Mirador Capital Partners LP Grows Stock Holdings in QUALCOMM, Inc. (NASDAQ:QCOM)

Mirador Capital Partners LP raised its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 5.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,754 shares of the wireless technology company’s stock after buying an additional 228 shares during the period. Mirador Capital Partners LP’s holdings in QUALCOMM were worth $362,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Weaver Consulting Group acquired a new position in shares of QUALCOMM during the first quarter valued at about $25,000. Farmers National Bank acquired a new position in shares of QUALCOMM during the first quarter valued at about $26,000. Meridian Wealth Management LLC acquired a new position in shares of QUALCOMM during the first quarter valued at about $26,000. Ibex Wealth Advisors acquired a new position in shares of QUALCOMM during the second quarter valued at about $28,000. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in shares of QUALCOMM during the first quarter valued at about $29,000. 79.55% of the stock is owned by institutional investors and hedge funds.

QUALCOMM stock traded down $3.63 during mid-day trading on Friday, hitting $73.52. The company had a trading volume of 13,932,117 shares, compared to its average volume of 10,876,530. The company has a current ratio of 1.77, a quick ratio of 1.61 and a debt-to-equity ratio of 2.46. QUALCOMM, Inc. has a 12-month low of $49.10 and a 12-month high of $90.34. The company’s fifty day moving average is $73.95 and its 200-day moving average is $68.07. The company has a market capitalization of $93.24 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 2.08 and a beta of 1.62.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. QUALCOMM had a return on equity of 112.21% and a net margin of 13.41%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. The business’s quarterly revenue was down 12.7% compared to the same quarter last year. As a group, sell-side analysts expect that QUALCOMM, Inc. will post 2.88 EPS for the current fiscal year.

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

In other QUALCOMM news, SVP Erin L. Polek sold 1,478 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $70.36, for a total value of $103,992.08. Following the sale, the senior vice president now owns 1,386 shares in the company, valued at approximately $97,518.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

Several research firms have recently issued reports on QCOM. BidaskClub upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Daiwa Capital Markets began coverage on shares of QUALCOMM in a report on Thursday, July 18th. They set a “neutral” rating on the stock. Canaccord Genuity cut their price objective on shares of QUALCOMM from $90.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. TheStreet upgraded shares of QUALCOMM from a “c+” rating to a “b-” rating in a report on Thursday, August 1st. Finally, Goldman Sachs Group assumed coverage on shares of QUALCOMM in a report on Thursday, May 23rd. They issued a “neutral” rating and a $73.00 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $79.69.

QUALCOMM 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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