QUALCOMM, Inc. (QCOM) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 12.5% in the fourth quarter, Holdings Channel reports. The fund owned 56,503 shares of the wireless technology company’s stock after selling 8,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in QUALCOMM were worth $3,617,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. FCA Corp TX lifted its holdings in QUALCOMM by 1.0% in the 2nd quarter. FCA Corp TX now owns 4,866 shares of the wireless technology company’s stock valued at $269,000 after acquiring an additional 49 shares during the last quarter. Meridian Investment Counsel Inc. lifted its holdings in QUALCOMM by 0.3% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 18,293 shares of the wireless technology company’s stock valued at $1,010,000 after acquiring an additional 50 shares during the last quarter. Valueworks LLC lifted its holdings in QUALCOMM by 0.3% in the 2nd quarter. Valueworks LLC now owns 14,976 shares of the wireless technology company’s stock valued at $827,000 after acquiring an additional 50 shares during the last quarter. Birch Hill Investment Advisors LLC lifted its holdings in QUALCOMM by 1.4% in the 2nd quarter. Birch Hill Investment Advisors LLC now owns 3,651 shares of the wireless technology company’s stock valued at $202,000 after acquiring an additional 51 shares during the last quarter. Finally, Logan Capital Management Inc. lifted its holdings in QUALCOMM by 0.6% in the 2nd quarter. Logan Capital Management Inc. now owns 11,095 shares of the wireless technology company’s stock valued at $613,000 after acquiring an additional 64 shares during the last quarter. 75.68% of the stock is owned by institutional investors.

In related 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 transaction, the executive vice president now owns 12,035 shares in the company, valued at $824,638.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alexander H. Rogers sold 713 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $68.20, for a total value of $48,626.60. Following the completion of the transaction, the executive vice president now owns 10,403 shares in the company, valued at approximately $709,484.60. The disclosure for this sale can be found here. Insiders sold 53,346 shares of company stock worth $3,499,504 in the last 90 days. 0.17% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on the stock. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, November 27th. Macquarie upped their price objective on shares of QUALCOMM from $55.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Canaccord Genuity upped their price objective on shares of QUALCOMM from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Stifel Nicolaus lowered shares of QUALCOMM from a “buy” rating to a “hold” rating and upped their price objective for the company from $65.00 to $75.00 in a research note on Tuesday, November 28th. Finally, ValuEngine lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note 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 currently has a consensus rating of “Hold” and a consensus target price of $68.25.

QUALCOMM, Inc. (QCOM) opened at $64.85 on Friday. The firm has a market capitalization of $95,370.00, a PE ratio of -26.47, a PEG ratio of 2.03 and a beta of 1.38. QUALCOMM, Inc. has a twelve month low of $48.92 and a twelve month high of $69.28. The company has a quick ratio of 3.25, a current ratio of 3.41 and a debt-to-equity ratio of 0.81.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $5.93 billion. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 EPS. sell-side analysts forecast that QUALCOMM, Inc. will post 2.8 earnings per share for the current fiscal 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 issued a $0.57 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 dividend on an annualized basis and a yield of 3.52%. QUALCOMM’s dividend payout ratio is currently -93.06%.

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QUALCOMM 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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