Fiduciary Financial Services of The Southwest Inc. TX lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 6.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,440 shares of the wireless technology company’s stock after selling 800 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in QUALCOMM were worth $687,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Jacobi Capital Management LLC grew its position in QUALCOMM by 10.8% during the 1st quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock worth $145,000 after acquiring an additional 250 shares during the last quarter. Alpha Windward LLC grew its position in QUALCOMM by 6.1% during the 2nd quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock worth $148,000 after acquiring an additional 153 shares during the last quarter. Welch Group LLC grew its position in QUALCOMM by 2.3% during the 1st quarter. Welch Group LLC now owns 3,037 shares of the wireless technology company’s stock worth $174,000 after acquiring an additional 69 shares during the last quarter. American National Bank grew its position in QUALCOMM by 28.7% during the 2nd quarter. American National Bank now owns 3,637 shares of the wireless technology company’s stock worth $201,000 after acquiring an additional 812 shares during the last quarter. Finally, Ronald Blue & Co. LLC grew its position in QUALCOMM by 0.5% during the 2nd quarter. Ronald Blue & Co. LLC now owns 3,760 shares of the wireless technology company’s stock worth $208,000 after acquiring an additional 18 shares during the last quarter. Institutional investors and hedge funds own 76.92% of the company’s stock.

In other news, EVP Michelle M. Sterling sold 4,740 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $51.88, for a total transaction of $245,911.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 5,810 shares of company stock valued at $301,596. Insiders own 0.17% of the company’s stock.

A number of brokerages recently weighed in on QCOM. J P Morgan Chase & Co restated an “overweight” rating on shares of QUALCOMM in a research report on Wednesday, September 6th. BidaskClub upgraded QUALCOMM from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 16th. Sanford C. Bernstein restated a “market perform” rating and set a $60.00 price objective on shares of QUALCOMM in a research report on Friday, June 30th. BMO Capital Markets restated a “market perform” rating and set a $55.00 price objective on shares of QUALCOMM in a research report on Thursday, August 24th. Finally, Stifel Nicolaus restated a “buy” rating and set a $65.00 price objective on shares of QUALCOMM in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $64.00.

Shares of QUALCOMM Incorporated (NASDAQ QCOM) opened at 52.82 on Friday. The firm’s 50 day moving average price is $51.84 and its 200 day moving average price is $54.33. The stock has a market cap of $77.97 billion, a P/E ratio of 20.23 and a beta of 1.28. QUALCOMM Incorporated has a 52-week low of $48.92 and a 52-week high of $71.62.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $5.25 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. On average, analysts expect that QUALCOMM Incorporated will post $4.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Tuesday, November 28th. QUALCOMM’s payout ratio is 87.36%.

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QUALCOMM 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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