Skba Capital Management LLC Has $15.23 Million Position in QUALCOMM, Inc. (QCOM)

Skba Capital Management LLC trimmed its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 293,750 shares of the wireless technology company’s stock after selling 900 shares during the period. QUALCOMM comprises 2.2% of Skba Capital Management LLC’s holdings, making the stock its 16th largest position. Skba Capital Management LLC’s holdings in QUALCOMM were worth $15,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Westwood Holdings Group Inc. purchased a new position in QUALCOMM during the second quarter worth approximately $114,000. Krilogy Financial LLC boosted its position in QUALCOMM by 47.0% during the second quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock worth $129,000 after purchasing an additional 745 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new position in QUALCOMM during the second quarter worth approximately $141,000. Jacobi Capital Management LLC boosted its position in QUALCOMM by 7.8% during the second quarter. Jacobi Capital Management LLC now owns 2,767 shares of the wireless technology company’s stock worth $154,000 after purchasing an additional 200 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its position in QUALCOMM by 40.7% during the second quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock worth $160,000 after purchasing an additional 842 shares in the last quarter. 76.23% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM, Inc. (NASDAQ:QCOM) opened at $68.02 on Thursday. QUALCOMM, Inc. has a 1 year low of $48.92 and a 1 year high of $69.28. The company has a market capitalization of $100,270.00, a P/E ratio of 41.22, a P/E/G ratio of 1.94 and a beta of 1.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.81 and a current ratio of 4.00.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the business posted $1.28 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year. analysts forecast that QUALCOMM, Inc. will post 3.07 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.28 dividend on an annualized basis and a yield of 3.35%. QUALCOMM’s payout ratio is 138.18%.

A number of equities analysts have issued reports on QCOM shares. BMO Capital Markets increased their price target on QUALCOMM from $55.00 to $57.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. UBS Group upgraded QUALCOMM from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 8th. Royal Bank of Canada increased their price target on QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Canaccord Genuity increased their price target on QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. Finally, Mizuho reiterated a “buy” rating on shares of QUALCOMM in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. QUALCOMM has a consensus rating of “Hold” and a consensus price target of $67.14.

In other QUALCOMM news, EVP Michelle M. Sterling sold 7,840 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total transaction of $521,830.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alexander H. Rogers sold 874 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $68.52, for a total value of $59,886.48. Following the sale, the executive vice president now directly owns 12,035 shares of the company’s stock, valued at approximately $824,638.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,989 shares of company stock worth $4,678,794. 0.17% of the stock is currently owned by company insiders.

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QUALCOMM Profile

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.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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