QUALCOMM, Inc. (QCOM) Stake Decreased by Oak Associates Ltd. OH

Oak Associates Ltd. OH decreased its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 356,005 shares of the wireless technology company’s stock after selling 2,093 shares during the period. QUALCOMM accounts for about 1.4% of Oak Associates Ltd. OH’s portfolio, making the stock its 22nd biggest holding. Oak Associates Ltd. OH’s holdings in QUALCOMM were worth $18,455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QCOM. Westwood Holdings Group Inc. purchased a new stake in shares of QUALCOMM in the second quarter worth about $114,000. Krilogy Financial LLC lifted its position in shares of 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 buying an additional 745 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of QUALCOMM in the second quarter worth about $141,000. Jacobi Capital Management LLC lifted its position in shares of 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 buying an additional 200 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its position in shares of 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 buying an additional 842 shares in the last quarter. 76.20% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Matthew S. Grob sold 20,000 shares of the 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 legal filing with the SEC, which is available at the SEC website. Also, EVP Michelle M. Sterling sold 7,840 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was 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. In the last three months, insiders sold 72,989 shares of company stock worth $4,678,794. 0.24% of the stock is owned by insiders.

A number of research firms recently commented on QCOM. Vetr upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $76.13 target price on the stock in a research report on Tuesday, January 2nd. BidaskClub downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. ValuEngine upgraded QUALCOMM from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Stifel Nicolaus downgraded QUALCOMM from a “buy” rating to a “hold” rating and boosted their target price for the stock from $65.00 to $75.00 in a research report on Tuesday, November 28th. Finally, Royal Bank of Canada boosted their target price on QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $66.06.

Shares of QUALCOMM, Inc. (NASDAQ:QCOM) opened at $65.38 on Friday. 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 fifty-two week low of $48.92 and a fifty-two week high of $69.28. The firm has a market capitalization of $96,380.00, a P/E ratio of 39.62, a PEG ratio of 1.89 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 for the quarter, topping the 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 the consensus estimate of $5.80 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. research analysts anticipate that QUALCOMM, Inc. will post 3.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.49%. QUALCOMM’s dividend payout ratio (DPR) is currently 138.18%.

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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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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