Sandy Spring Bank decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,523 shares of the wireless technology company’s stock after selling 4,563 shares during the period. Sandy Spring Bank’s holdings in QUALCOMM were worth $5,938,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. United Asset Strategies Inc. purchased a new position in QUALCOMM during the second quarter worth about $5,249,000. Stifel Financial Corp raised its holdings in QUALCOMM by 47.4% during the first quarter. Stifel Financial Corp now owns 2,932,964 shares of the wireless technology company’s stock worth $168,002,000 after purchasing an additional 943,026 shares in the last quarter. Private Asset Management Inc. raised its holdings in QUALCOMM by 0.5% during the second quarter. Private Asset Management Inc. now owns 736,973 shares of the wireless technology company’s stock worth $40,696,000 after purchasing an additional 4,028 shares in the last quarter. Pacer Advisors Inc. raised its holdings in QUALCOMM by 18.1% during the first quarter. Pacer Advisors Inc. now owns 67,369 shares of the wireless technology company’s stock worth $3,863,000 after purchasing an additional 10,336 shares in the last quarter. Finally, RPG Investment Advisory LLC purchased a new position in QUALCOMM during the first quarter worth about $4,876,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

QCOM has been the subject of several analyst reports. BidaskClub cut shares of QUALCOMM from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Sanford C. Bernstein reissued a “market perform” rating on shares of QUALCOMM in a report on Tuesday, July 25th. ValuEngine cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Wells Fargo & Company reissued an “outperform” rating on shares of QUALCOMM in a report on Monday, July 31st. Finally, Zacks Investment Research raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Two equities research 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. The company currently has an average rating of “Hold” and a consensus price target of $65.42.

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In other news, EVP Michelle M. Sterling sold 4,740 shares of the firm’s stock in a transaction on 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 SEC, which is accessible through this link. Also, EVP Matthew S. Grob sold 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $60.44, for a total transaction of $1,208,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 25,837 shares of company stock worth $1,512,049. Insiders own 0.17% of the company’s stock.

QUALCOMM Incorporated (NASDAQ:QCOM) opened at $66.72 on Friday. QUALCOMM Incorporated has a one year low of $48.92 and a one year high of $70.24. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63. The company has a market cap of $98,356.30, a price-to-earnings ratio of 17.65, a PEG ratio of 1.87 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.22. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the firm posted $1.28 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. sell-side analysts forecast that QUALCOMM Incorporated will post 3.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Tuesday, November 28th. QUALCOMM’s dividend payout ratio is presently 138.18%.

QUALCOMM Company 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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