Sigma Planning Corp Has $1.85 Million Position in QUALCOMM Incorporated (QCOM)

Sigma Planning Corp boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,505 shares of the wireless technology company’s stock after purchasing an additional 1,452 shares during the period. Sigma Planning Corp’s holdings in QUALCOMM were worth $1,850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Jacobi Capital Management LLC lifted its holdings in QUALCOMM by 10.8% during the 1st quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock worth $145,000 after buying an additional 250 shares during the last quarter. Alpha Windward LLC lifted its holdings in QUALCOMM by 6.1% during the 2nd quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock worth $148,000 after buying an additional 153 shares during the last quarter. Welch Group LLC lifted its holdings in QUALCOMM by 2.3% during the 1st quarter. Welch Group LLC now owns 3,037 shares of the wireless technology company’s stock worth $174,000 after buying an additional 69 shares during the last quarter. American National Bank lifted its holdings in QUALCOMM by 28.7% during the 2nd quarter. American National Bank now owns 3,637 shares of the wireless technology company’s stock worth $201,000 after buying an additional 812 shares during the last quarter. Finally, Ronald Blue & Co. LLC lifted its holdings in QUALCOMM by 0.5% during the 2nd quarter. Ronald Blue & Co. LLC now owns 3,760 shares of the wireless technology company’s stock worth $208,000 after buying an additional 18 shares during the last quarter. 76.92% of the stock is owned by hedge funds and other institutional investors.

In other QUALCOMM news, EVP Michelle M. Sterling sold 4,740 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $51.88, for a total transaction of $245,911.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 5,810 shares of company stock valued at $301,596 in the last quarter. Corporate insiders own 0.17% of the company’s stock.

A number of research analysts have commented on the company. Northland Securities downgraded QUALCOMM from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $75.00 to $62.50 in a report on Wednesday, June 28th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of QUALCOMM in a report on Tuesday, June 27th. Stifel Nicolaus reaffirmed a “buy” rating on shares of QUALCOMM in a report on Thursday. ValuEngine downgraded QUALCOMM from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $55.00 target price on shares of QUALCOMM in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.00.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.25 billion. QUALCOMM had a net margin of 17.26% and a return on equity of 19.64%. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Tuesday, November 28th. QUALCOMM’s payout ratio is 87.36%.

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About QUALCOMM

QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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