QUALCOMM Incorporated (NASDAQ:QCOM) Holdings Trimmed by SNS Financial Group LLC

SNS Financial Group LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,479 shares of the wireless technology company’s stock after selling 3,099 shares during the period. SNS Financial Group LLC’s holdings in QUALCOMM were worth $2,235,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Bradley Foster & Sargent Inc. CT boosted its stake in QUALCOMM by 11.3% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 26,601 shares of the wireless technology company’s stock worth $1,469,000 after purchasing an additional 2,702 shares in the last quarter. Capital Advisors Inc. OK raised its position in QUALCOMM by 10.2% in the 2nd quarter. Capital Advisors Inc. OK now owns 229,196 shares of the wireless technology company’s stock worth $12,656,000 after buying an additional 21,183 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in QUALCOMM by 7.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 286,087 shares of the wireless technology company’s stock worth $15,797,000 after buying an additional 20,610 shares during the last quarter. Radnor Capital Management LLC raised its position in QUALCOMM by 1.5% in the 2nd quarter. Radnor Capital Management LLC now owns 20,568 shares of the wireless technology company’s stock worth $1,136,000 after buying an additional 300 shares during the last quarter. Finally, Sawtooth Solutions LLC raised its position in QUALCOMM by 9.0% in the 2nd quarter. Sawtooth Solutions LLC now owns 29,320 shares of the wireless technology company’s stock worth $1,619,000 after buying an additional 2,409 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

In other QUALCOMM news, EVP Michelle M. Sterling sold 4,740 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $51.88, for a total value of $245,911.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 25,837 shares of company stock worth $1,512,049 in the last 90 days. 0.24% of the stock is currently owned by insiders.

QUALCOMM Incorporated (NASDAQ QCOM) traded up $0.17 during trading hours on Wednesday, reaching $66.17. The company had a trading volume of 1,588,446 shares, compared to its average volume of 11,283,570. QUALCOMM Incorporated has a one year low of $48.92 and a one year high of $70.24. The stock has a market cap of $96,720.00, a price-to-earnings ratio of 17.59, a PEG ratio of 1.86 and a beta of 1.26. 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 (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the firm posted $1.28 EPS. QUALCOMM’s quarterly revenue was down 3.5% compared to the same quarter last year. analysts anticipate that QUALCOMM Incorporated will post 3.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be issued a dividend of $0.57 per share. The ex-dividend date is Tuesday, November 28th. This represents a $2.28 annualized dividend and a yield of 3.45%. QUALCOMM’s payout ratio is presently 138.18%.

A number of equities analysts have weighed in on the company. 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. Vetr raised QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 target price for the company in a research report on Monday. Sanford C. Bernstein reissued a “hold” rating on shares of QUALCOMM in a research report on Monday. Canaccord Genuity boosted their target price on QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Raymond James Financial, Inc. raised QUALCOMM from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $65.42.

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About QUALCOMM

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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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