QUALCOMM, Inc. (NASDAQ:QCOM) Shares Sold by Kistler Tiffany Companies LLC

Kistler Tiffany Companies LLC cut its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 8.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,899 shares of the wireless technology company’s stock after selling 265 shares during the period. Kistler Tiffany Companies LLC’s holdings in QUALCOMM were worth $165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Atlas Brown Inc. boosted its position in QUALCOMM by 3.5% in the 1st quarter. Atlas Brown Inc. now owns 5,305 shares of the wireless technology company’s stock valued at $303,000 after buying an additional 179 shares during the last quarter. Boenning & Scattergood Inc. boosted its position in shares of QUALCOMM by 3.1% in the 4th quarter. Boenning & Scattergood Inc. now owns 6,537 shares of the wireless technology company’s stock worth $372,000 after purchasing an additional 197 shares during the last quarter. Evanson Asset Management LLC boosted its position in shares of QUALCOMM by 4.9% in the 4th quarter. Evanson Asset Management LLC now owns 4,231 shares of the wireless technology company’s stock worth $241,000 after purchasing an additional 199 shares during the last quarter. Highland Capital Management LLC boosted its position in shares of QUALCOMM by 0.4% in the 4th quarter. Highland Capital Management LLC now owns 53,274 shares of the wireless technology company’s stock worth $3,032,000 after purchasing an additional 200 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of QUALCOMM by 7.4% in the 4th quarter. Global Retirement Partners LLC now owns 3,138 shares of the wireless technology company’s stock worth $179,000 after purchasing an additional 215 shares during the last quarter. 83.44% of the stock is owned by institutional investors and hedge funds.

QUALCOMM stock opened at $85.84 on Friday. QUALCOMM, Inc. has a 52 week low of $49.10 and a 52 week high of $90.34. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.55 and a quick ratio of 1.39. The stock has a market cap of $101.85 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 1.85 and a beta of 1.45.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, May 1st. The wireless technology company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. QUALCOMM had a return on equity of 56.69% and a net margin of 11.57%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.83 billion. During the same quarter last year, the company posted $0.80 earnings per share. QUALCOMM’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts predict that QUALCOMM, Inc. will post 3.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, June 5th. QUALCOMM’s dividend payout ratio is presently 77.74%.

Several research analysts have recently issued reports on QCOM shares. BMO Capital Markets restated a “market perform” rating on shares of QUALCOMM in a research report on Thursday, January 31st. Zacks Investment Research lowered QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Cowen reiterated an “outperform” rating and set a $70.00 target price (down from $73.00) on shares of QUALCOMM in a report on Thursday, January 31st. ValuEngine upgraded QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Finally, Bank of America raised QUALCOMM from a “neutral” rating to a “buy” rating and lifted their price target for the company from $90.00 to $105.00 in a research note on Thursday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $83.09.

In other news, Director Clark T. Jr. Randt sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $89.58, for a total transaction of $179,160.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James H. Thompson sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $50.75, for a total value of $2,030,000.00. Following the sale, the executive vice president now owns 62,301 shares of the company’s stock, valued at approximately $3,161,775.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 977,131 shares of company stock valued at $38,389,089. Corporate insiders own 0.11% of the company’s stock.

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QUALCOMM Profile

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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