Robeco Institutional Asset Management B.V. cut its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 13.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,017 shares of the wireless technology company’s stock after selling 26,725 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in QUALCOMM were worth $9,652,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P grew its position in shares of QUALCOMM by 0.4% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,783,314 shares of the wireless technology company’s stock worth $985,374,000 after buying an additional 77,817 shares during the period. Artisan Partners Limited Partnership grew its position in shares of QUALCOMM by 22.4% in the 1st quarter. Artisan Partners Limited Partnership now owns 11,014,540 shares of the wireless technology company’s stock worth $610,316,000 after buying an additional 2,018,241 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of QUALCOMM by 17.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 9,364,599 shares of the wireless technology company’s stock worth $518,893,000 after buying an additional 1,419,275 shares during the period. Eaton Vance Management grew its position in shares of QUALCOMM by 1.3% in the 1st quarter. Eaton Vance Management now owns 6,035,737 shares of the wireless technology company’s stock worth $334,441,000 after buying an additional 77,211 shares during the period. Finally, Thornburg Investment Management Inc. grew its position in shares of QUALCOMM by 3.3% in the 1st quarter. Thornburg Investment Management Inc. now owns 5,297,804 shares of the wireless technology company’s stock worth $293,551,000 after buying an additional 169,918 shares during the period. 77.42% of the stock is currently owned by hedge funds and other institutional investors.

QCOM opened at $65.76 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.62 and a debt-to-equity ratio of 0.67. The stock has a market cap of $95.23 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 1.91 and a beta of 1.57. QUALCOMM, Inc. has a 52-week low of $48.56 and a 52-week high of $69.28.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, July 25th. The wireless technology company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.30. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.19 billion. QUALCOMM had a negative net margin of 18.41% and a positive return on equity of 19.06%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. analysts expect that QUALCOMM, Inc. will post 3.12 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 5th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Tuesday, September 4th. QUALCOMM’s dividend payout ratio is currently 65.61%.

QUALCOMM declared that its board has initiated a stock buyback plan on Wednesday, May 9th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the wireless technology company to reacquire up to 12.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

QCOM has been the topic of several recent analyst reports. Cowen raised shares of QUALCOMM from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $64.00 to $80.00 in a research report on Monday, August 6th. BidaskClub raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Zacks Investment Research raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Monday, July 30th. Canaccord Genuity increased their price objective on shares of QUALCOMM from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Finally, KeyCorp increased their price objective on shares of QUALCOMM from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $66.80.

In other QUALCOMM news, EVP Alexander H. Rogers sold 1,052 shares of the company’s stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $59.55, for a total transaction of $62,646.60. Following the transaction, the executive vice president now owns 8,787 shares in the company, valued at approximately $523,265.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alexander H. Rogers sold 828 shares of the company’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $63.40, for a total transaction of $52,495.20. Following the transaction, the executive vice president now owns 7,170 shares in the company, valued at approximately $454,578. The disclosure for this sale can be found here. Insiders have sold a total of 2,669 shares of company stock worth $159,760 in the last 90 days. Company insiders own 0.24% of the company’s stock.

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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