QUALCOMM, Inc. (NASDAQ:QCOM) Shares Bought by Linscomb & Williams Inc.

Linscomb & Williams Inc. increased its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,976 shares of the wireless technology company’s stock after acquiring an additional 1,758 shares during the period. Linscomb & Williams Inc.’s holdings in QUALCOMM were worth $4,105,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ACG Wealth lifted its position in QUALCOMM by 2.6% during the first quarter. ACG Wealth now owns 7,749 shares of the wireless technology company’s stock valued at $442,000 after buying an additional 197 shares in the last quarter. Conning Inc. lifted its position in QUALCOMM by 5.7% during the first quarter. Conning Inc. now owns 826,550 shares of the wireless technology company’s stock valued at $47,138,000 after buying an additional 44,907 shares in the last quarter. World Asset Management Inc lifted its position in QUALCOMM by 18.5% during the first quarter. World Asset Management Inc now owns 91,562 shares of the wireless technology company’s stock valued at $5,222,000 after buying an additional 14,322 shares in the last quarter. Epstein & White Financial LLC lifted its position in QUALCOMM by 34.4% during the fourth quarter. Epstein & White Financial LLC now owns 9,752 shares of the wireless technology company’s stock valued at $555,000 after buying an additional 2,495 shares in the last quarter. Finally, Regent Investment Management LLC lifted its position in QUALCOMM by 12.5% during the first quarter. Regent Investment Management LLC now owns 4,492 shares of the wireless technology company’s stock valued at $256,000 after buying an additional 500 shares in the last quarter. 76.27% of the stock is currently owned by institutional investors and hedge funds.

In other QUALCOMM news, EVP Michelle M. Sterling sold 5,560 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $86.44, for a total transaction of $480,606.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. In the last 90 days, insiders sold 949,832 shares of company stock valued at $37,443,538. Insiders own 0.11% of the company’s stock.

QCOM has been the topic of a number of recent research reports. Macquarie set a $90.00 price target on shares of QUALCOMM and gave the company a “buy” rating in a research report on Thursday, May 23rd. ValuEngine raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Bank of America raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $105.00 in a research report on Thursday, May 2nd. Deutsche Bank reissued a “hold” rating on shares of QUALCOMM in a research report on Monday, April 29th. Finally, Mizuho cut shares of QUALCOMM from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $65.00 in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. QUALCOMM currently has a consensus rating of “Buy” and an average price target of $79.68.

Shares of NASDAQ:QCOM traded up $0.64 during midday trading on Friday, reaching $76.07. The company had a trading volume of 9,423,491 shares, compared to its average volume of 18,121,998. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.55 and a quick ratio of 1.39. The company’s fifty day simple moving average is $72.71. The stock has a market cap of $91.42 billion, a PE ratio of 23.85, a P/E/G ratio of 1.66 and a beta of 1.59. QUALCOMM, Inc. has a one year low of $49.10 and a one year high of $90.34.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, May 1st. The wireless technology company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.83 billion. QUALCOMM had a net margin of 11.57% and a return on equity of 56.69%. The business’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. As a group, equities analysts anticipate that QUALCOMM, Inc. will post 3.3 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 6th were paid a $0.62 dividend. The ex-dividend date was Wednesday, June 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.26%. QUALCOMM’s dividend payout ratio (DPR) is presently 77.74%.

About QUALCOMM

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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