QUALCOMM, Inc. (QCOM) Position Reduced by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. reduced its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 49.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,000 shares of the wireless technology company’s stock after selling 50,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in QUALCOMM were worth $2,696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkshire Asset Management LLC PA boosted its holdings in shares of QUALCOMM by 1.7% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 200,991 shares of the wireless technology company’s stock worth $10,419,000 after purchasing an additional 3,292 shares in the last quarter. Boston Financial Mangement LLC boosted its holdings in shares of QUALCOMM by 43.8% in the 3rd quarter. Boston Financial Mangement LLC now owns 257,272 shares of the wireless technology company’s stock worth $13,337,000 after purchasing an additional 78,363 shares in the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of QUALCOMM by 1.3% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 714,775 shares of the wireless technology company’s stock worth $37,054,000 after purchasing an additional 9,482 shares in the last quarter. FineMark National Bank & Trust boosted its holdings in shares of QUALCOMM by 1.8% in the 3rd quarter. FineMark National Bank & Trust now owns 86,344 shares of the wireless technology company’s stock worth $4,476,000 after purchasing an additional 1,503 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of QUALCOMM by 39.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,978,705 shares of the wireless technology company’s stock worth $154,416,000 after purchasing an additional 849,300 shares in the last quarter. Hedge funds and other institutional investors own 76.53% of the company’s stock.

In other news, EVP Alexander H. Rogers sold 874 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $68.52, for a total value 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 approximately $824,638.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alexander H. Rogers sold 919 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $64.32, for a total value of $59,110.08. Following the completion of the transaction, the executive vice president now directly owns 11,116 shares of the company’s stock, valued at approximately $714,981.12. The disclosure for this sale can be found here. Insiders have sold a total of 29,989 shares of company stock valued at $1,868,744 in the last ninety days. 0.17% of the stock is currently owned by corporate insiders.

A number of research firms have recently weighed in on QCOM. BidaskClub lowered QUALCOMM from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. ValuEngine raised QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Stifel Nicolaus lowered QUALCOMM from a “buy” rating to a “hold” rating and boosted their target price for the company from $65.00 to $75.00 in a research note on Tuesday, November 28th. Vetr raised QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Monday, November 27th. Finally, Royal Bank of Canada boosted their target price on QUALCOMM from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. One equities research 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. QUALCOMM has a consensus rating of “Hold” and a consensus target price of $66.02.

QUALCOMM, Inc. (NASDAQ QCOM) opened at $64.02 on Monday. The company has a market capitalization of $94,793.52, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 1.82 and a beta of 1.39. The company has a current ratio of 4.00, a quick ratio of 3.81 and a debt-to-equity ratio of 0.63. QUALCOMM, Inc. has a 52-week low of $48.92 and a 52-week high of $69.28.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Tuesday, November 28th. QUALCOMM’s payout ratio is 138.18%.

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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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