QUALCOMM, Inc. (QCOM) Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors lessened its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 10.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,207 shares of the wireless technology company’s stock after selling 1,957 shares during the quarter. Optimum Investment Advisors’ holdings in QUALCOMM were worth $892,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. United Asset Strategies Inc. bought a new position in QUALCOMM in the 2nd quarter valued at about $5,249,000. Wrapmanager Inc. bought a new position in QUALCOMM in the 3rd quarter valued at about $369,000. Conning Inc. lifted its position in QUALCOMM by 16.4% in the 3rd quarter. Conning Inc. now owns 719,378 shares of the wireless technology company’s stock valued at $37,293,000 after acquiring an additional 101,483 shares in the last quarter. Stephens Inc. AR lifted its position in QUALCOMM by 10.8% in the 2nd quarter. Stephens Inc. AR now owns 115,483 shares of the wireless technology company’s stock valued at $6,377,000 after acquiring an additional 11,232 shares in the last quarter. Finally, Ffcm LLC lifted its position in QUALCOMM by 44.7% in the 3rd quarter. Ffcm LLC now owns 101,475 shares of the wireless technology company’s stock valued at $5,261,000 after acquiring an additional 31,326 shares in the last quarter. 76.16% of the stock is currently owned by institutional investors.

In related news, EVP Alexander H. Rogers sold 919 shares of QUALCOMM stock in a transaction that occurred on Wednesday, December 27th. The shares were 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 in the company, valued at approximately $714,981.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alexander H. Rogers sold 874 shares of QUALCOMM stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $68.52, for a total transaction 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 $824,638.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,346 shares of company stock valued at $3,499,504. 0.24% of the stock is currently owned by company insiders.

Several equities analysts recently weighed in on QCOM shares. Canaccord Genuity raised their price target on shares of QUALCOMM from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, November 13th. Royal Bank of Canada raised their price target on shares of QUALCOMM from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Vetr cut shares of QUALCOMM from a “strong-buy” rating to a “hold” rating and set a $62.71 price target on the stock. in a research report on Monday, November 6th. ValuEngine cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Nomura raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and raised their price target for the company from $58.00 to $75.00 in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. QUALCOMM has an average rating of “Hold” and a consensus price target of $68.25.

Shares of QUALCOMM, Inc. (NASDAQ QCOM) opened at $65.04 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.41. QUALCOMM, Inc. has a one year low of $48.92 and a one year high of $69.28. The stock has a market cap of $96,280.00, a P/E ratio of -22.98, a PEG ratio of 1.92 and a beta of 1.38.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.07. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The company had revenue of $6.10 billion during the quarter, compared to analyst estimates of $5.93 billion. During the same quarter last year, the business posted $1.19 EPS. QUALCOMM’s quarterly revenue was up 1.7% compared to the same quarter last year. research analysts expect that QUALCOMM, Inc. will post 2.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.28 annualized dividend and a dividend yield of 3.51%. QUALCOMM’s payout ratio is currently -80.57%.

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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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