Lingohr & Partner Asset Management GmbH continued to hold its stake in QUALCOMM Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,200 shares of the wireless technology company’s stock at the end of the 2nd quarter. Lingohr & Partner Asset Management GmbH’s holdings in QUALCOMM were worth $1,388,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Ronald Blue & Co. LLC increased its position in shares of 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 purchasing an additional 18 shares in the last quarter. Hollencrest Securities LLC increased its position in shares of QUALCOMM by 0.9% during the 2nd quarter. Hollencrest Securities LLC now owns 4,356 shares of the wireless technology company’s stock worth $241,000 after purchasing an additional 40 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of QUALCOMM by 0.4% during the 2nd quarter. North Star Investment Management Corp. now owns 9,459 shares of the wireless technology company’s stock worth $522,000 after purchasing an additional 42 shares in the last quarter. FCA Corp TX increased its position in shares of QUALCOMM by 0.9% during the 1st quarter. FCA Corp TX now owns 4,817 shares of the wireless technology company’s stock worth $276,000 after purchasing an additional 43 shares in the last quarter. Finally, Farmers Trust Co. increased its position in shares of QUALCOMM by 0.9% during the 2nd quarter. Farmers Trust Co. now owns 5,214 shares of the wireless technology company’s stock worth $288,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

In related 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 SEC, which is available through this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $60.44, for a total transaction of $1,208,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,837 shares of company stock worth $1,512,049. 0.17% of the stock is owned by corporate insiders.

Shares of QUALCOMM Incorporated (NASDAQ QCOM) opened at $66.72 on Friday. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63. QUALCOMM Incorporated has a fifty-two week low of $48.92 and a fifty-two week high of $70.24. The stock has a market cap of $98,356.30, a P/E ratio of 17.65, a PEG ratio of 1.87 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.22. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 earnings per share. sell-side analysts predict that QUALCOMM Incorporated will post 3.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be issued a dividend of $0.57 per share. The ex-dividend date is Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a yield of 3.42%. QUALCOMM’s payout ratio is 138.18%.

A number of brokerages have commented on QCOM. Canaccord Genuity increased their price objective on shares of QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, November 13th. ValuEngine lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub lowered shares of QUALCOMM from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Royal Bank Of Canada increased their price objective on shares of QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $65.42.

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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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