GWM Advisors LLC boosted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 25.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,072 shares of the wireless technology company’s stock after buying an additional 4,254 shares during the period. GWM Advisors LLC’s holdings in QUALCOMM were worth $1,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QCOM. Fisher Asset Management LLC increased its position in shares of 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 valued at $575,769,000 after buying an additional 352,962 shares during the period. Nordea Investment Management AB increased its position in shares of 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 valued at $339,007,000 after buying an additional 5,054,642 shares during the period. Swiss National Bank increased its position in shares of QUALCOMM by 27.5% in the first quarter. Swiss National Bank now owns 5,233,165 shares of the wireless technology company’s stock valued at $300,070,000 after buying an additional 1,128,700 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of QUALCOMM by 0.7% in the first quarter. UBS Asset Management Americas Inc. now owns 4,508,344 shares of the wireless technology company’s stock valued at $258,508,000 after buying an additional 32,884 shares during the period. Finally, American Century Companies Inc. increased its position in shares of QUALCOMM by 25.5% in the first quarter. American Century Companies Inc. now owns 4,229,488 shares of the wireless technology company’s stock valued at $242,519,000 after buying an additional 858,845 shares during the period. Institutional investors and hedge funds own 77.07% of the company’s stock.

Shares of QUALCOMM Incorporated (QCOM) traded down 0.81% during mid-day trading on Tuesday, hitting $51.39. 1,255,407 shares of the company’s 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 capitalization of $75.86 billion, a price-to-earnings ratio of 19.68 and a beta of 1.29. The firm has a 50 day moving average price of $53.67 and a 200-day moving average price of $55.51.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Monday, August 28th. QUALCOMM’s dividend payout ratio is 87.36%.

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

In other news, EVP Michelle M. Sterling sold 4,740 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $51.88, for a total transaction of $245,911.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Derek K. Aberle sold 23,104 shares of the stock in a transaction on Monday, July 10th. The stock was 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 in the company, valued at $324,249.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,862 shares of company stock worth $2,848,964. 0.24% of the stock is currently owned by insiders.

About QUALCOMM

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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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