Shepherd Kaplan Krochuk LLC Trims Stock Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)

Shepherd Kaplan Krochuk LLC decreased its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 25.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,379 shares of the wireless technology company’s stock after selling 3,144 shares during the period. Shepherd Kaplan Krochuk LLC’s holdings in QUALCOMM were worth $1,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of QCOM. ICW Investment Advisors LLC grew its position in shares of QUALCOMM by 2.3% during the 3rd quarter. ICW Investment Advisors LLC now owns 3,440 shares of the wireless technology company’s stock valued at $405,000 after buying an additional 78 shares during the last quarter. AlphaCrest Capital Management LLC grew its position in shares of QUALCOMM by 2.3% during the 3rd quarter. AlphaCrest Capital Management LLC now owns 3,843 shares of the wireless technology company’s stock valued at $452,000 after buying an additional 86 shares during the last quarter. Ayrshire Capital Management LLC grew its position in shares of QUALCOMM by 1.0% during the 3rd quarter. Ayrshire Capital Management LLC now owns 8,539 shares of the wireless technology company’s stock valued at $1,005,000 after buying an additional 87 shares during the last quarter. Trellis Advisors LLC grew its position in shares of QUALCOMM by 1.2% during the 3rd quarter. Trellis Advisors LLC now owns 7,651 shares of the wireless technology company’s stock valued at $900,000 after buying an additional 89 shares during the last quarter. Finally, Williams Jones Wealth Management LLC. grew its position in shares of QUALCOMM by 0.9% during the 3rd quarter. Williams Jones Wealth Management LLC. now owns 10,435 shares of the wireless technology company’s stock valued at $1,228,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 74.79% of the company’s stock.

Several research firms have commented on QCOM. Oppenheimer restated a “hold” rating on shares of QUALCOMM in a research report on Thursday, November 5th. Rosenblatt Securities upped their target price on shares of QUALCOMM from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. BNP Paribas upgraded shares of QUALCOMM from an “underperform” rating to an “outperform” rating and set a $140.00 target price for the company in a research report on Friday, September 25th. Canaccord Genuity upped their target price on shares of QUALCOMM from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Finally, Argus upped their target price on shares of QUALCOMM from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. QUALCOMM presently has an average rating of “Buy” and an average price target of $142.08.

QCOM stock opened at $144.35 on Monday. QUALCOMM Incorporated has a 52-week low of $58.00 and a 52-week high of $153.33. The company’s 50 day simple moving average is $134.83 and its 200-day simple moving average is $108.29. The company has a debt-to-equity ratio of 4.67, a current ratio of 1.97 and a quick ratio of 1.67. The firm has a market capitalization of $162.67 billion, a P/E ratio of 60.69, a P/E/G ratio of 0.89 and a beta of 1.34.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 4th. The wireless technology company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.28. QUALCOMM had a net margin of 13.72% and a return on equity of 78.39%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The firm’s revenue was up 35.3% compared to the same quarter last year. Sell-side analysts predict that QUALCOMM Incorporated will post 3.2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.80%. QUALCOMM’s dividend payout ratio is currently 91.55%.

In other news, EVP Donald J. Rosenberg sold 10,720 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $118.27, for a total transaction of $1,267,854.40. Following the sale, the executive vice president now owns 9,292 shares in the company, valued at $1,098,964.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Erin L. Polek sold 3,455 shares of the business’s stock in a transaction that occurred on Monday, November 23rd. The shares were sold at an average price of $142.48, for a total transaction of $492,268.40. Following the sale, the chief accounting officer now owns 2,738 shares in the company, valued at approximately $390,110.24. The disclosure for this sale can be found here. Insiders have sold 68,328 shares of company stock worth $9,036,666 in the last 90 days. 0.12% of the stock is owned by company insiders.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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