QUALCOMM, Inc. (QCOM) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. reduced its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 61.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,435 shares of the wireless technology company’s stock after selling 27,764 shares during the quarter. FDx Advisors Inc.’s holdings in QUALCOMM were worth $1,256,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Dupont Capital Management Corp increased its holdings in QUALCOMM by 48.5% in the 2nd quarter. Dupont Capital Management Corp now owns 16,055 shares of the wireless technology company’s stock worth $901,000 after acquiring an additional 5,240 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in QUALCOMM by 7.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 71,010 shares of the wireless technology company’s stock worth $3,985,000 after acquiring an additional 4,740 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in QUALCOMM by 12.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 358,585 shares of the wireless technology company’s stock worth $20,124,000 after acquiring an additional 40,370 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its holdings in QUALCOMM by 1.0% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 103,447 shares of the wireless technology company’s stock worth $5,805,000 after acquiring an additional 1,017 shares in the last quarter. Finally, Weatherly Asset Management L. P. increased its holdings in QUALCOMM by 1.8% in the 2nd quarter. Weatherly Asset Management L. P. now owns 64,739 shares of the wireless technology company’s stock worth $3,633,000 after acquiring an additional 1,121 shares in the last quarter. 89.45% of the stock is currently owned by institutional investors.

In related news, EVP Alexander H. Rogers sold 853 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $63.50, for a total value of $54,165.50. Following the completion of the transaction, the executive vice president now directly owns 4,344 shares of the company’s stock, valued at $275,844. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Donald J. Rosenberg sold 6,297 shares of the firm’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $55.22, for a total transaction of $347,720.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,629 shares of company stock valued at $6,561,814. Insiders own 0.17% of the company’s stock.

Shares of QCOM opened at $58.26 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.55 and a debt-to-equity ratio of 16.56. QUALCOMM, Inc. has a 1 year low of $48.56 and a 1 year high of $76.50. The company has a market cap of $70.44 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.43 and a beta of 1.69.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 7th. The wireless technology company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.20. QUALCOMM had a negative net margin of 21.40% and a positive return on equity of 26.21%. The business had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same period last year, the firm posted $0.92 EPS. The company’s revenue was down 2.1% on a year-over-year basis. Analysts forecast that QUALCOMM, Inc. will post 3.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Wednesday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is currently 77.74%.

Several equities research analysts recently issued reports on QCOM shares. Royal Bank of Canada increased their target price on shares of QUALCOMM to $77.00 and gave the stock an “outperform” rating in a report on Friday, September 7th. UBS Group increased their target price on shares of QUALCOMM from $62.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, November 5th. BidaskClub lowered shares of QUALCOMM from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Canaccord Genuity reduced their target price on shares of QUALCOMM from $88.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. Finally, Bank of America reduced their target price on shares of QUALCOMM from $70.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. QUALCOMM presently has a consensus rating of “Buy” and an average price target of $70.44.

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QUALCOMM Company Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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