their price objective on QUALCOMM from $54.00 to $58.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $66.80.



NASDAQ QCOM opened at $65.43 on Wednesday. QUALCOMM, Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $69.28. The firm has a market capitalization of $95.23 billion, a PE ratio of 17.31, a P/E/G ratio of 1.91 and a beta of 1.57. The company has a quick ratio of 2.62, a current ratio of 2.73 and a debt-to-equity ratio of 0.67.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 25th. The wireless technology company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.30. QUALCOMM had a positive return on equity of 19.06% and a negative net margin of 18.41%. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. research analysts predict that QUALCOMM, Inc. will post 3.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Stockholders of record on Wednesday, September 5th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Tuesday, September 4th. QUALCOMM’s dividend payout ratio is currently 65.61%.

QUALCOMM announced that its Board of Directors has approved a share buyback plan on Wednesday, May 9th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the wireless technology company to buy up to 12.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

In other news, EVP Alexander H. Rogers sold 789 shares of QUALCOMM stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $56.55, for a total value of $44,617.95. Following the completion of the sale, the executive vice president now owns 7,998 shares of the company’s stock, valued at $452,286.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alexander H. Rogers sold 828 shares of QUALCOMM stock in a transaction on Friday, July 27th. The shares were sold at an average price of $63.40, for a total value of $52,495.20. Following the completion of the sale, the executive vice president now directly owns 7,170 shares of the company’s stock, valued at approximately $454,578. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,669 shares of company stock valued at $159,760. Company insiders own 0.24% of the company’s stock.

QUALCOMM 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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