NEXT Financial Group Inc cut its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 65.1% in the 4th quarter, Holdings Channel reports. The fund owned 5,017 shares of the wireless technology company’s stock after selling 9,340 shares during the quarter. NEXT Financial Group Inc’s holdings in QUALCOMM were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FCA Corp TX raised its stake in QUALCOMM by 1.0% during the 2nd quarter. FCA Corp TX now owns 4,866 shares of the wireless technology company’s stock valued at $269,000 after acquiring an additional 49 shares during the last quarter. Meridian Investment Counsel Inc. raised its stake in QUALCOMM by 0.3% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 18,293 shares of the wireless technology company’s stock valued at $1,010,000 after acquiring an additional 50 shares during the last quarter. Valueworks LLC raised its stake in QUALCOMM by 0.3% during the 2nd quarter. Valueworks LLC now owns 14,976 shares of the wireless technology company’s stock valued at $827,000 after acquiring an additional 50 shares during the last quarter. Birch Hill Investment Advisors LLC raised its stake in QUALCOMM by 1.4% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 3,651 shares of the wireless technology company’s stock valued at $202,000 after acquiring an additional 51 shares during the last quarter. Finally, Logan Capital Management Inc. raised its stake in QUALCOMM by 0.6% during the 2nd quarter. Logan Capital Management Inc. now owns 11,095 shares of the wireless technology company’s stock valued at $613,000 after acquiring an additional 64 shares during the last quarter. 75.68% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on QCOM shares. Vetr raised QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 price objective for the company in a research note on Monday, November 13th. Canaccord Genuity upped their price objective on QUALCOMM from $76.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, November 13th. Citigroup increased their target price on QUALCOMM from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Standpoint Research downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Finally, UBS Group cut their target price on QUALCOMM from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. QUALCOMM has a consensus rating of “Hold” and a consensus target price of $68.25.

Shares of QUALCOMM, Inc. (NASDAQ QCOM) opened at $66.59 on Thursday. The firm has a market capitalization of $98,580.00, a P/E ratio of -23.53, a P/E/G ratio of 2.04 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 fifty-two week low of $48.92 and a fifty-two week high of $69.28.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s dividend payout ratio is currently -80.57%.

In other QUALCOMM news, EVP Matthew S. Grob sold 43,000 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $65.35, for a total transaction of $2,810,050.00. Following the sale, the executive vice president now owns 43,000 shares in the company, valued at approximately $2,810,050. The sale was disclosed in a legal filing with the SEC, 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 shares were 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 sold 53,346 shares of company stock worth $3,499,504. Insiders own 0.24% 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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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