British Airways Pensions Investment Management Ltd maintained its position in QUALCOMM Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 231,120 shares of the wireless technology company’s stock at the close of the 2nd quarter. British Airways Pensions Investment Management Ltd’s holdings in QUALCOMM were worth $12,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of QCOM. Baupost Group LLC MA bought a new stake in shares of QUALCOMM during the first quarter worth $299,085,000. Nordea Investment Management AB grew its stake in shares of QUALCOMM by 589.4% during 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 during the last quarter. Schroder Investment Management Group grew its stake in shares of QUALCOMM by 30.8% during 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 during the last quarter. Pictet Asset Management Ltd. grew its stake in shares of QUALCOMM by 73.7% during the first quarter. Pictet Asset Management Ltd. now owns 3,152,908 shares of the wireless technology company’s stock worth $180,788,000 after buying an additional 1,337,883 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of QUALCOMM by 57.5% during the second quarter. Russell Investments Group Ltd. now owns 3,432,959 shares of the wireless technology company’s stock worth $189,570,000 after buying an additional 1,252,781 shares during the last quarter. 76.97% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Incorporated (NASDAQ QCOM) opened at 52.49 on Friday. The company has a market capitalization of $77.48 billion, a P/E ratio of 20.10 and a beta of 1.28. The stock’s 50 day moving average is $51.68 and its 200-day moving average is $54.47. QUALCOMM Incorporated has a 52-week low of $48.92 and a 52-week high of $71.62.

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 the consensus estimate of $0.81 by $0.02. QUALCOMM had a net margin of 17.26% and a return on equity of 19.64%. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. Analysts predict that QUALCOMM Incorporated will post $4.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Wednesday, August 30th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, August 28th. This represents a $2.28 annualized dividend and a dividend yield of 4.34%. QUALCOMM’s payout ratio is 87.36%.

In related news, President Derek K. Aberle sold 23,104 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $55.38, for a total transaction of $1,279,499.52. Following the completion of the sale, the president now directly owns 5,855 shares in the company, valued at $324,249.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michelle M. Sterling sold 4,740 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $51.88, for a total transaction of $245,911.20. The disclosure for this sale can be found here. Insiders have sold 28,914 shares of company stock valued at $1,581,095 over the last three months. 0.17% of the stock is owned by corporate insiders.

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A number of analysts have weighed in on the stock. ValuEngine cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Deutsche Bank AG started coverage on shares of QUALCOMM in a research note on Monday, June 19th. They issued a “hold” rating and a $62.00 price objective on the stock. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $67.00 price objective (up previously from $61.00) on shares of QUALCOMM in a research note on Sunday, June 18th. BidaskClub raised shares of QUALCOMM from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Sanford C. Bernstein reissued a “hold” rating on shares of QUALCOMM in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. QUALCOMM currently has an average rating of “Hold” and an average price target of $63.60.

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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