NBT Bank N A NY lowered its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,226 shares of the wireless technology company’s stock after selling 2,520 shares during the period. NBT Bank N A NY’s holdings in QUALCOMM were worth $3,381,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of QCOM. Cambridge Investment Research Advisors Inc. grew its position in QUALCOMM by 7.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 94,520 shares of the wireless technology company’s stock valued at $4,900,000 after acquiring an additional 6,295 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in QUALCOMM by 0.7% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,403,636 shares of the wireless technology company’s stock valued at $228,284,000 after acquiring an additional 29,385 shares during the last quarter. Kwmg LLC grew its position in QUALCOMM by 7.6% in the third quarter. Kwmg LLC now owns 30,225 shares of the wireless technology company’s stock valued at $1,567,000 after acquiring an additional 2,135 shares during the last quarter. Noesis Capital Mangement Corp grew its position in QUALCOMM by 2.6% in the third quarter. Noesis Capital Mangement Corp now owns 108,320 shares of the wireless technology company’s stock valued at $5,615,000 after acquiring an additional 2,734 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in QUALCOMM by 2.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 354,661 shares of the wireless technology company’s stock valued at $18,386,000 after acquiring an additional 7,949 shares during the last quarter. Institutional investors own 76.20% of the company’s stock.

QUALCOMM, Inc. (QCOM) opened at $65.38 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. The company has a market capitalization of $96,380.00, a P/E ratio of 39.62, a P/E/G ratio of 1.86 and a beta of 1.39. QUALCOMM, Inc. has a 12 month low of $48.92 and a 12 month high of $69.28.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.22. The company had revenue of $5.96 billion for 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%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. analysts predict that QUALCOMM, Inc. will post 3.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.49%. QUALCOMM’s dividend payout ratio is currently 138.18%.

QCOM has been the topic of a number of recent analyst reports. Zacks Investment Research cut QUALCOMM from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Stifel Nicolaus reiterated a “buy” rating on shares of QUALCOMM in a research report on Thursday, October 12th. Mizuho reiterated a “buy” rating on shares of QUALCOMM in a research report on Friday, October 27th. BMO Capital Markets lifted their target price on QUALCOMM from $55.00 to $57.00 and gave the company a “market perform” rating in a research report on Thursday, November 2nd. Finally, Canaccord Genuity lifted their target price on QUALCOMM from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $66.06.

In related news, EVP Michelle M. Sterling sold 7,840 shares of QUALCOMM stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total value of $521,830.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Matthew S. Grob sold 43,000 shares of QUALCOMM stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $65.35, for a total value of $2,810,050.00. Following the completion of the transaction, the executive vice president now directly owns 43,000 shares in the company, valued at $2,810,050. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,989 shares of company stock worth $4,678,794. 0.17% of the stock is owned by 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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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