QUALCOMM, Inc. (QCOM) Shares Sold by American National Registered Investment Advisor Inc.
American National Registered Investment Advisor Inc. decreased its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 33.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,793 shares of the wireless technology company’s stock after selling 5,450 shares during the period. American National Registered Investment Advisor Inc.’s holdings in QUALCOMM were worth $777,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in QUALCOMM by 13.4% in the second quarter. Bank of New York Mellon Corp now owns 20,853,688 shares of the wireless technology company’s stock worth $1,170,308,000 after acquiring an additional 2,463,511 shares during the period. Parnassus Investments CA raised its position in QUALCOMM by 3.6% in the second quarter. Parnassus Investments CA now owns 10,150,000 shares of the wireless technology company’s stock worth $569,618,000 after acquiring an additional 350,000 shares during the period. Schwab Charles Investment Management Inc. raised its position in QUALCOMM by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 9,687,604 shares of the wireless technology company’s stock worth $543,669,000 after acquiring an additional 323,005 shares during the period. Waddell & Reed Financial Inc. raised its position in QUALCOMM by 18.8% in the second quarter. Waddell & Reed Financial Inc. now owns 5,029,933 shares of the wireless technology company’s stock worth $282,280,000 after acquiring an additional 794,924 shares during the period. Finally, Swiss National Bank raised its position in QUALCOMM by 3.5% in the second quarter. Swiss National Bank now owns 4,894,065 shares of the wireless technology company’s stock worth $274,655,000 after acquiring an additional 164,400 shares during the period. Institutional investors own 89.45% of the company’s stock.
In other QUALCOMM news, EVP Alexander H. Rogers sold 853 shares of QUALCOMM stock in a transaction on Monday, October 29th. The shares were sold at an average price of $63.50, for a total value of $54,165.50. Following the completion of the transaction, the executive vice president now directly owns 4,344 shares of the company’s stock, valued at approximately $275,844. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alexander H. Rogers sold 854 shares of QUALCOMM stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $72.18, for a total transaction of $61,641.72. Following the completion of the transaction, the executive vice president now directly owns 5,197 shares of the company’s stock, valued at $375,119.46. The disclosure for this sale can be found here. Insiders sold a total of 91,638 shares of company stock valued at $6,302,079 over the last three months. Corporate insiders own 0.24% of the company’s stock.
Shares of NASDAQ:QCOM opened at $54.92 on Wednesday. QUALCOMM, Inc. has a 52 week low of $48.56 and a 52 week high of $76.50. The firm has a market capitalization of $67.74 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 1.38 and a beta of 1.69. The company has a debt-to-equity ratio of 16.56, a current ratio of 1.55 and a quick ratio of 1.40.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 7th. The wireless technology company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.20. QUALCOMM had a negative net margin of 21.40% and a positive return on equity of 26.21%. The business had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same period last year, the company posted $0.92 EPS. The business’s revenue was down 2.1% on a year-over-year basis. As a group, research analysts expect that QUALCOMM, Inc. will post 3.53 EPS for the current fiscal year.
QUALCOMM declared that its Board of Directors has approved a share repurchase program on Thursday, July 26th that allows the company to repurchase $30.00 billion in shares. This repurchase authorization allows the wireless technology company to repurchase up to 34.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.52%. QUALCOMM’s payout ratio is currently 77.74%.
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QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three 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 code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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