Mawer Investment Management Ltd. decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 51.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 188,776 shares of the wireless technology company’s stock after selling 197,410 shares during the period. Mawer Investment Management Ltd.’s holdings in QUALCOMM were worth $10,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Seizert Capital Partners LLC boosted its stake in QUALCOMM by 4.0% in the first quarter. Seizert Capital Partners LLC now owns 701,890 shares of the wireless technology company’s stock valued at $40,246,000 after buying an additional 27,222 shares in the last quarter. Mayo Investment Advisers LLC bought a new stake in QUALCOMM during the first quarter valued at about $5,335,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in QUALCOMM during the first quarter valued at about $8,480,000. GWM Advisors LLC boosted its stake in QUALCOMM by 25.3% in the first quarter. GWM Advisors LLC now owns 21,072 shares of the wireless technology company’s stock valued at $1,188,000 after buying an additional 4,254 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its stake in QUALCOMM by 3.0% in the first quarter. Aberdeen Asset Management PLC UK now owns 955,342 shares of the wireless technology company’s stock valued at $54,779,000 after buying an additional 28,141 shares in the last quarter. 77.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of QUALCOMM Incorporated (NASDAQ QCOM) traded up 0.71% during midday trading on Thursday, reaching $52.49. 2,143,735 shares of the company’s stock were exchanged. The company has a market capitalization of $77.48 billion, a PE ratio of 20.10 and a beta of 1.29. The firm has a 50-day moving average of $53.67 and a 200-day moving average of $55.51. QUALCOMM Incorporated has a 1-year low of $51.05 and a 1-year high of $71.62.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Equities analysts expect that QUALCOMM Incorporated will post $4.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 30th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, August 28th. This represents a $2.28 annualized dividend and a dividend yield of 4.37%. QUALCOMM’s payout ratio is 87.36%.

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Several research firms recently issued reports on QCOM. BMO Capital Markets reaffirmed a “market perform” rating and issued a $55.00 price target on shares of QUALCOMM in a report on Thursday, August 24th. Zacks Investment Research raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of QUALCOMM in a report on Monday, July 31st. ValuEngine cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of QUALCOMM in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $63.96.

In related news, EVP Michelle M. Sterling sold 4,740 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Derek K. Aberle sold 23,104 shares of the firm’s stock in a transaction that occurred 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 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 sold 28,995 shares of company stock valued at $1,587,390. 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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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