QUALCOMM, Inc. (QCOM) Shares Sold by BTIM Corp.

BTIM Corp. lowered its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,435 shares of the wireless technology company’s stock after selling 525 shares during the quarter. BTIM Corp.’s holdings in QUALCOMM were worth $1,165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Macnealy Hoover Investment Management Inc. grew its holdings in shares of QUALCOMM by 6.5% during the 1st quarter. Macnealy Hoover Investment Management Inc. now owns 20,072 shares of the wireless technology company’s stock worth $1,145,000 after purchasing an additional 1,221 shares during the period. American Research & Management Co. grew its holdings in shares of QUALCOMM by 21.0% during the 1st quarter. American Research & Management Co. now owns 2,884 shares of the wireless technology company’s stock worth $164,000 after purchasing an additional 500 shares during the period. Jolley Asset Management LLC grew its holdings in shares of QUALCOMM by 5.0% during the 1st quarter. Jolley Asset Management LLC now owns 79,766 shares of the wireless technology company’s stock worth $4,549,000 after purchasing an additional 3,812 shares during the period. KMG Fiduciary Partners LLC grew its holdings in shares of QUALCOMM by 21.9% during the 1st quarter. KMG Fiduciary Partners LLC now owns 46,375 shares of the wireless technology company’s stock worth $2,645,000 after purchasing an additional 8,323 shares during the period. Finally, RPG Investment Advisory LLC boosted its holdings in QUALCOMM by 19.1% in the 1st quarter. RPG Investment Advisory LLC now owns 99,119 shares of the wireless technology company’s stock worth $5,653,000 after acquiring an additional 15,879 shares during the period. 83.70% of the stock is owned by institutional investors.

QCOM has been the subject of a number of analyst reports. Barclays restated a “buy” rating and issued a $70.00 price target on shares of QUALCOMM in a report on Friday, January 18th. Raymond James set a $65.00 price target on QUALCOMM and gave the stock a “buy” rating in a report on Saturday, February 2nd. BMO Capital Markets restated a “market perform” rating on shares of QUALCOMM in a report on Thursday, January 31st. Mizuho restated a “buy” rating and issued a $82.00 price target (up previously from $62.00) on shares of QUALCOMM in a report on Wednesday. Finally, BidaskClub upgraded QUALCOMM from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. QUALCOMM has an average rating of “Buy” and an average target price of $76.32.

QUALCOMM stock opened at $79.89 on Friday. The company has a market cap of $96.69 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.22. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.54 and a quick ratio of 1.38. QUALCOMM, Inc. has a 52 week low of $48.56 and a 52 week high of $82.52.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.11. The company had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.89 billion. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The business’s revenue was down 21.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. As a group, analysts forecast that QUALCOMM, Inc. will post 3.21 earnings per share for the current year.

In other news, EVP James H. Thompson sold 40,000 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $50.75, for a total transaction of $2,030,000.00. Following the completion of the transaction, the executive vice president now directly owns 62,301 shares in the company, valued at approximately $3,161,775.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Cristiano R. Amon sold 13,466 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $60.00, for a total value of $807,960.00. Following the transaction, the president now owns 37,614 shares of the company’s stock, valued at $2,256,840. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

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QUALCOMM Company Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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