QUALCOMM, Inc. (QCOM) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,982 shares of the wireless technology company’s stock after buying an additional 3,854 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in QUALCOMM were worth $6,265,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Telemus Capital LLC boosted its holdings in QUALCOMM by 8.7% during the second quarter. Telemus Capital LLC now owns 9,860 shares of the wireless technology company’s stock worth $553,000 after purchasing an additional 787 shares during the last quarter. Ascension Asset Management LLC boosted its holdings in QUALCOMM by 3.2% during the second quarter. Ascension Asset Management LLC now owns 25,542 shares of the wireless technology company’s stock worth $1,433,000 after purchasing an additional 800 shares during the last quarter. Accurate Investment Solutions Inc. boosted its holdings in QUALCOMM by 1.3% during the third quarter. Accurate Investment Solutions Inc. now owns 62,870 shares of the wireless technology company’s stock worth $4,529,000 after purchasing an additional 804 shares during the last quarter. KCM Investment Advisors LLC boosted its holdings in QUALCOMM by 7.8% during the second quarter. KCM Investment Advisors LLC now owns 11,113 shares of the wireless technology company’s stock worth $624,000 after purchasing an additional 808 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in QUALCOMM by 2.9% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 29,757 shares of the wireless technology company’s stock worth $1,670,000 after purchasing an additional 825 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

NASDAQ QCOM opened at $56.72 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.62 and a current ratio of 2.73. QUALCOMM, Inc. has a 1 year low of $48.56 and a 1 year high of $76.50. The firm has a market cap of $93.48 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.98 and a beta of 1.69.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 7th. The wireless technology company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.20. QUALCOMM had a negative net margin of 18.41% and a positive return on equity of 19.06%. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. Equities research analysts anticipate that QUALCOMM, Inc. will post 2.8 EPS for the current year.

QUALCOMM announced that its board has initiated a stock buyback program on Thursday, July 26th that permits the company to buyback $30.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to repurchase up to 34.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, December 6th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Wednesday, December 5th. QUALCOMM’s dividend payout ratio (DPR) is currently 77.74%.

In other QUALCOMM news, EVP Alexander H. Rogers sold 1,306 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $67.37, for a total transaction of $87,985.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Cristiano R. Amon sold 88,625 shares of the company’s stock in a transaction on Wednesday, October 10th. The stock was sold at an average price of $68.81, for a total transaction of $6,098,286.25. Following the sale, the president now directly owns 58,045 shares in the company, valued at $3,994,076.45. The disclosure for this sale can be found here. Insiders have sold 91,638 shares of company stock worth $6,302,079 over the last ninety days. Insiders own 0.17% of the company’s stock.

QCOM has been the subject of several recent research reports. Deutsche Bank increased their target price on shares of QUALCOMM to $60.00 and gave the stock a “hold” rating in a report on Monday, July 23rd. ValuEngine upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. Cowen increased their target price on shares of QUALCOMM from $58.00 to $64.00 and gave the stock a “market perform” rating in a report on Thursday, July 26th. Stifel Nicolaus increased their target price on shares of QUALCOMM from $54.00 to $58.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Finally, BMO Capital Markets increased their target price on shares of QUALCOMM to $64.00 and gave the stock a “market perform” rating in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.86.

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QUALCOMM Company Profile

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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