QUALCOMM, Inc. (QCOM) Holdings Cut by Delaney Dennis R

Delaney Dennis R lessened its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 26.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,500 shares of the wireless technology company’s stock after selling 1,975 shares during the period. Delaney Dennis R’s holdings in QUALCOMM were worth $285,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Westwood Holdings Group Inc. bought a new stake in shares of QUALCOMM during the second quarter worth about $114,000. Krilogy Financial LLC grew its holdings in shares of QUALCOMM by 47.0% during the second quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock worth $129,000 after purchasing an additional 745 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of QUALCOMM during the second quarter worth about $141,000. Jacobi Capital Management LLC grew its holdings in shares of QUALCOMM by 7.8% during the second quarter. Jacobi Capital Management LLC now owns 2,767 shares of the wireless technology company’s stock worth $154,000 after purchasing an additional 200 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of QUALCOMM by 40.7% during the second quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock worth $160,000 after purchasing an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 76.53% of the company’s stock.

QUALCOMM, Inc. (NASDAQ:QCOM) opened at $64.73 on Monday. QUALCOMM, Inc. has a 12 month low of $48.92 and a 12 month high of $69.28. 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 stock has a market capitalization of $94,921.48, a P/E ratio of 39.23, a price-to-earnings-growth ratio of 1.83 and a beta of 1.39.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. The company’s revenue was down 3.5% compared to the same quarter last year. equities research analysts anticipate that QUALCOMM, Inc. will post 3.07 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.52%. The ex-dividend date was Tuesday, November 28th. QUALCOMM’s dividend payout ratio (DPR) is presently 138.18%.

In other QUALCOMM news, EVP Matthew S. Grob sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $60.44, for a total value of $1,208,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michelle M. Sterling sold 7,840 shares of the business’s stock in a transaction that occurred 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. Over the last three months, insiders sold 29,427 shares of company stock worth $1,827,995. Insiders own 0.17% of the company’s stock.

QCOM has been the topic of several research reports. Canaccord Genuity boosted their price target on QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, November 13th. Zacks Investment Research upgraded QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Royal Bank of Canada boosted their price target on QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. Vetr cut QUALCOMM from a “strong-buy” rating to a “hold” rating and set a $62.71 price target on the stock. in a report on Monday, November 6th. Finally, Stifel Nicolaus cut QUALCOMM from a “buy” rating to a “hold” rating and boosted their price target for the stock from $65.00 to $75.00 in a report on Tuesday, November 28th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have assigned a buy rating to the stock. QUALCOMM currently has a consensus rating of “Hold” and a consensus price target of $66.02.

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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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