SSI Investment Management Inc. Sells 65 Shares of QUALCOMM Incorporated (QCOM)

SSI Investment Management Inc. decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,837 shares of the wireless technology company’s stock after selling 65 shares during the period. SSI Investment Management Inc.’s holdings in QUALCOMM were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of QCOM. Destination Wealth Management grew its holdings in QUALCOMM by 7.7% in the second quarter. Destination Wealth Management now owns 176,668 shares of the wireless technology company’s stock worth $9,756,000 after purchasing an additional 12,570 shares during the last quarter. BlueMountain Capital Management LLC grew its holdings in QUALCOMM by 281.8% in the second quarter. BlueMountain Capital Management LLC now owns 77,106 shares of the wireless technology company’s stock worth $4,258,000 after purchasing an additional 56,911 shares during the last quarter. Amalgamated Bank grew its holdings in QUALCOMM by 58.6% in the second quarter. Amalgamated Bank now owns 166,653 shares of the wireless technology company’s stock worth $9,203,000 after purchasing an additional 61,550 shares during the last quarter. Check Capital Management Inc. CA grew its holdings in QUALCOMM by 1.9% in the second quarter. Check Capital Management Inc. CA now owns 1,122,371 shares of the wireless technology company’s stock worth $61,977,000 after purchasing an additional 21,223 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in QUALCOMM by 114.9% in the second quarter. Bahl & Gaynor Inc. now owns 1,249,848 shares of the wireless technology company’s stock worth $81,490,000 after purchasing an additional 668,306 shares during the last quarter. 76.93% of the stock is owned by institutional investors.

Shares of QUALCOMM Incorporated (NASDAQ QCOM) opened at $66.72 on Friday. QUALCOMM Incorporated has a one year low of $48.92 and a one year high of $70.24. The stock has a market cap of $97,460.00, a PE ratio of 17.46, a P/E/G ratio of 1.85 and a beta of 1.26. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.22. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the prior year, the company earned $1.28 EPS. QUALCOMM’s revenue was down 3.5% compared to the same quarter last year. equities analysts expect that QUALCOMM Incorporated will post 3.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.57 per share. The ex-dividend date is Tuesday, November 28th. This represents a $2.28 annualized dividend and a yield of 3.42%. QUALCOMM’s dividend payout ratio is presently 138.18%.

Several equities analysts have issued reports on the stock. Sanford C. Bernstein reaffirmed a “hold” rating on shares of QUALCOMM in a report on Monday, November 13th. UBS AG raised shares of QUALCOMM from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 8th. Raymond James Financial, Inc. raised shares of QUALCOMM from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a report on Wednesday, November 8th. Zacks Investment Research raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada raised shares of QUALCOMM from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $55.00 to $70.00 in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $65.42.

In related news, EVP Michelle M. Sterling sold 4,740 shares of the company’s stock in a transaction dated 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 available at this link. Also, EVP Matthew S. Grob sold 20,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $60.44, for a total transaction of $1,208,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,837 shares of company stock valued at $1,512,049. 0.17% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: “SSI Investment Management Inc. Sells 65 Shares of QUALCOMM Incorporated (QCOM)” was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://transcriptdaily.com/2017/11/18/ssi-investment-management-inc-sells-65-shares-of-qualcomm-incorporated-qcom.html.

QUALCOMM Company 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)

Receive News & Ratings for QUALCOMM Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply