QUALCOMM, Inc. (NASDAQ:QCOM) Shares Sold by Whitener Capital Management Inc.

Whitener Capital Management Inc. trimmed its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,725 shares of the wireless technology company’s stock after selling 155 shares during the period. Whitener Capital Management Inc.’s holdings in QUALCOMM were worth $435,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of QCOM. Comerica Securities Inc. lifted its stake in shares of QUALCOMM by 1.3% during the 4th quarter. Comerica Securities Inc. now owns 28,376 shares of the wireless technology company’s stock worth $1,615,000 after acquiring an additional 370 shares during the last quarter. Edmp Inc. lifted its stake in shares of QUALCOMM by 12.9% during the 1st quarter. Edmp Inc. now owns 57,021 shares of the wireless technology company’s stock worth $3,252,000 after acquiring an additional 6,526 shares during the last quarter. Berkshire Asset Management LLC PA lifted its stake in shares of QUALCOMM by 1.1% during the 1st quarter. Berkshire Asset Management LLC PA now owns 225,020 shares of the wireless technology company’s stock worth $12,833,000 after acquiring an additional 2,381 shares during the last quarter. Bank of Stockton bought a new stake in shares of QUALCOMM during the 1st quarter worth approximately $266,000. Finally, Nwam LLC lifted its stake in shares of QUALCOMM by 25.7% during the 1st quarter. Nwam LLC now owns 11,894 shares of the wireless technology company’s stock worth $678,000 after acquiring an additional 2,435 shares during the last quarter. 77.19% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Erin L. Polek sold 1,478 shares of QUALCOMM stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.36, for a total value of $103,992.08. Following the transaction, the senior vice president now directly owns 1,386 shares in the company, valued at approximately $97,518.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.11% of the company’s stock.

A number of equities research analysts recently issued reports on QCOM shares. DZ Bank reissued a “sell” rating on shares of QUALCOMM in a research note on Friday, August 2nd. Zacks Investment Research raised QUALCOMM from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Goldman Sachs Group started coverage on QUALCOMM in a research note on Thursday, May 23rd. They set a “neutral” rating and a $73.00 price target for the company. BidaskClub raised QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Citigroup raised their price target on QUALCOMM from $55.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. QUALCOMM currently has a consensus rating of “Buy” and an average target price of $79.93.

QCOM traded up $2.12 during trading on Friday, hitting $73.28. 10,090,600 shares of the stock were exchanged, compared to its average volume of 11,652,962. The firm has a 50 day simple moving average of $74.13 and a 200 day simple moving average of $67.44. The firm has a market cap of $86.17 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 1.93 and a beta of 1.62. QUALCOMM, Inc. has a 1 year low of $49.10 and a 1 year high of $90.34. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.61 and a current ratio of 1.77.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. QUALCOMM had a return on equity of 112.21% and a net margin of 13.41%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same period last year, the business posted $1.01 EPS. QUALCOMM’s quarterly revenue was down 12.7% on a year-over-year basis. As a group, equities analysts anticipate that QUALCOMM, Inc. will post 2.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.38%. QUALCOMM’s dividend payout ratio is presently 77.74%.

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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