National Asset Management Inc. Decreases Holdings in QUALCOMM Incorporated (QCOM)

National Asset Management Inc. reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 28.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,494 shares of the wireless technology company’s stock after selling 1,773 shares during the period. National Asset Management Inc.’s holdings in QUALCOMM were worth $249,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of QUALCOMM by 1.5% in the second quarter. Vanguard Group Inc. now owns 103,484,572 shares of the wireless technology company’s stock valued at $5,714,418,000 after purchasing an additional 1,537,645 shares during the last quarter. FMR LLC increased its holdings in shares of QUALCOMM by 16.5% in the second quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock valued at $4,446,786,000 after purchasing an additional 11,387,347 shares during the last quarter. Northern Trust Corp increased its holdings 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 valued at $1,077,848,000 after purchasing an additional 499,531 shares during the last quarter. Capital International Investors increased its holdings in shares of QUALCOMM by 59.9% in the second quarter. Capital International Investors now owns 15,132,794 shares of the wireless technology company’s stock valued at $835,633,000 after purchasing an additional 5,671,176 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in shares of QUALCOMM by 3.1% in the second quarter. Artisan Partners Limited Partnership now owns 9,732,445 shares of the wireless technology company’s stock valued at $537,426,000 after purchasing an additional 288,413 shares during the last quarter. Hedge funds and other institutional investors own 76.66% of the company’s stock.

Shares of QUALCOMM Incorporated (NASDAQ QCOM) opened at $64.24 on Monday. QUALCOMM Incorporated has a 52-week low of $48.92 and a 52-week high of $70.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00. The firm has a market cap of $94,700.00, a PE ratio of 16.99, a P/E/G ratio of 1.82 and a beta of 1.39.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be given 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 3.55%. QUALCOMM’s dividend payout ratio is 138.18%.

Several research firms have commented on QCOM. J P Morgan Chase & Co reiterated an “overweight” rating on shares of QUALCOMM in a report on Wednesday, September 6th. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 target price on shares of QUALCOMM in a research report on Thursday, August 24th. UBS reduced their target price on shares of QUALCOMM from $58.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, November 6th. Mizuho reissued a “buy” rating on shares of QUALCOMM in a research report on Friday, October 27th. Finally, Wells Fargo & Company cut shares of QUALCOMM from an “outperform” rating to a “market perform” rating in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $66.02.

In other QUALCOMM news, EVP Alexander H. Rogers sold 874 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $68.52, for a total transaction of $59,886.48. Following the completion of the transaction, the executive vice president now owns 12,035 shares of the company’s stock, valued at $824,638.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $60.44, for a total value of $1,208,800.00. The disclosure for this sale can be found here. Insiders have sold 29,427 shares of company stock valued at $1,827,995 in the last ninety days. 0.17% of the stock is currently owned by company insiders.

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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)

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