Sterling Sells 5509 Shares of QUALCOMM, Inc

Posted May 24, 2017

(NASDAQ:QCOM) by 0.3% during the first quarter, according to its most recent Form 13F filing with the SEC. Balyasny Asset Mngmt Ltd Limited Liability Company stated it has 204,239 shares or 0.07% of all its holdings. 10,701 QUALCOMM, Inc. (NASDAQ:QCOM) shares with value of $588,767 were sold by Rosenberg Donald J. Aetna Inc. PA purchased a new stake in shares of QUALCOMM during the fourth quarter worth about $12,411,000. The Bremer Trust National Association holds 14,822 shares with $966,000 value, up from 6,922 last quarter. American National Bank increased its position in shares of QUALCOMM by 41.0% in the first quarter. This recommendation lands on a scale between 1 and 5. First Merchants Corp boosted its stake in shares of QUALCOMM by 7.4% in the third quarter. The institutional investor owned 147,876 shares of the wireless technology company's stock after buying an additional 38,230 shares during the period. (NASDAQ:QCOM). Moreover, Ramsay Stattman Vela And Price has 0.24% invested in QUALCOMM, Inc. Seaward Management Limited Partnership boosted its stake in QUALCOMM by 0.6% in the third quarter. The average 1-year price target for The Blackstone Group L.P. (BX) reveals an average price target of $35.19 per share. Finally, Loomis Sayles & Co. Following the transaction, the executive vice president now directly owns 76,246 shares of the company's stock, valued at $4,005,202.38.

Raymond James Trust N.A. raised its stake in QUALCOMM, Inc.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, April 19th. QUALCOMM, Inc. has a 52 week low of $50.84 and a 52 week high of $71.62. The firm has a market cap of $87.36 billion, a P/E ratio of 19.70 and a beta of 1.31. The recent change has given its price a 3.8% lead over SMA 50 and -18.09% deficit over its 52-week high. QUALCOMM also was the target of some unusual options trading on Monday. Stock traders acquired 51,480 call options on the stock. This is an increase of 233% compared to the average daily volume of 813 put options. The wireless technology company reported $1.34 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.05 by $0.29. The Return on Equity (ROE) and Return on Investment values are 14.3 percent and 11.9 percent respectively. The business had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.86 billion. Its up 722.93% from 64,100 shares previously.

Over the last 5 years, QUALCOMM Incorporated has averaged a 7.10% YoY EPS growth rate and a 9.50% revenue growth rate. For now, QUALCOMM Incorporated is the toast of Wall Street as its ABR stands at 2.40 with 7 out of 31 analysts rating the stock a buy.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 21st. (NASDAQ:QCOM). Aspiriant Ltd Liability Com holds 0.4% or 68,571 shares in its portfolio. This represents a $2.28 annualized dividend and a dividend yield of 3.85%. QUALCOMM's dividend payout ratio is now 64.63%.

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COPYRIGHT VIOLATION NOTICE: "QUALCOMM, Inc". Vetr cut QUALCOMM from a "strong-buy" rating to a "buy" rating and set a $74.42 price target on the a report on Tuesday, January 17th. A 11 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of BX or, if they already own its stock, sell it. The correct version of this story can be read at Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Finally, Stifel Nicolaus reduced their price target on shares of QUALCOMM from $80.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, January 26th.

While looking at the Stock's Performance, QUALCOMM Incorporated now shows a Weekly Performance of 4.25%, where Monthly Performance is 9.51%, Quarterly performance is 3.1%, 6 Months performance is -11.52% and yearly performance percentage is 13.21%.

Another critical number in evaluating a stock is P/E or the price to earnings ratio. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

In other news, Director Anthony J. Vinciquerra bought 1,000 shares of the company's stock in a transaction dated Monday, January 30th. The disclosure for this sale can be found here.

Despite the company's ongoing tussle with Apple (AAPL), which has compelled its own contract manufacturers to stop paying royalties owed to Qualcomm, Hall thinks that the "valuation gap is too large" given the NXP deal.