Winslow Evans & Crocker Inc. Reduces Holdings in QUALCOMM, Inc. (QCOM)

Winslow Evans & Crocker Inc. decreased its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,720 shares of the wireless technology company’s stock after selling 542 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in QUALCOMM were worth $500,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of QCOM. Atlas Brown Inc. boosted its stake in shares of QUALCOMM by 3.5% during the first quarter. Atlas Brown Inc. now owns 5,305 shares of the wireless technology company’s stock worth $303,000 after buying an additional 179 shares during the period. Boenning & Scattergood Inc. boosted its stake in shares of QUALCOMM by 3.1% during the fourth quarter. Boenning & Scattergood Inc. now owns 6,537 shares of the wireless technology company’s stock worth $372,000 after buying an additional 197 shares during the period. Evanson Asset Management LLC boosted its stake in shares of QUALCOMM by 4.9% during the fourth quarter. Evanson Asset Management LLC now owns 4,231 shares of the wireless technology company’s stock worth $241,000 after buying an additional 199 shares during the period. Highland Capital Management LLC boosted its stake in shares of QUALCOMM by 0.4% during the fourth quarter. Highland Capital Management LLC now owns 53,274 shares of the wireless technology company’s stock worth $3,032,000 after buying an additional 200 shares during the period. Finally, Unison Advisors LLC boosted its stake in shares of QUALCOMM by 1.1% during the first quarter. Unison Advisors LLC now owns 19,346 shares of the wireless technology company’s stock worth $1,103,000 after buying an additional 209 shares during the period. 83.70% of the stock is currently owned by institutional investors.

Shares of QCOM opened at $81.97 on Tuesday. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.54 and a quick ratio of 1.38. QUALCOMM, Inc. has a 1-year low of $48.56 and a 1-year high of $82.52. The company has a market cap of $96.69 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22.



QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.11. QUALCOMM had a net margin of 10.03% and a return on equity of 36.66%. The business had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the company posted $0.98 EPS. The company’s revenue was down 21.3% on a year-over-year basis. As a group, sell-side analysts expect that QUALCOMM, Inc. will post 3.14 earnings per share for the current fiscal year.

In other news, EVP James H. Thompson sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $50.75, for a total transaction of $2,030,000.00. Following the completion of the transaction, the executive vice president now directly owns 62,301 shares of the company’s stock, valued at approximately $3,161,775.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Cristiano R. Amon sold 13,466 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $60.00, for a total transaction of $807,960.00. Following the transaction, the president now directly owns 37,614 shares of the company’s stock, valued at $2,256,840. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.

Several equities research analysts have recently weighed in on QCOM shares. BidaskClub downgraded shares of QUALCOMM from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 29th. Barclays reiterated a “buy” rating and set a $70.00 target price on shares of QUALCOMM in a research note on Friday, January 18th. Mizuho reduced their price objective on shares of QUALCOMM from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, January 31st. UBS Group restated a “neutral” rating and issued a $55.00 price objective (down previously from $64.00) on shares of QUALCOMM in a research report on Thursday, January 31st. Finally, ValuEngine downgraded shares of QUALCOMM from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Eight investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $76.32.

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About QUALCOMM

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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