BTR Capital Management Inc. Has $8.71 Million Position in QUALCOMM, Inc. (QCOM)

BTR Capital Management Inc. cut its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 167,971 shares of the wireless technology company’s stock after selling 1,470 shares during the quarter. QUALCOMM makes up about 1.8% of BTR Capital Management Inc.’s holdings, making the stock its 23rd biggest position. BTR Capital Management Inc.’s holdings in QUALCOMM were worth $8,708,000 at the end of the most recent reporting period.

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

In other news, EVP Alexander H. Rogers sold 874 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $68.52, for a total value of $59,886.48. Following the completion of the sale, the executive vice president now owns 12,035 shares of the company’s stock, valued at approximately $824,638.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michelle M. Sterling sold 7,840 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total transaction of $521,830.40. The disclosure for this sale can be found here. Insiders sold a total of 29,070 shares of company stock valued at $1,809,634 in the last ninety days. 0.24% of the stock is owned by corporate insiders.

Several analysts have commented on QCOM shares. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 price objective on the stock in a research report on Monday, November 13th. Stifel Nicolaus reaffirmed a “buy” rating on shares of QUALCOMM in a research report on Thursday, October 12th. Canaccord Genuity lifted their price objective on shares of QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. Citigroup lifted their price objective on shares of QUALCOMM from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Finally, Standpoint Research lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. QUALCOMM presently has a consensus rating of “Hold” and an average target price of $66.02.

QUALCOMM, Inc. (QCOM) opened at $64.30 on Wednesday. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63. QUALCOMM, Inc. has a 12 month low of $48.92 and a 12 month high of $69.28. The company has a market cap of $95,422.71, a P/E ratio of 38.97, a price-to-earnings-growth ratio of 1.84 and a beta of 1.39.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, topping the Zacks’ 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 previous year, the company earned $1.28 EPS. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. sell-side analysts expect that QUALCOMM, Inc. will post 3.07 earnings per share for the current year.

The business 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. The ex-dividend date was Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a yield of 3.55%. QUALCOMM’s dividend payout ratio is presently 138.18%.

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QUALCOMM 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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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