Iowa State Bank boosted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,378 shares of the wireless technology company’s stock after acquiring an additional 141 shares during the period. QUALCOMM accounts for 1.6% of Iowa State Bank’s portfolio, making the stock its 28th largest position. Iowa State Bank’s holdings in QUALCOMM were worth $3,389,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp boosted its holdings in QUALCOMM by 47.4% during the first quarter. Stifel Financial Corp now owns 2,932,964 shares of the wireless technology company’s stock worth $168,002,000 after buying an additional 943,026 shares during the last quarter. Private Asset Management Inc. boosted its holdings in QUALCOMM by 0.5% during the second quarter. Private Asset Management Inc. now owns 736,973 shares of the wireless technology company’s stock worth $40,696,000 after buying an additional 4,028 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in QUALCOMM by 18.1% during the first quarter. Pacer Advisors Inc. now owns 67,369 shares of the wireless technology company’s stock worth $3,863,000 after buying an additional 10,336 shares during the last quarter. First Foundation Advisors boosted its holdings in QUALCOMM by 0.6% during the first quarter. First Foundation Advisors now owns 269,214 shares of the wireless technology company’s stock worth $15,437,000 after buying an additional 1,503 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in QUALCOMM by 27.5% during the first quarter. Swiss National Bank now owns 5,233,165 shares of the wireless technology company’s stock worth $300,070,000 after buying an additional 1,128,700 shares during the last quarter. Institutional investors and hedge funds own 76.96% of the company’s stock.

A number of equities research analysts have recently commented on QCOM shares. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of QUALCOMM in a research report on Wednesday, September 6th. BidaskClub raised QUALCOMM from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 16th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $60.00 price target on shares of QUALCOMM in a research report on Friday, June 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a $55.00 price target on shares of QUALCOMM in a research report on Thursday, August 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $65.00 price target on shares of QUALCOMM in a research report on Thursday, July 13th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $63.96.

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Shares of QUALCOMM Incorporated (NASDAQ:QCOM) traded up 0.4745% on Thursday, reaching $51.7946. The company’s stock had a trading volume of 2,422,287 shares. The company’s 50 day moving average price is $52.06 and its 200 day moving average price is $54.99. QUALCOMM Incorporated has a 12-month low of $48.92 and a 12-month high of $71.62. The company has a market cap of $76.45 billion, a P/E ratio of 19.8371 and a beta of 1.29.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The business had revenue of $5.37 billion for 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 revenue was down 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 EPS. Analysts forecast that QUALCOMM Incorporated will post $4.16 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th were given a dividend of $0.57 per share. The ex-dividend date was Monday, August 28th. This represents a $2.28 annualized dividend and a yield of 4.42%. QUALCOMM’s payout ratio is 87.36%.

In other news, President Derek K. Aberle sold 23,104 shares of the business’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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michelle M. Sterling sold 4,740 shares of the business’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 value of $245,911.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,557 shares of company stock worth $1,562,735. 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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