Global Wealth Management Investment Advisory Inc. trimmed its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 55.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,269 shares of the wireless technology company’s stock after selling 2,852 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in QUALCOMM were worth $129,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. HL Financial Services LLC increased its stake in shares of QUALCOMM by 0.6% in the first quarter. HL Financial Services LLC now owns 20,371 shares of the wireless technology company’s stock worth $1,162,000 after purchasing an additional 128 shares during the period. Harrington Investments INC grew its position in QUALCOMM by 1.1% during the first quarter. Harrington Investments INC now owns 13,751 shares of the wireless technology company’s stock worth $784,000 after buying an additional 150 shares in the last quarter. Evolution Wealth Advisors LLC grew its position in QUALCOMM by 4.6% during the first quarter. Evolution Wealth Advisors LLC now owns 3,518 shares of the wireless technology company’s stock worth $201,000 after buying an additional 154 shares in the last quarter. Atlas Brown Inc. grew its position in QUALCOMM by 3.5% during the first quarter. Atlas Brown Inc. now owns 5,305 shares of the wireless technology company’s stock worth $303,000 after buying an additional 179 shares in the last quarter. Finally, Berman Capital Advisors LLC grew its position in QUALCOMM by 18.3% during the first quarter. Berman Capital Advisors LLC now owns 1,166 shares of the wireless technology company’s stock worth $65,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 76.38% of the company’s stock.
In other news, President Cristiano R. Amon sold 13,466 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $60.00, for a total value of $807,960.00. Following the completion of the transaction, the president now owns 37,614 shares of the company’s stock, valued at approximately $2,256,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alexander H. Rogers sold 20,862 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $88.43, for a total transaction of $1,844,826.66. The disclosure for this sale can be found here. Insiders sold a total of 949,832 shares of company stock valued at $37,443,538 in the last three months. 0.11% of the stock is owned by company insiders.
QCOM stock traded down $1.16 during trading on Wednesday, hitting $70.08. The company had a trading volume of 3,883,596 shares, compared to its average volume of 18,790,480. The stock has a market capitalization of $83.51 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.52 and a beta of 1.59. QUALCOMM, Inc. has a 12 month low of $49.10 and a 12 month high of $90.34. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.55 and a quick ratio of 1.39.
QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, May 1st. The wireless technology company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.54 by $0.07. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.83 billion. QUALCOMM had a net margin of 11.57% and a return on equity of 56.69%. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. As a group, equities analysts expect that QUALCOMM, Inc. will post 3.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 6th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Wednesday, June 5th. QUALCOMM’s dividend payout ratio (DPR) is 77.74%.
ILLEGAL ACTIVITY WARNING: This story was originally posted by Rockland Register and is the sole property of of Rockland Register. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://rocklandregister.com/2019/06/12/global-wealth-management-investment-advisory-inc-sells-2852-shares-of-qualcomm-inc-nasdaqqcom.html.
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.
Further Reading: What is the Difference Between Common Shares and Convertible Shares?
Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM, Inc. (NASDAQ:QCOM).
Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter.