QUALCOMM Incorporated (QCOM) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 17.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,144 shares of the wireless technology company’s stock after purchasing an additional 21,052 shares during the period. Raymond James Trust N.A.’s holdings in QUALCOMM were worth $7,794,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. FNY Partners Fund LP grew its position in QUALCOMM by 102.0% during the second quarter. FNY Partners Fund LP now owns 3,100 shares of the wireless technology company’s stock valued at $171,000 after acquiring an additional 1,565 shares during the last quarter. Stephens Inc. AR grew its position in QUALCOMM by 10.8% during the second quarter. Stephens Inc. AR now owns 115,483 shares of the wireless technology company’s stock valued at $6,377,000 after acquiring an additional 11,232 shares during the last quarter. Oarsman Capital Inc. grew its position in QUALCOMM by 8.6% during the second quarter. Oarsman Capital Inc. now owns 20,901 shares of the wireless technology company’s stock valued at $1,154,000 after acquiring an additional 1,651 shares during the last quarter. HGK Asset Management Inc. grew its position in QUALCOMM by 27.8% during the second quarter. HGK Asset Management Inc. now owns 7,565 shares of the wireless technology company’s stock valued at $418,000 after acquiring an additional 1,645 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its position in QUALCOMM by 5.9% during the second quarter. Riverhead Capital Management LLC now owns 83,930 shares of the wireless technology company’s stock valued at $4,635,000 after acquiring an additional 4,642 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

QCOM has been the topic of a number of recent research reports. Canaccord Genuity increased their price target on shares of QUALCOMM from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Monday. ValuEngine lowered QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub lowered QUALCOMM from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Zacks Investment Research raised QUALCOMM from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Vetr lowered QUALCOMM from a “strong-buy” rating to a “hold” rating and set a $62.71 price objective for the company. in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have issued a buy rating to the company. QUALCOMM presently has a consensus rating of “Hold” and a consensus target price of $65.15.

In other QUALCOMM news, EVP Michelle M. Sterling sold 4,740 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $51.88, for a total value of $245,911.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $60.44, for a total value of $1,208,800.00. The disclosure for this sale can be found here. Insiders sold 25,837 shares of company stock worth $1,512,049 over the last three months. Insiders own 0.24% of the company’s stock.

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Shares of QUALCOMM Incorporated (NASDAQ:QCOM) opened at $66.49 on Tuesday. QUALCOMM Incorporated has a twelve month low of $48.92 and a twelve month high of $70.24. The company has a market capitalization of $95,186.84, a PE ratio of 17.08, a P/E/G ratio of 1.81 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period last year, the company earned $1.28 EPS. QUALCOMM’s revenue for the quarter was down 3.5% on a year-over-year basis. analysts predict that QUALCOMM Incorporated will post 3.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be given a $0.57 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $2.28 annualized dividend and a yield of 3.43%. QUALCOMM’s payout ratio is 138.18%.

QUALCOMM Profile

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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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