QUALCOMM, Inc. (QCOM) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 46.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 846,097 shares of the wireless technology company’s stock after selling 733,420 shares during the period. Sterling Capital Management LLC owned about 0.06% of QUALCOMM worth $54,167,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of QCOM. Capital International Investors grew its position in QUALCOMM by 41.8% in the 3rd quarter. Capital International Investors now owns 21,455,439 shares of the wireless technology company’s stock worth $1,112,250,000 after purchasing an additional 6,322,645 shares during the last quarter. Veritas Asset Management LLP lifted its holdings in shares of QUALCOMM by 68.4% during the 3rd quarter. Veritas Asset Management LLP now owns 13,429,265 shares of the wireless technology company’s stock worth $696,173,000 after acquiring an additional 5,453,631 shares during the period. Parnassus Investments CA lifted its holdings in shares of QUALCOMM by 62.4% during the 3rd quarter. Parnassus Investments CA now owns 7,809,000 shares of the wireless technology company’s stock worth $404,819,000 after acquiring an additional 3,000,000 shares during the period. Stifel Financial Corp lifted its holdings in shares of QUALCOMM by 7,466.2% during the 3rd quarter. Stifel Financial Corp now owns 2,872,490 shares of the wireless technology company’s stock worth $148,873,000 after acquiring an additional 2,834,525 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of QUALCOMM by 21.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,218,088 shares of the wireless technology company’s stock worth $581,538,000 after acquiring an additional 1,964,525 shares during the period. Institutional investors own 78.00% of the company’s stock.

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In other QUALCOMM news, EVP James H. Thompson sold 50,126 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $62.66, for a total value of $3,140,895.16. Following the completion of the transaction, the executive vice president now directly owns 136,482 shares of the company’s stock, valued at $8,551,962.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alexander H. Rogers sold 663 shares of the business’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $56.59, for a total transaction of $37,519.17. Following the completion of the transaction, the executive vice president now directly owns 8,794 shares of the company’s stock, valued at $497,652.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,682 shares of company stock valued at $3,306,030. Insiders own 0.17% of the company’s stock.

QCOM has been the subject of a number of analyst reports. Vetr raised shares of QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $76.13 price objective for the company in a report on Tuesday, January 2nd. Nomura raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $58.00 to $75.00 in a report on Tuesday, January 16th. ValuEngine downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Mizuho reaffirmed a “buy” rating and set a $75.00 price objective (up from $65.00) on shares of QUALCOMM in a report on Wednesday, January 17th. Finally, Macquarie raised their price objective on shares of QUALCOMM from $55.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $66.06.

Shares of NASDAQ QCOM opened at $51.44 on Friday. QUALCOMM, Inc. has a 1-year low of $48.92 and a 1-year high of $69.28. The stock has a market capitalization of $77,822.69, a price-to-earnings ratio of 13.61, a P/E/G ratio of 1.64 and a beta of 1.44. 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 announced its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, topping the Zacks’ 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 the consensus estimate of $5.93 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. equities research analysts anticipate that QUALCOMM, Inc. will post 2.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Wednesday, May 30th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, May 29th. This is an increase from QUALCOMM’s previous quarterly dividend of $0.57. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.82%. QUALCOMM’s payout ratio is currently 60.32%.

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About QUALCOMM

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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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