Guinness Atkinson Asset Management Inc raised its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,130 shares of the wireless technology company’s stock after acquiring an additional 2,100 shares during the period. QUALCOMM makes up 5.5% of Guinness Atkinson Asset Management Inc’s holdings, making the stock its 2nd largest position. Guinness Atkinson Asset Management Inc’s holdings in QUALCOMM were worth $8,511,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. WealthTrust Axiom LLC raised its stake in shares of QUALCOMM by 0.3% in the 1st quarter. WealthTrust Axiom LLC now owns 5,804 shares of the wireless technology company’s stock worth $332,000 after buying an additional 15 shares in the last quarter. Excalibur Management Corp raised its stake in shares of QUALCOMM by 0.7% in the 1st quarter. Excalibur Management Corp now owns 4,384 shares of the wireless technology company’s stock worth $251,000 after buying an additional 31 shares in the last quarter. FCA Corp TX raised its stake in shares of QUALCOMM by 0.9% in the 1st quarter. FCA Corp TX now owns 4,817 shares of the wireless technology company’s stock worth $276,000 after buying an additional 43 shares in the last quarter. Welch Group LLC raised its stake in shares of QUALCOMM by 2.3% in the 1st quarter. Welch Group LLC now owns 3,037 shares of the wireless technology company’s stock worth $174,000 after buying an additional 69 shares in the last quarter. Finally, Community Bank N.A. raised its stake in shares of QUALCOMM by 0.8% in the 1st quarter. Community Bank N.A. now owns 8,818 shares of the wireless technology company’s stock worth $506,000 after buying an additional 70 shares in the last quarter. 77.03% of the stock is currently owned by hedge funds and other institutional investors.
QUALCOMM Incorporated (QCOM) traded up 1.38% during trading on Friday, hitting $52.19. The company had a trading volume of 13,177,887 shares. The stock has a 50-day moving average of $52.11 and a 200-day moving average of $55.07. The stock has a market capitalization of $77.04 billion, a PE ratio of 19.99 and a beta of 1.29. QUALCOMM Incorporated has a one year low of $48.92 and a one year high of $71.62.
QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. QUALCOMM had a net margin of 17.26% and a return on equity of 19.64%. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same period last year, the business posted $1.16 EPS. QUALCOMM’s revenue was down 11.1% on a year-over-year basis. On average, equities analysts anticipate that QUALCOMM Incorporated will post $4.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Wednesday, August 30th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, August 28th. This represents a $2.28 annualized dividend and a yield of 4.37%. QUALCOMM’s dividend payout ratio (DPR) is currently 87.36%.
In related news, EVP Michelle M. Sterling sold 4,740 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $51.88, for a total value of $245,911.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Derek K. Aberle sold 23,104 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $55.38, for a total transaction of $1,279,499.52. Following the completion of the sale, the president now owns 5,855 shares of the company’s stock, valued at $324,249.90. The disclosure for this sale can be found here. Insiders sold a total of 28,995 shares of company stock valued at $1,587,390 over the last quarter. 0.17% of the stock is currently owned by company insiders.
A number of analysts have recently commented on the company. J P Morgan Chase & Co reissued an “overweight” rating on shares of QUALCOMM in a research note on Wednesday, September 6th. BidaskClub raised QUALCOMM from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 16th. Sanford C. Bernstein reissued a “market perform” rating and issued a $60.00 price objective on shares of QUALCOMM in a research note on Friday, June 30th. BMO Capital Markets restated a “market perform” rating and issued a $55.00 target price on shares of QUALCOMM in a report on Thursday, August 24th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $65.00 target price on shares of QUALCOMM in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $63.96.
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
Receive News & Ratings for QUALCOMM Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.