Dowling & Yahnke LLC cut its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 162,448 shares of the wireless technology company’s stock after selling 1,903 shares during the quarter. QUALCOMM makes up about 0.9% of Dowling & Yahnke LLC’s holdings, making the stock its 26th biggest position. Dowling & Yahnke LLC’s holdings in QUALCOMM were worth $8,421,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Westwood Holdings Group Inc. bought a new stake in QUALCOMM in the 2nd quarter valued at $114,000. Krilogy Financial LLC boosted its holdings in QUALCOMM by 47.0% in the 2nd quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock valued at $129,000 after purchasing an additional 745 shares during the period. Capstone Investment Advisors Netherlands B.V. bought a new stake in QUALCOMM in the 2nd quarter valued at $141,000. Jacobi Capital Management LLC boosted its holdings in QUALCOMM by 7.8% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,767 shares of the wireless technology company’s stock valued at $154,000 after purchasing an additional 200 shares during the period. Finally, Penserra Capital Management LLC boosted its holdings in QUALCOMM by 40.7% in the 2nd quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock valued at $160,000 after purchasing an additional 842 shares during the period. Institutional investors and hedge funds own 76.23% of the company’s stock.

In related news, EVP Michelle M. Sterling sold 7,840 shares of QUALCOMM stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total transaction of $521,830.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matthew S. Grob sold 20,000 shares of QUALCOMM stock in a transaction dated 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. Insiders have sold a total of 72,989 shares of company stock valued at $4,678,794 over the last three months. 0.24% of the stock is currently owned by insiders.

QCOM has been the subject of a number of 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 report on Monday, November 13th. Zacks Investment Research raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Royal Bank of Canada increased their price target on shares of QUALCOMM from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Vetr downgraded shares of QUALCOMM from a “strong-buy” rating to a “hold” rating and set a $62.71 price target for the company. in a report on Monday, November 6th. Finally, ValuEngine downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. QUALCOMM has an average rating of “Hold” and a consensus target price of $67.14.

QUALCOMM, Inc. (NASDAQ:QCOM) opened at $68.02 on Thursday. QUALCOMM, Inc. has a 1-year low of $48.92 and a 1-year high of $69.28. The stock has a market cap of $100,270.00, a PE ratio of 41.22, a P/E/G ratio of 1.85 and a beta of 1.39. The company has a current ratio of 4.00, a quick ratio of 3.81 and a debt-to-equity ratio of 0.63.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, beating the 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 firm 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 firm posted $1.28 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. equities analysts predict that QUALCOMM, Inc. will post 3.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, February 27th. QUALCOMM’s dividend payout ratio is currently 138.18%.

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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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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