DF Dent & Co. Inc. cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 385,029 shares of the wireless technology company’s stock after selling 12,986 shares during the quarter. DF Dent & Co. Inc.’s holdings in QUALCOMM were worth $21,261,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Ronald Blue & Co. LLC boosted its stake in QUALCOMM by 0.5% in 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 during the period. Hollencrest Securities LLC boosted its stake in QUALCOMM by 0.9% in 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 during the period. Farmers Trust Co. boosted its stake in QUALCOMM by 0.9% in 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 during the period. FCA Corp TX boosted its stake in QUALCOMM by 1.0% in the 2nd quarter. FCA Corp TX now owns 4,866 shares of the wireless technology company’s stock worth $269,000 after purchasing an additional 49 shares during the period. Finally, Meridian Investment Counsel Inc. boosted its stake in QUALCOMM by 0.3% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 18,293 shares of the wireless technology company’s stock worth $1,010,000 after purchasing an additional 50 shares during the period. Institutional investors own 76.66% of the company’s stock.

In other news, EVP Alexander H. Rogers sold 874 shares of the 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 transaction, the executive vice president now owns 12,035 shares of the company’s stock, valued at approximately $824,638.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michelle M. Sterling sold 7,840 shares of the 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. Insiders have sold a total of 29,427 shares of company stock worth $1,827,995 in the last three months. Corporate insiders own 0.17% of the company’s stock.

Several research analysts have weighed in on QCOM shares. Canaccord Genuity upped their price target on QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. Zacks Investment Research raised QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada upped their price objective on QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Vetr cut QUALCOMM from a “strong-buy” rating to a “hold” rating and set a $62.71 price objective on the stock. in a report on Monday, November 6th. Finally, Stifel Nicolaus cut QUALCOMM from a “buy” rating to a “hold” rating and upped their price objective for the stock from $65.00 to $75.00 in a report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twelve have given a buy rating to the stock. QUALCOMM presently has an average rating of “Hold” and an average target price of $66.02.

QUALCOMM Incorporated (NASDAQ:QCOM) opened at $65.23 on Friday. The company has a market capitalization of $95,791.25, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81. QUALCOMM Incorporated has a 12-month low of $48.92 and a 12-month high of $70.24.

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

The company also recently declared 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 3.50%. The ex-dividend date is Tuesday, November 28th. QUALCOMM’s payout ratio is 138.18%.

TRADEMARK VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/12/08/df-dent-co-inc-sells-12986-shares-of-qualcomm-incorporated-qcom.html.

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)

Receive News & Stock Ratings for QUALCOMM Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM Incorporated and related stocks with our FREE daily email newsletter.