QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Apriem Advisors

Apriem Advisors grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,898 shares of the wireless technology company’s stock after purchasing an additional 81 shares during the period. Apriem Advisors’ holdings in QUALCOMM were worth $1,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Investment Management Associates Inc. ADV raised its holdings in shares of QUALCOMM by 67.2% in the 1st quarter. Investment Management Associates Inc. ADV now owns 47,158 shares of the wireless technology company’s stock valued at $6,253,000 after buying an additional 18,957 shares during the period. Brookstone Capital Management purchased a new stake in shares of QUALCOMM in the 2nd quarter valued at $2,755,000. Baird Financial Group Inc. raised its holdings in shares of QUALCOMM by 13.1% in the 1st quarter. Baird Financial Group Inc. now owns 883,254 shares of the wireless technology company’s stock valued at $117,110,000 after buying an additional 102,003 shares during the period. South Dakota Investment Council raised its holdings in shares of QUALCOMM by 4.9% in the 1st quarter. South Dakota Investment Council now owns 17,187 shares of the wireless technology company’s stock valued at $2,279,000 after buying an additional 800 shares during the period. Finally, Verity & Verity LLC raised its holdings in shares of QUALCOMM by 14.6% in the 1st quarter. Verity & Verity LLC now owns 53,655 shares of the wireless technology company’s stock valued at $7,136,000 after buying an additional 6,825 shares during the period. Hedge funds and other institutional investors own 71.77% of the company’s stock.

Shares of NASDAQ QCOM traded down $0.13 during trading hours on Thursday, reaching $138.11. The stock had a trading volume of 271,522 shares, compared to its average volume of 8,861,006. The firm has a market cap of $155.79 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.94 and a beta of 1.29. The company has a current ratio of 1.72, a quick ratio of 1.45 and a debt-to-equity ratio of 1.67. QUALCOMM Incorporated has a fifty-two week low of $108.30 and a fifty-two week high of $167.94. The firm has a 50-day moving average of $144.02 and a 200-day moving average of $137.85.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 28th. The wireless technology company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.24. QUALCOMM had a return on equity of 102.31% and a net margin of 28.25%. The firm had revenue of $8.06 billion during the quarter, compared to analysts’ expectations of $7.58 billion. On average, equities analysts predict that QUALCOMM Incorporated will post 7.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 23rd. Shareholders of record on Thursday, September 2nd will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, September 1st. This represents a $2.72 dividend on an annualized basis and a yield of 1.97%. QUALCOMM’s payout ratio is 81.44%.

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group upgraded QUALCOMM from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $136.00 to $148.00 in a report on Monday, July 19th. KGI Securities started coverage on QUALCOMM in a report on Tuesday, June 29th. They set an “outperform” rating on the stock. Cowen upped their price target on QUALCOMM from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $190.00 price target on shares of QUALCOMM in a report on Monday, August 2nd. Finally, Mizuho upped their price target on QUALCOMM from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, July 29th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $167.81.

QUALCOMM Company Profile

QUALCOMM, Inc engages in the development, design, and provision of digital telecommunications products and services. It operates through the following 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 technologies for the use in 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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