Schroder Investment Management Group Sells 1,285,787 Shares of QUALCOMM, Inc. (QCOM)

Schroder Investment Management Group decreased its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 22.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,567,356 shares of the wireless technology company’s stock after selling 1,285,787 shares during the period. Schroder Investment Management Group owned 0.31% of QUALCOMM worth $236,360,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QCOM. Westwood Holdings Group Inc. bought a new stake in QUALCOMM in the 2nd quarter valued at about $114,000. Krilogy Financial LLC lifted its position 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 last quarter. Capstone Investment Advisors Netherlands B.V. bought a new stake in QUALCOMM in the 2nd quarter valued at about $141,000. Jacobi Capital Management LLC lifted its position 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 last quarter. Finally, Penserra Capital Management LLC lifted its position 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 last quarter. 75.68% of the stock is owned by institutional investors.

Several equities analysts have commented on the stock. Northland Securities reissued a “buy” rating and set a $75.00 target price on shares of QUALCOMM in a research note on Thursday, February 1st. ValuEngine raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $76.42 price objective on the stock. in a research note on Thursday, February 1st. Zacks Investment Research cut shares of QUALCOMM from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Finally, Mizuho reissued a “buy” rating and issued a $75.00 target price (up from $65.00) on shares of QUALCOMM in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $68.25.

In related news, EVP Alexander H. Rogers sold 874 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $68.52, for a total transaction of $59,886.48. Following the completion of the sale, the executive vice president now directly owns 12,035 shares of the company’s stock, valued at approximately $824,638.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alexander H. Rogers sold 713 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $68.20, for a total value of $48,626.60. Following the sale, the executive vice president now directly owns 10,403 shares of the company’s stock, valued at $709,484.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,346 shares of company stock worth $3,499,504. Corporate insiders own 0.24% of the company’s stock.

Shares of QUALCOMM, Inc. (NASDAQ QCOM) traded up $0.89 during midday trading on Wednesday, reaching $66.59. 10,293,754 shares of the company traded hands, compared to its average volume of 11,430,000. The firm has a market cap of $98,580.00, a P/E ratio of -23.53, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. The company has a current ratio of 3.41, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81. QUALCOMM, Inc. has a 1-year low of $48.92 and a 1-year high of $69.28.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.07. QUALCOMM had a negative net margin of 18.65% and a positive return on equity of 18.10%. The business had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $5.93 billion. During the same quarter in the prior year, the company earned $1.19 EPS. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. research analysts predict that QUALCOMM, Inc. will post 2.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.28 dividend on an annualized basis and a yield of 3.42%. QUALCOMM’s payout ratio is presently -80.57%.

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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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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