Van Strum & Towne Inc. Maintains Holdings in QUALCOMM Incorporated (QCOM)

Van Strum & Towne Inc. continued to hold its stake in QUALCOMM Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,952 shares of the wireless technology company’s stock at the close of the 2nd quarter. Van Strum & Towne Inc.’s holdings in QUALCOMM were worth $660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Artisan Partners Limited Partnership raised its stake in shares of QUALCOMM by 9.0% during the first quarter. Artisan Partners Limited Partnership now owns 9,444,032 shares of the wireless technology company’s stock worth $541,521,000 after purchasing an additional 783,394 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of QUALCOMM by 6.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 7,334,442 shares of the wireless technology company’s stock worth $405,008,000 after purchasing an additional 439,180 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of QUALCOMM by 30.8% during the first quarter. Schroder Investment Management Group now owns 6,562,412 shares of the wireless technology company’s stock worth $375,369,000 after purchasing an additional 1,544,792 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of QUALCOMM by 589.4% during the first quarter. Nordea Investment Management AB now owns 5,912,226 shares of the wireless technology company’s stock worth $339,007,000 after purchasing an additional 5,054,642 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of QUALCOMM by 27.5% during the first quarter. Swiss National Bank now owns 5,233,165 shares of the wireless technology company’s stock worth $300,070,000 after purchasing an additional 1,128,700 shares during the last quarter. Institutional investors own 76.92% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Van Strum & Towne Inc. Maintains Holdings in QUALCOMM Incorporated (QCOM)” was first posted by Stock Observer and is the property of of Stock Observer. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.thestockobserver.com/2017/10/13/van-strum-towne-inc-maintains-holdings-in-qualcomm-incorporated-qcom.html.

Several research firms have recently commented on QCOM. J P Morgan Chase & Co restated an “overweight” rating on shares of QUALCOMM in a research note on Wednesday, September 6th. BidaskClub upgraded QUALCOMM from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 16th. Sanford C. Bernstein restated a “market perform” rating and set a $60.00 price target on shares of QUALCOMM in a research note on Friday, June 30th. BMO Capital Markets restated a “market perform” rating and set a $55.00 price target on shares of QUALCOMM in a research note on Thursday, August 24th. Finally, Stifel Nicolaus restated a “buy” rating and set a $65.00 price target on shares of QUALCOMM in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $64.00.

In related news, EVP Michelle M. Sterling sold 4,740 shares of QUALCOMM stock in a transaction on Monday, August 21st. The stock was sold at an average price of $51.88, for a total transaction of $245,911.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 5,810 shares of company stock worth $301,596 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. QUALCOMM had a return on equity of 19.64% and a net margin of 17.26%. The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. QUALCOMM’s revenue for the quarter was down 11.1% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.30%. QUALCOMM’s dividend payout ratio is 87.36%.

About QUALCOMM

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)

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.

Leave a Reply