Nisa Investment Advisors LLC Decreases Stake in QUALCOMM, Inc. (NASDAQ:QCOM)

Nisa Investment Advisors LLC reduced its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 1.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 463,503 shares of the wireless technology company’s stock after selling 4,717 shares during the period. Nisa Investment Advisors LLC’s holdings in QUALCOMM were worth $35,356,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of QCOM. Meeder Asset Management Inc. lifted its holdings in QUALCOMM by 19.9% in the third quarter. Meeder Asset Management Inc. now owns 87,720 shares of the wireless technology company’s stock worth $6,692,000 after acquiring an additional 14,583 shares during the last quarter. Amarillo National Bank increased its stake in shares of QUALCOMM by 6.1% in the third quarter. Amarillo National Bank now owns 6,610 shares of the wireless technology company’s stock valued at $504,000 after purchasing an additional 380 shares during the period. Tradewinds Capital Management LLC increased its stake in shares of QUALCOMM by 23.1% in the third quarter. Tradewinds Capital Management LLC now owns 1,124 shares of the wireless technology company’s stock valued at $86,000 after purchasing an additional 211 shares during the period. Wealthcare Advisory Partners LLC increased its stake in shares of QUALCOMM by 8.6% in the third quarter. Wealthcare Advisory Partners LLC now owns 1,862 shares of the wireless technology company’s stock valued at $142,000 after purchasing an additional 147 shares during the period. Finally, Mission Wealth Management LP increased its stake in shares of QUALCOMM by 19.2% in the third quarter. Mission Wealth Management LP now owns 5,615 shares of the wireless technology company’s stock valued at $428,000 after purchasing an additional 903 shares during the period. 78.52% of the stock is owned by institutional investors.

Shares of NASDAQ QCOM traded down $0.92 during mid-day trading on Friday, reaching $78.05. 3,090,733 shares of the company traded hands, compared to its average volume of 6,146,177. QUALCOMM, Inc. has a fifty-two week low of $49.10 and a fifty-two week high of $90.34. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.77 and a quick ratio of 1.61. The firm has a market cap of $94.60 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 1.85 and a beta of 1.59. The stock has a fifty day simple moving average of $77.14 and a 200-day simple moving average of $74.28.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.12 billion. QUALCOMM had a net margin of 13.41% and a return on equity of 112.21%. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 earnings per share. As a group, analysts predict that QUALCOMM, Inc. will post 2.84 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $2.48 annualized dividend and a yield of 3.18%. QUALCOMM’s dividend payout ratio (DPR) is 77.74%.

Several equities research analysts have commented on the stock. ValuEngine lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. DZ Bank restated a “sell” rating on shares of QUALCOMM in a research note on Friday, August 2nd. BidaskClub upgraded shares of QUALCOMM from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 7th. Barclays lowered shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $90.00 to $75.00 in a research note on Thursday, July 18th. Finally, TheStreet upgraded shares of QUALCOMM from a “c+” rating to a “b-” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $79.68.

In other QUALCOMM news, SVP Erin L. Polek sold 1,478 shares of QUALCOMM stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $70.36, for a total value of $103,992.08. Following the transaction, the senior vice president now owns 1,386 shares in the company, valued at $97,518.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michelle M. Sterling sold 10,398 shares of QUALCOMM stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $75.01, for a total transaction of $779,953.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,985 shares of company stock worth $892,245. 0.11% of the stock is currently owned by company insiders.

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.

Read More: Capital Gains Distribution

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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