Windsor Group LTD Trims Stock Position in QUALCOMM, Inc. (NASDAQ:QCOM)

Windsor Group LTD lessened its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 11.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,658 shares of the wireless technology company’s stock after selling 1,432 shares during the quarter. Windsor Group LTD’s holdings in QUALCOMM were worth $789,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. raised its position in QUALCOMM by 1.4% in the 3rd quarter. Whittier Trust Co. now owns 87,050 shares of the wireless technology company’s stock valued at $6,640,000 after purchasing an additional 1,226 shares during the last quarter. Stephens Inc. AR raised its position in QUALCOMM by 4.4% in the 3rd quarter. Stephens Inc. AR now owns 71,950 shares of the wireless technology company’s stock valued at $5,488,000 after purchasing an additional 3,012 shares during the last quarter. Coastline Trust Co raised its position in QUALCOMM by 2.5% in the 3rd quarter. Coastline Trust Co now owns 35,455 shares of the wireless technology company’s stock valued at $2,705,000 after purchasing an additional 880 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in QUALCOMM by 10.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 21,666 shares of the wireless technology company’s stock valued at $1,653,000 after purchasing an additional 2,048 shares during the last quarter. Finally, Mechanics Bank Trust Department purchased a new stake in QUALCOMM in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 78.47% of the company’s stock.

QCOM traded up $0.66 during trading on Monday, hitting $78.34. The stock had a trading volume of 113,881 shares, compared to its average volume of 6,228,265. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.61 and a current ratio of 1.77. The firm has a market capitalization of $96.00 billion, a P/E ratio of 24.55, a PEG ratio of 1.88 and a beta of 1.59. The company’s 50-day moving average price is $77.21 and its 200 day moving average price is $74.39. QUALCOMM, Inc. has a twelve month low of $49.10 and a twelve month high of $90.34.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid 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 3.17%. QUALCOMM’s dividend payout ratio is currently 77.74%.

In other news, SVP Erin L. Polek sold 1,478 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $70.36, for a total transaction of $103,992.08. Following the transaction, the senior vice president now directly owns 1,386 shares of the company’s stock, valued at approximately $97,518.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark D. Mclaughlin purchased 2,705 shares of the stock in a transaction dated Wednesday, August 28th. The shares were bought at an average cost of $73.84 per share, for a total transaction of $199,737.20. Following the completion of the purchase, the director now owns 5,220 shares in the company, valued at $385,444.80. The disclosure for this purchase can be found here. Insiders sold a total of 11,985 shares of company stock worth $892,245 over the last three months. 0.11% of the stock is currently owned by corporate insiders.

QCOM has been the subject of several research reports. Barclays downgraded shares of QUALCOMM from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $90.00 to $75.00 in a research report on Thursday, July 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $79.00 price target on shares of QUALCOMM in a research report on Monday, July 22nd. Morgan Stanley set a $89.00 price target on shares of QUALCOMM and gave the company a “buy” rating in a research report on Wednesday, August 21st. TheStreet upgraded shares of QUALCOMM from a “c+” rating to a “b-” rating in a research report on Thursday, August 1st. Finally, DZ Bank reiterated a “sell” rating on shares of QUALCOMM in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $79.68.

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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