QUALCOMM Incorporated (NASDAQ:QCOM) Shares Purchased by Tradewinds Capital Management LLC

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Tradewinds Capital Management LLC raised its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 9.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,419 shares of the wireless technology company’s stock after acquiring an additional 120 shares during the period. Tradewinds Capital Management LLC’s holdings in QUALCOMM were worth $167,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of QUALCOMM by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 104,166,567 shares of the wireless technology company’s stock worth $9,501,032,000 after acquiring an additional 5,845,242 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of QUALCOMM by 3.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,658,831 shares of the wireless technology company’s stock worth $972,192,000 after acquiring an additional 318,756 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of QUALCOMM by 24.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 9,535,939 shares of the wireless technology company’s stock worth $869,773,000 after acquiring an additional 1,870,075 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of QUALCOMM by 2.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,350,496 shares of the wireless technology company’s stock worth $579,229,000 after acquiring an additional 171,720 shares during the period. Finally, Morgan Stanley lifted its stake in shares of QUALCOMM by 6.3% in the 1st quarter. Morgan Stanley now owns 5,838,244 shares of the wireless technology company’s stock worth $394,958,000 after acquiring an additional 346,856 shares during the period. Institutional investors own 74.79% of the company’s stock.

Several analysts have recently commented on QCOM shares. Royal Bank of Canada raised their target price on shares of QUALCOMM from $81.00 to $106.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. They noted that the move was a valuation call. 140166 raised their price objective on shares of QUALCOMM from $110.00 to $125.00 in a research note on Thursday, July 30th. Morgan Stanley raised their price objective on shares of QUALCOMM from $102.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Sanford C. Bernstein set a $135.00 price objective on shares of QUALCOMM and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, Barclays raised their price objective on shares of QUALCOMM from $110.00 to $120.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $123.12.

Shares of QCOM traded down $2.68 during mid-day trading on Monday, hitting $126.20. The company had a trading volume of 6,048,194 shares, compared to its average volume of 10,084,007. The business’s 50-day simple moving average is $118.66 and its 200-day simple moving average is $97.31. The company has a quick ratio of 1.67, a current ratio of 1.97 and a debt-to-equity ratio of 4.67. QUALCOMM Incorporated has a 1-year low of $58.00 and a 1-year high of $132.42. The stock has a market cap of $142.39 billion, a PE ratio of 53.25, a P/E/G ratio of 0.89 and a beta of 1.34.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.15. QUALCOMM had a net margin of 13.72% and a return on equity of 78.39%. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.80 billion. During the same period last year, the company earned $0.80 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts expect that QUALCOMM Incorporated will post 3.2 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be given a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $2.60 annualized dividend and a dividend yield of 2.06%. QUALCOMM’s dividend payout ratio is presently 91.55%.

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,925 shares of QUALCOMM stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $102.42, for a total transaction of $401,998.50. Following the transaction, the chief financial officer now directly owns 17,790 shares of the company’s stock, valued at $1,822,051.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Cristiano R. Amon sold 20,530 shares of QUALCOMM stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $130.60, for a total transaction of $2,681,218.00. Following the transaction, the president now directly owns 50,753 shares in the company, valued at $6,628,341.80. The disclosure for this sale can be found here. Insiders sold 43,720 shares of company stock worth $5,348,451 over the last three months. Corporate insiders own 0.12% of the company’s stock.

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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