Independent Investors Inc. Sells 800 Shares of QUALCOMM, Inc. (QCOM)

Independent Investors Inc. lowered its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,600 shares of the wireless technology company’s stock after selling 800 shares during the period. QUALCOMM makes up approximately 1.0% of Independent Investors Inc.’s investment portfolio, making the stock its 25th biggest position. Independent Investors Inc.’s holdings in QUALCOMM were worth $2,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Csenge Advisory Group bought a new stake in QUALCOMM in the third quarter worth about $28,000. Bell Rock Capital LLC bought a new stake in QUALCOMM in the third quarter worth about $101,000. Moneta Group Investment Advisors LLC lifted its stake in QUALCOMM by 9,686.8% in the second quarter. Moneta Group Investment Advisors LLC now owns 74,282 shares of the wireless technology company’s stock worth $105,000 after purchasing an additional 73,523 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its stake in QUALCOMM by 195.0% in the third quarter. Sterling Investment Advisors Ltd. now owns 1,549 shares of the wireless technology company’s stock worth $112,000 after purchasing an additional 1,024 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC lifted its stake in QUALCOMM by 1,760.0% in the third quarter. Kiley Juergens Wealth Management LLC now owns 1,860 shares of the wireless technology company’s stock worth $133,000 after purchasing an additional 1,760 shares during the last quarter. Institutional investors own 89.58% of the company’s stock.

In related news, EVP Donald J. Rosenberg sold 9,048 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $58.01, for a total transaction of $524,874.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alexander H. Rogers sold 853 shares of the company’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $63.50, for a total transaction of $54,165.50. Following the transaction, the executive vice president now owns 4,344 shares of the company’s stock, valued at approximately $275,844. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,521 shares of company stock valued at $2,030,355. Insiders own 0.24% of the company’s stock.

QCOM has been the subject of several analyst reports. Deutsche Bank decreased their price objective on shares of QUALCOMM to $65.00 and set a “hold” rating for the company in a research note on Thursday, November 8th. Bank of America decreased their price objective on shares of QUALCOMM from $70.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, November 8th. BidaskClub raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. KeyCorp initiated coverage on shares of QUALCOMM in a research note on Tuesday, September 25th. They issued a “sector weight” rating for the company. Finally, Stifel Nicolaus raised their price objective on shares of QUALCOMM from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Thursday, September 27th. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $70.44.

QCOM opened at $57.50 on Monday. QUALCOMM, Inc. has a twelve month low of $48.56 and a twelve month high of $76.50. The company has a debt-to-equity ratio of 16.56, a current ratio of 1.55 and a quick ratio of 1.40. The stock has a market cap of $68.62 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.73 and a beta of 1.40.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 7th. The wireless technology company reported $0.90 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, sell-side analysts expect that QUALCOMM, Inc. will post 3.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 20th. Investors of record on Thursday, December 6th were given a dividend of $0.62 per share. The ex-dividend date was Wednesday, December 5th. This represents a $2.48 annualized dividend and a dividend yield of 4.31%. QUALCOMM’s dividend payout ratio (DPR) is presently 77.74%.

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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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