Today, 105 Shares of Qualcomm Inc. (QCOM) are sold by Univest Corp of Pennsylvania

Today, 105 Shares of Qualcomm Inc. (QCOM) are sold by Univest Corp of Pennsylvania

Univest Corp of Pennsylvania cut its stake in shares of Qualcomm Inc. (NASDAQ:QCOM) by 0.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 53,639 shares of the wireless technology company’s stock after selling 105 shares during the period. Qualcomm accounts for approximately 1.7% of Univest Corp of Pennsylvania’s investment portfolio, making the stock its 19th largest position. Univest Corp of Pennsylvania’s holdings in Qualcomm were worth $3,674,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of QCOM. Sterling Global Strategies LLC boosted its position in shares of Qualcomm by 0.4% in the second quarter. Sterling Global Strategies LLC now owns 3,951 shares of the wireless technology company’s stock worth $211,000 after buying an additional 17 shares during the period. Delphi Private Advisors LLC boosted its position in shares of Qualcomm by 0.4% in the second quarter. Delphi Private Advisors LLC now owns 4,371 shares of the wireless technology company’s stock worth $234,000 after buying an additional 19 shares during the period. Sunbelt Securities Inc. boosted its position in shares of Qualcomm by 1.0% in the second quarter. Sunbelt Securities Inc. now owns 2,468 shares of the wireless technology company’s stock worth $132,000 after buying an additional 24 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Qualcomm by 0.5% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,896 shares of the wireless technology company’s stock worth $262,000 after buying an additional 25 shares during the period. Finally, Greenwich Wealth Management LLC boosted its position in shares of Qualcomm by 0.4% in the second quarter. Greenwich Wealth Management LLC now owns 5,851 shares of the wireless technology company’s stock worth $313,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 77.86% of the company’s stock.

Qualcomm Inc. (NASDAQ:QCOM) traded up 0.23% during trading on Friday, hitting $68.29. The stock had a trading volume of 4,200,136 shares. The stock has a market capitalization of $100.86 billion, a P/E ratio of 17.92 and a beta of 1.36. The company has a 50-day moving average of $67.26 and a 200-day moving average of $60.72. Qualcomm Inc. has a 52 week low of $42.24 and a 52 week high of $71.62.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 2nd. The wireless technology company reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.15. The firm had revenue of $9.17 billion for the quarter, compared to the consensus estimate of $5.84 billion. Qualcomm had a return on equity of 19.31% and a net margin of 24.22%. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up 68.2% on a year-over-year basis. On average, equities analysts expect that Qualcomm Inc. will post $4.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Wednesday, November 30th will be issued a dividend of $0.53 per share. The ex-dividend date is Monday, November 28th. This represents a $2.12 dividend on an annualized basis and a yield of 3.10%. Qualcomm’s dividend payout ratio is presently 55.64%.

QCOM has been the topic of a number of recent analyst reports. Credit Suisse Group AG restated a “buy” rating and set a $70.00 target price on shares of Qualcomm in a report on Wednesday, August 3rd. Canaccord Genuity restated a “buy” rating and set a $70.00 target price on shares of Qualcomm in a report on Monday, August 15th. Vetr raised Qualcomm from a “hold” rating to a “buy” rating and set a $66.21 price target on the stock in a research report on Wednesday, August 31st. Standpoint Research raised Qualcomm from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Thursday, August 25th. Finally, Mizuho raised Qualcomm from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Thursday, September 29th. Seventeen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $66.03.

In related news, President Derek K. Aberle sold 20,874 shares of the business’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $62.81, for a total transaction of $1,311,095.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michelle M. Sterling sold 9,810 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $66.53, for a total value of $652,659.30. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

About Qualcomm

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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