Ken Stern & Associates Inc. Reduces Position in QUALCOMM, Inc. (QCOM)

Ken Stern & Associates Inc. lowered its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,569 shares of the wireless technology company’s stock after selling 4,191 shares during the period. QUALCOMM accounts for 0.4% of Ken Stern & Associates Inc.’s portfolio, making the stock its 28th largest holding. Ken Stern & Associates Inc.’s holdings in QUALCOMM were worth $869,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in QCOM. Westwood Holdings Group Inc. bought a new stake in QUALCOMM during the second quarter worth approximately $114,000. Gradient Investments LLC bought a new stake in QUALCOMM during the fourth quarter worth approximately $120,000. Cerebellum GP LLC bought a new stake in QUALCOMM during the fourth quarter worth approximately $126,000. 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 during the period. Finally, Capstone Investment Advisors Netherlands B.V. bought a new stake in QUALCOMM during the second quarter worth approximately $141,000. Hedge funds and other institutional investors own 77.96% of the company’s stock.

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A number of equities research analysts have issued reports on QCOM shares. ValuEngine cut QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Nomura raised QUALCOMM from a “neutral” rating to a “buy” rating and upped their target price for the stock from $58.00 to $75.00 in a research report on Tuesday, January 16th. Stifel Nicolaus cut QUALCOMM from a “buy” rating to a “hold” rating and upped their target price for the stock from $65.00 to $75.00 in a research report on Tuesday, November 28th. Vetr cut QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $76.42 target price for the company. in a research report on Thursday, February 1st. Finally, BidaskClub cut QUALCOMM from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have assigned a buy rating to the company. QUALCOMM currently has an average rating of “Hold” and a consensus price target of $68.05.

In related news, EVP Alexander H. Rogers sold 919 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $64.32, for a total value of $59,110.08. Following the completion of the transaction, the executive vice president now directly owns 11,116 shares of the company’s stock, valued at $714,981.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP James H. Thompson sold 50,126 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $62.66, for a total value of $3,140,895.16. Following the completion of the transaction, the executive vice president now directly owns 136,482 shares of the company’s stock, valued at $8,551,962.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,938 shares of company stock valued at $6,137,671. 0.17% of the stock is owned by company insiders.

QUALCOMM stock opened at $53.66 on Friday. The company has a market capitalization of $82,278.58, a price-to-earnings ratio of -18.89, a P/E/G ratio of 1.73 and a beta of 1.35. QUALCOMM, Inc. has a 12-month low of $48.92 and a 12-month high of $69.28. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.41 and a quick ratio of 3.25.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. The firm had revenue of $6.10 billion during the quarter, compared to analysts’ expectations of $5.93 billion. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. QUALCOMM’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $1.19 earnings per share. analysts predict that QUALCOMM, Inc. will post 2.8 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $2.28 annualized dividend and a yield of 4.25%. QUALCOMM’s dividend payout ratio (DPR) is currently -80.28%.

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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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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