Sterling Investment Advisors Ltd. lessened its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 33.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,050 shares of the wireless technology company’s stock after selling 521 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in QUALCOMM were worth $80,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of QCOM. Weaver Consulting Group acquired a new stake in shares of QUALCOMM during the 1st quarter worth $25,000. Farmers National Bank acquired a new stake in shares of QUALCOMM during the 1st quarter worth $26,000. Meridian Wealth Management LLC acquired a new stake in QUALCOMM in the 1st quarter valued at $26,000. Ibex Wealth Advisors acquired a new stake in QUALCOMM in the 2nd quarter valued at $28,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in QUALCOMM in the 1st quarter valued at $29,000. 79.55% of the stock is currently owned by institutional investors.

NASDAQ:QCOM traded down $3.63 on Friday, reaching $73.52. The stock had a trading volume of 13,932,117 shares, compared to its average volume of 10,871,547. The company has a current ratio of 1.77, a quick ratio of 1.61 and a debt-to-equity ratio of 2.46. The company has a 50-day moving average of $73.95 and a 200 day moving average of $68.07. The stock has a market cap of $93.79 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 2.10 and a beta of 1.62. QUALCOMM, Inc. has a 12-month low of $49.10 and a 12-month high of $90.34.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. QUALCOMM had a net margin of 13.41% and a return on equity of 112.21%. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same period in the prior year, the company posted $1.01 EPS. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, equities analysts predict that QUALCOMM, Inc. will post 2.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, September 11th. This represents a $2.48 annualized dividend and a dividend yield of 3.37%. QUALCOMM’s payout ratio is 77.74%.

In other news, SVP Erin L. Polek sold 1,478 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $70.36, for a total transaction of $103,992.08. Following the transaction, the senior vice president now owns 1,386 shares of the company’s stock, valued at $97,518.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Several analysts recently issued reports on QCOM shares. JPMorgan Chase & Co. increased their price target on QUALCOMM from $88.00 to $96.00 and gave the company a “positive” rating in a report on Thursday, May 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price target (up from $96.00) on shares of QUALCOMM in a report on Thursday, May 2nd. Edward Jones downgraded QUALCOMM from a “hold” rating to a “sell” rating and set a $69.31 price target for the company. in a report on Thursday, May 23rd. Canaccord Genuity lowered their price target on QUALCOMM from $90.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Barclays downgraded QUALCOMM from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $90.00 to $75.00 in a report on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. QUALCOMM has an average rating of “Buy” and a consensus target price of $79.69.


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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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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