Mawer Investment Management Ltd. Lowers Position in QUALCOMM Incorporated (QCOM)

Mawer Investment Management Ltd. trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 51.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 188,776 shares of the wireless technology company’s stock after selling 197,410 shares during the period. Mawer Investment Management Ltd.’s holdings in QUALCOMM were worth $10,824,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in QCOM. Seizert Capital Partners LLC raised its holdings in QUALCOMM by 4.0% in the 1st quarter. Seizert Capital Partners LLC now owns 701,890 shares of the wireless technology company’s stock worth $40,246,000 after acquiring an additional 27,222 shares during the last quarter. Mayo Investment Advisers LLC purchased a new position in QUALCOMM in the 1st quarter worth approximately $5,335,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in QUALCOMM in the 1st quarter worth approximately $8,480,000. GWM Advisors LLC raised its holdings in QUALCOMM by 25.3% in the 1st quarter. GWM Advisors LLC now owns 21,072 shares of the wireless technology company’s stock worth $1,188,000 after acquiring an additional 4,254 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK raised its holdings in QUALCOMM by 3.0% in the 1st quarter. Aberdeen Asset Management PLC UK now owns 955,342 shares of the wireless technology company’s stock worth $54,779,000 after acquiring an additional 28,141 shares during the last quarter. Hedge funds and other institutional investors own 77.03% of the company’s stock.

In other news, President Derek K. Aberle sold 23,104 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $55.38, for a total value of $1,279,499.52. Following the sale, the president now directly owns 5,855 shares of the company’s stock, valued at approximately $324,249.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michelle M. Sterling sold 4,740 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $51.88, for a total transaction of $245,911.20. The disclosure for this sale can be found here. Insiders have sold 28,995 shares of company stock worth $1,587,390 over the last ninety days. 0.17% of the stock is owned by insiders.

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Shares of QUALCOMM Incorporated (NASDAQ QCOM) traded up 1.38% during mid-day trading on Friday, hitting $52.19. 13,177,887 shares of the stock traded hands. The company has a market cap of $77.04 billion, a P/E ratio of 19.99 and a beta of 1.29. The firm has a 50 day moving average of $52.11 and a 200 day moving average of $55.07. QUALCOMM Incorporated has a 12 month low of $48.92 and a 12 month high of $71.62.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 19th. The wireless technology company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. QUALCOMM had a net margin of 17.26% and a return on equity of 19.64%. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. QUALCOMM’s quarterly revenue was down 11.1% compared to the same quarter last year. Equities analysts anticipate that QUALCOMM Incorporated will post $4.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Wednesday, August 30th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Monday, August 28th. QUALCOMM’s dividend payout ratio (DPR) is presently 87.36%.

QCOM has been the subject of a number of recent analyst reports. Vetr upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $60.45 price objective for the company in a report on Wednesday, June 7th. J P Morgan Chase & Co restated an “overweight” rating on shares of QUALCOMM in a report on Wednesday, September 6th. Zacks Investment Research lowered shares of QUALCOMM from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 20th. BMO Capital Markets restated a “market perform” rating and issued a $54.00 price objective on shares of QUALCOMM in a report on Monday, July 10th. Finally, Deutsche Bank AG started coverage on shares of QUALCOMM in a research report on Monday, June 19th. They issued a “hold” rating and a $62.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $63.96.

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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