Bluefin Trading LLC acquired a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,129 shares of the wireless technology company’s stock, valued at approximately $615,000.

Other institutional investors have also made changes to their positions in the company. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of QUALCOMM in the second quarter worth about $141,000. Jacobi Capital Management LLC lifted its position in shares of QUALCOMM by 10.8% in the first quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock worth $145,000 after buying an additional 250 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of QUALCOMM by 40.7% in the second quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock worth $160,000 after buying an additional 842 shares in the last quarter. FNY Partners Fund LP lifted its position in shares of QUALCOMM by 102.0% in the second quarter. FNY Partners Fund LP now owns 3,100 shares of the wireless technology company’s stock worth $171,000 after buying an additional 1,565 shares in the last quarter. Finally, American National Bank lifted its position in shares of QUALCOMM by 28.7% in the second quarter. American National Bank now owns 3,637 shares of the wireless technology company’s stock worth $201,000 after buying an additional 812 shares in the last quarter. Institutional investors and hedge funds own 76.66% of the company’s stock.

QUALCOMM Incorporated (QCOM) opened at $64.98 on Thursday. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $95,363.74, a P/E ratio of 17.11, a P/E/G ratio of 1.81 and a beta of 1.39. QUALCOMM Incorporated has a 52 week low of $48.92 and a 52 week high of $70.24.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 3.51%. QUALCOMM’s dividend payout ratio is currently 138.18%.

A number of equities research analysts recently commented on the company. J P Morgan Chase & Co reiterated an “overweight” rating on shares of QUALCOMM in a research report on Wednesday, September 6th. BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 target price on shares of QUALCOMM in a research report on Thursday, August 24th. UBS decreased their target price on QUALCOMM from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, November 6th. Mizuho reissued a “buy” rating on shares of QUALCOMM in a research note on Friday, October 27th. Finally, Wells Fargo & Company cut QUALCOMM from an “outperform” rating to a “market perform” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $66.02.

In other QUALCOMM news, EVP Alexander H. Rogers sold 874 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $68.52, for a total transaction of $59,886.48. Following the completion of the sale, the executive vice president now owns 12,035 shares in the company, valued at $824,638.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michelle M. Sterling sold 7,840 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total value of $521,830.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,427 shares of company stock valued at $1,827,995. 0.17% of the stock is owned by company insiders.

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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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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