Jacobi Capital Management LLC increased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 10.8% during the first quarter, Holdings Channel reports. The institutional investor owned 2,567 shares of the wireless technology company’s stock after buying an additional 250 shares during the period. Jacobi Capital Management LLC’s holdings in QUALCOMM were worth $145,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of QCOM. Fisher Asset Management LLC boosted its stake in QUALCOMM by 3.6% in the first quarter. Fisher Asset Management LLC now owns 10,041,310 shares of the wireless technology company’s stock worth $575,769,000 after buying an additional 352,962 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in QUALCOMM by 9.0% in the first quarter. Artisan Partners Limited Partnership now owns 9,444,032 shares of the wireless technology company’s stock worth $541,521,000 after buying an additional 783,394 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in QUALCOMM by 3.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 6,895,262 shares of the wireless technology company’s stock worth $395,375,000 after buying an additional 205,103 shares in the last quarter. Schroder Investment Management Group boosted its stake in QUALCOMM by 30.8% in the first quarter. Schroder Investment Management Group now owns 6,562,412 shares of the wireless technology company’s stock worth $375,369,000 after buying an additional 1,544,792 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in QUALCOMM by 589.4% in the first quarter. Nordea Investment Management AB now owns 5,912,226 shares of the wireless technology company’s stock worth $339,007,000 after buying an additional 5,054,642 shares in the last quarter. Institutional investors own 76.59% of the company’s stock.

Shares of QUALCOMM Incorporated (NASDAQ QCOM) traded down 0.56% on Thursday, hitting $53.01. 1,185,015 shares of the stock were exchanged. QUALCOMM Incorporated has a 52-week low of $51.05 and a 52-week high of $71.62. The company has a market cap of $78.25 billion, a price-to-earnings ratio of 20.30 and a beta of 1.29. The company has a 50 day moving average of $54.24 and a 200 day moving average of $55.57.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.25 billion. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Equities research analysts forecast that QUALCOMM Incorporated will post $4.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 30th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Monday, August 28th. QUALCOMM’s dividend payout ratio (DPR) is presently 87.36%.

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A number of analysts have recently issued reports on QCOM shares. ValuEngine cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub cut shares of QUALCOMM from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Zacks Investment Research lowered shares of QUALCOMM from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Northland Securities lowered shares of QUALCOMM from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $75.00 to $62.50 in a research report on Wednesday, June 28th. Finally, Vetr raised shares of QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $62.13 price target on the stock in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.96.

In other news, President Derek K. Aberle sold 22,251 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $57.59, for a total transaction of $1,281,435.09. Following the completion of the sale, the president now owns 28,959 shares of the company’s stock, valued at $1,667,748.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Derek K. Aberle sold 23,104 shares of the stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $55.38, for a total value of $1,279,499.52. Following the sale, the president now directly owns 5,855 shares of the company’s stock, valued at approximately $324,249.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,101 shares of company stock valued at $2,955,612. Insiders own 0.17% of the company’s stock.

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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