Fisher Asset Management LLC raised its position in Qualcomm Inc. (NASDAQ:QCOM) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,691,241 shares of the wireless technology company’s stock after buying an additional 5,436 shares during the period. Qualcomm accounts for about 1.2% of Fisher Asset Management LLC’s holdings, making the stock its 27th largest position. Fisher Asset Management LLC’s holdings in Qualcomm were worth $663,850,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sterling Global Strategies LLC raised its stake in shares of Qualcomm by 0.4% in the second quarter. Sterling Global Strategies LLC now owns 3,951 shares of the wireless technology company’s stock worth $211,000 after buying an additional 17 shares during the last quarter. Delphi Private Advisors LLC raised its stake in shares of Qualcomm by 0.4% in the second quarter. Delphi Private Advisors LLC now owns 4,371 shares of the wireless technology company’s stock worth $234,000 after buying an additional 19 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Qualcomm by 1.0% in the second quarter. Sunbelt Securities Inc. now owns 2,468 shares of the wireless technology company’s stock worth $132,000 after buying an additional 24 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Qualcomm by 0.5% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,896 shares of the wireless technology company’s stock worth $262,000 after buying an additional 25 shares during the last quarter. Finally, Greenwich Wealth Management LLC raised its stake in shares of Qualcomm by 0.4% in the second quarter. Greenwich Wealth Management LLC now owns 5,851 shares of the wireless technology company’s stock worth $313,000 after buying an additional 26 shares during the last quarter. Institutional investors own 78.54% of the company’s stock.

Institutional Ownership by Quarter for Qualcomm (NASDAQ:QCOM)

Shares of Qualcomm Inc. (NASDAQ:QCOM) opened at 66.77 on Wednesday. Qualcomm Inc. has a 1-year low of $42.24 and a 1-year high of $71.62. The firm has a market capitalization of $98.61 billion, a PE ratio of 17.52 and a beta of 1.36. The company has a 50-day moving average of $67.23 and a 200-day moving average of $60.96.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 2nd. The wireless technology company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.15. The company had revenue of $9.17 billion for the quarter, compared to analyst estimates of $5.84 billion. Qualcomm had a net margin of 24.22% and a return on equity of 19.31%. The business’s revenue for the quarter was up 68.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Equities research analysts predict that Qualcomm Inc. will post $4.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $2.12 dividend on an annualized basis and a yield of 3.18%. Qualcomm’s dividend payout ratio (DPR) is presently 55.64%.

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Several brokerages have recently issued reports on QCOM. Sanford C. Bernstein reiterated a “hold” rating on shares of Qualcomm in a research note on Thursday, October 13th. Pacific Crest reissued a “buy” rating and set a $83.00 price objective on shares of Qualcomm in a report on Thursday, November 3rd. Vetr cut shares of Qualcomm from a “strong-buy” rating to a “buy” rating and set a $69.01 price objective for the company. in a report on Monday, September 19th. Credit Suisse Group AG reissued a “buy” rating and set a $70.00 price objective on shares of Qualcomm in a report on Wednesday, August 3rd. Finally, Royal Bank Of Canada boosted their price objective on shares of Qualcomm from $59.00 to $70.00 and gave the company a “sector perform” rating in a report on Monday, October 3rd. Seventeen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Qualcomm presently has an average rating of “Buy” and an average price target of $66.05.

In related news, President Derek K. Aberle sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $63.55, for a total value of $953,250.00. Following the completion of the transaction, the president now directly owns 33,631 shares of the company’s stock, valued at $2,137,250.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michelle M. Sterling sold 9,810 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $66.53, for a total value of $652,659.30. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

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.

5 Day Chart for NASDAQ:QCOM

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