Guardian Investment Management Trims Stake in QUALCOMM, Inc. (QCOM)

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Guardian Investment Management trimmed its position in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 5.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,190 shares of the wireless technology company’s stock after selling 600 shares during the period. Guardian Investment Management’s holdings in QUALCOMM were worth $636,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mathes Company Inc. lifted its holdings in shares of QUALCOMM by 190.0% during the 4th quarter. Mathes Company Inc. now owns 8,700 shares of the wireless technology company’s stock valued at $495,000 after buying an additional 5,700 shares during the last quarter. Epstein & White Financial LLC lifted its holdings in shares of QUALCOMM by 34.4% during the 4th 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 during the last quarter. Alliancebernstein L.P. lifted its holdings in QUALCOMM by 3.3% in the 3rd quarter. Alliancebernstein L.P. now owns 4,215,124 shares of the wireless technology company’s stock worth $303,615,000 after purchasing an additional 134,469 shares during the last quarter. First American Bank lifted its holdings in QUALCOMM by 4.5% in the 4th quarter. First American Bank now owns 27,282 shares of the wireless technology company’s stock worth $1,552,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. lifted its holdings in QUALCOMM by 7.9% in the 4th quarter. Ipswich Investment Management Co. Inc. now owns 5,125 shares of the wireless technology company’s stock worth $292,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 87.69% of the company’s stock.

In other news, EVP Donald J. Rosenberg sold 6,297 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $55.22, for a total transaction of $347,720.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James H. Thompson sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $50.75, for a total value of $2,030,000.00. Following the transaction, the executive vice president now owns 62,301 shares of the company’s stock, valued at $3,161,775.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,668 shares of company stock valued at $4,006,189. Corporate insiders own 0.11% of the company’s stock.

Several equities research analysts recently weighed in on QCOM shares. BidaskClub upgraded QUALCOMM from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Bank of America lowered QUALCOMM from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a report on Wednesday, October 31st. UBS Group boosted their target price on QUALCOMM from $62.00 to $67.00 and gave the stock a “neutral” rating in a report on Monday, November 5th. ValuEngine lowered QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, Cowen reduced their target price on QUALCOMM from $80.00 to $73.00 and set an “outperform” rating for the company in a report on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. QUALCOMM has a consensus rating of “Hold” and a consensus target price of $66.00.

Shares of QCOM stock opened at $52.45 on Thursday. QUALCOMM, Inc. has a 12 month low of $48.56 and a 12 month high of $76.50. The company has a market cap of $62.95 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.64 and a beta of 1.17. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.54 and a quick ratio of 1.38.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.11. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The company had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s quarterly revenue was down 21.3% compared to the same quarter last year. Equities analysts anticipate that QUALCOMM, Inc. will post 3.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th will be issued a dividend of $0.62 per share. The ex-dividend date is Wednesday, March 6th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.73%. QUALCOMM’s dividend payout ratio (DPR) is presently 77.74%.

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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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