QUALCOMM, Inc. (NASDAQ:QCOM) Stock Position Decreased by Rothschild Investment Corp IL

Rothschild Investment Corp IL cut its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 0.3% in the third quarter, Holdings Channel reports. The firm owned 70,225 shares of the wireless technology company’s stock after selling 180 shares during the period. Rothschild Investment Corp IL’s holdings in QUALCOMM were worth $5,357,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of QCOM. Vanguard Group Inc. raised its stake in shares of QUALCOMM by 2.4% in the 2nd 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 in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of QUALCOMM by 49.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 35,136,722 shares of the wireless technology company’s stock valued at $2,672,850,000 after acquiring an additional 11,686,131 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of QUALCOMM by 8.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 25,383,855 shares of the wireless technology company’s stock valued at $1,930,950,000 after acquiring an additional 2,035,743 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of QUALCOMM by 0.3% in the 2nd quarter. Primecap Management Co. CA now owns 24,716,715 shares of the wireless technology company’s stock valued at $1,880,201,000 after acquiring an additional 83,270 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of QUALCOMM by 1.9% in the 2nd quarter. Northern Trust Corp now owns 15,783,756 shares of the wireless technology company’s stock valued at $1,200,669,000 after acquiring an additional 301,087 shares in the last quarter. 78.45% of the stock is owned by institutional investors.

In other news, Director Mark D. Mclaughlin acquired 2,705 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were bought at an average price of $73.84 per share, with a total value of $199,737.20. Following the acquisition, the director now owns 5,220 shares of the company’s stock, valued at $385,444.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Erin L. Polek sold 1,478 shares of QUALCOMM stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $70.36, for a total value of $103,992.08. Following the sale, the senior vice president now directly owns 1,386 shares in the company, valued at approximately $97,518.96. The disclosure for this sale can be found here. Insiders have sold a total of 11,985 shares of company stock worth $892,245 in the last three months. 0.11% of the stock is owned by insiders.



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

Shares of NASDAQ:QCOM traded up $1.73 during trading on Friday, hitting $76.70. 7,280,798 shares of the stock were exchanged, compared to its average volume of 6,005,600. QUALCOMM, Inc. has a 1-year low of $49.10 and a 1-year high of $90.34. The company has a market capitalization of $88.56 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.73 and a beta of 1.59. The company’s fifty day simple moving average is $76.75 and its 200-day simple moving average is $73.56. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.61 and a current ratio of 1.77.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Wednesday, September 11th. QUALCOMM’s payout ratio is presently 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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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