Sentry Investment Management LLC raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 116,708 shares of the wireless technology company’s stock after buying an additional 1,125 shares during the quarter. Sentry Investment Management LLC’s holdings in QUALCOMM were worth $6,445,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC raised its stake in shares of QUALCOMM by 76.1% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 298,573 shares of the wireless technology company’s stock valued at $17,120,000 after purchasing an additional 128,983 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of QUALCOMM by 11.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 85,014 shares of the wireless technology company’s stock valued at $4,874,000 after purchasing an additional 8,728 shares in the last quarter. Marietta Wealth Management LLC raised its stake in shares of QUALCOMM by 23.3% during the first quarter. Marietta Wealth Management LLC now owns 47,995 shares of the wireless technology company’s stock valued at $2,752,000 after purchasing an additional 9,059 shares in the last quarter. Tiedemann Wealth Management LLC raised its stake in shares of QUALCOMM by 57.4% during the first quarter. Tiedemann Wealth Management LLC now owns 82,787 shares of the wireless technology company’s stock valued at $4,747,000 after purchasing an additional 30,198 shares in the last quarter. Finally, First National Trust Co. raised its stake in shares of QUALCOMM by 32.7% during the first quarter. First National Trust Co. now owns 92,756 shares of the wireless technology company’s stock valued at $5,319,000 after purchasing an additional 22,845 shares in the last quarter. Institutional investors own 76.66% of the company’s stock.

A number of equities research analysts recently weighed in on QCOM shares. Vetr upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 price objective on the stock in a research note on Monday, November 13th. Stifel Nicolaus restated a “buy” rating on shares of QUALCOMM in a research note on Thursday, October 12th. Canaccord Genuity lifted their price objective on shares of QUALCOMM from $76.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, November 13th. Citigroup lifted their price objective on shares of QUALCOMM from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Standpoint Research cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $66.02.

QUALCOMM Incorporated (NASDAQ QCOM) opened at $64.90 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00. QUALCOMM Incorporated has a 12 month low of $48.92 and a 12 month high of $69.28. The firm has a market capitalization of $95,614.34, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.84 and a beta of 1.39.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $2.28 annualized dividend and a yield of 3.51%. QUALCOMM’s dividend payout ratio (DPR) is presently 138.18%.

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

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About QUALCOMM

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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