Louisiana State Employees Retirement System decreased its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 89,200 shares of the wireless technology company’s stock after selling 3,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in QUALCOMM were worth $5,711,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in QUALCOMM by 1.5% during the second quarter. Vanguard Group Inc. now owns 103,484,572 shares of the wireless technology company’s stock worth $5,714,418,000 after purchasing an additional 1,537,645 shares during the last quarter. FMR LLC increased its position in QUALCOMM by 16.5% during the second quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock worth $4,446,786,000 after purchasing an additional 11,387,347 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in QUALCOMM by 2.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 25,674,098 shares of the wireless technology company’s stock worth $1,330,946,000 after purchasing an additional 498,324 shares during the last quarter. Capital International Investors increased its position in shares of QUALCOMM by 41.8% in the third quarter. Capital International Investors now owns 21,455,439 shares of the wireless technology company’s stock worth $1,112,250,000 after acquiring an additional 6,322,645 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of QUALCOMM by 2.6% in the second quarter. Northern Trust Corp now owns 19,519,161 shares of the wireless technology company’s stock worth $1,077,848,000 after acquiring an additional 499,531 shares in the last quarter. 75.68% of the stock is owned by hedge funds and other institutional investors.

In other QUALCOMM news, EVP Alexander H. Rogers sold 713 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $68.20, for a total transaction of $48,626.60. Following the transaction, the executive vice president now directly owns 10,403 shares in the company, valued at approximately $709,484.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alexander H. Rogers sold 919 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $64.32, for a total transaction of $59,110.08. Following the transaction, the executive vice president now owns 11,116 shares in the company, valued at $714,981.12. The disclosure for this sale can be found here. Insiders sold 53,346 shares of company stock valued at $3,499,504 over the last 90 days. Insiders own 0.24% of the company’s stock.

QUALCOMM, Inc. (NASDAQ QCOM) opened at $65.70 on Wednesday. The firm has a market cap of $97,260.00, a price-to-earnings ratio of -23.22, a PEG ratio of 1.99 and a beta of 1.38. The company has a quick ratio of 3.25, a current ratio of 3.41 and a debt-to-equity ratio of 0.81. QUALCOMM, Inc. has a 52 week low of $48.92 and a 52 week high of $69.28.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.07. The business had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $5.93 billion. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 earnings per share. analysts anticipate that QUALCOMM, Inc. will post 2.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be paid a $0.57 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 annualized dividend and a dividend yield of 3.47%. QUALCOMM’s dividend payout ratio (DPR) is presently -80.57%.

Several equities research analysts have recently issued reports on QCOM shares. Zacks Investment Research raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Tuesday, October 17th. Mizuho reissued a “buy” rating on shares of QUALCOMM in a research report on Friday, October 27th. BMO Capital Markets increased their price objective on shares of QUALCOMM from $55.00 to $57.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. Canaccord Genuity increased their price objective on shares of QUALCOMM from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, Sanford C. Bernstein increased their price objective on shares of QUALCOMM from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. QUALCOMM has a consensus rating of “Hold” and an average target price of $68.25.

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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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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