Spectrum Financial Alliance Ltd LLC Buys 2,140 Shares of QUALCOMM, Inc. (QCOM)

Spectrum Financial Alliance Ltd LLC raised its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,211 shares of the wireless technology company’s stock after purchasing an additional 2,140 shares during the period. QUALCOMM accounts for about 6.2% of Spectrum Financial Alliance Ltd LLC’s holdings, making the stock its 8th biggest position. Spectrum Financial Alliance Ltd LLC’s holdings in QUALCOMM were worth $8,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its position in shares of QUALCOMM by 9,505.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,612,696 shares of the wireless technology company’s stock valued at $591,000 after buying an additional 33,262,770 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of QUALCOMM by 24.1% in the fourth quarter. Bank of New York Mellon Corp now owns 25,852,938 shares of the wireless technology company’s stock valued at $1,471,289,000 after buying an additional 5,022,323 shares in the last quarter. Morgan Stanley increased its position in shares of QUALCOMM by 163.2% in the third quarter. Morgan Stanley now owns 18,891,278 shares of the wireless technology company’s stock valued at $1,360,740,000 after buying an additional 11,713,988 shares in the last quarter. Capital World Investors increased its position in shares of QUALCOMM by 33.5% in the third quarter. Capital World Investors now owns 18,580,637 shares of the wireless technology company’s stock valued at $1,338,363,000 after buying an additional 4,662,437 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of QUALCOMM by 28.8% in the third quarter. Clearbridge Investments LLC now owns 9,192,851 shares of the wireless technology company’s stock valued at $662,161,000 after buying an additional 2,058,096 shares in the last quarter. Institutional investors own 83.70% of the company’s stock.

Shares of NASDAQ QCOM traded up $0.81 during midday trading on Friday, hitting $79.89. The stock had a trading volume of 41,621,184 shares, compared to its average volume of 23,868,188. The firm has a market capitalization of $96.69 billion, a P/E ratio of 25.04, a P/E/G ratio of 2.59 and a beta of 1.22. QUALCOMM, Inc. has a 1-year low of $48.56 and a 1-year high of $82.52. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.54 and a quick ratio of 1.38.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, January 30th. The wireless technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.11. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.89 billion. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The company’s revenue was down 21.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. On average, equities research analysts expect that QUALCOMM, Inc. will post 3.14 EPS for the current fiscal year.

In other QUALCOMM news, EVP James H. Thompson sold 40,000 shares of QUALCOMM stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $50.75, for a total transaction of $2,030,000.00. Following the sale, the executive vice president now directly owns 62,301 shares in the company, valued at approximately $3,161,775.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Cristiano R. Amon sold 13,466 shares of QUALCOMM stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $60.00, for a total value of $807,960.00. Following the sale, the president now owns 37,614 shares in the company, valued at $2,256,840. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

A number of research analysts have recently weighed in on QCOM shares. BidaskClub cut QUALCOMM from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 29th. Barclays restated a “buy” rating and issued a $70.00 price target on shares of QUALCOMM in a research report on Friday, January 18th. Mizuho dropped their price objective on QUALCOMM from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, January 31st. UBS Group reiterated a “neutral” rating and set a $55.00 price objective (down previously from $64.00) on shares of QUALCOMM in a research report on Thursday, January 31st. Finally, ValuEngine cut QUALCOMM from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $76.32.

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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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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