FMR LLC increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 16.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,528,523 shares of the wireless technology company’s stock after purchasing an additional 11,387,347 shares during the quarter. QUALCOMM makes up approximately 0.6% of FMR LLC’s portfolio, making the stock its 24th largest position. FMR LLC owned about 5.46% of QUALCOMM worth $4,446,786,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of QCOM. Jacobi Capital Management LLC raised its position in shares of QUALCOMM by 10.8% in the first quarter. Jacobi Capital Management LLC now owns 2,567 shares of the wireless technology company’s stock valued at $145,000 after purchasing an additional 250 shares during the period. Alpha Windward LLC raised its position in shares of QUALCOMM by 6.1% in the second quarter. Alpha Windward LLC now owns 2,680 shares of the wireless technology company’s stock valued at $148,000 after purchasing an additional 153 shares during the period. Penserra Capital Management LLC raised its position in shares of QUALCOMM by 40.7% in the second quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock valued at $160,000 after purchasing an additional 842 shares during the period. FNY Partners Fund LP raised its position in shares of QUALCOMM by 102.0% in the second quarter. FNY Partners Fund LP now owns 3,100 shares of the wireless technology company’s stock valued at $171,000 after purchasing an additional 1,565 shares during the period. Finally, American National Bank raised its position in shares of QUALCOMM by 28.7% in the second quarter. American National Bank now owns 3,637 shares of the wireless technology company’s stock valued at $201,000 after purchasing an additional 812 shares during the period. Institutional investors and hedge funds own 76.66% of the company’s stock.
In other news, EVP Michelle M. Sterling sold 7,840 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total value of $521,830.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alexander H. Rogers sold 874 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $68.52, for a total value of $59,886.48. Following the completion of the sale, the executive vice president now directly owns 12,035 shares of the company’s stock, valued at approximately $824,638.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,427 shares of company stock valued at $1,827,995. Insiders own 0.17% of the company’s stock.
A number of brokerages recently issued reports on QCOM. Vetr raised shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, November 27th. Stifel Nicolaus lowered shares of QUALCOMM from a “buy” rating to a “hold” rating and boosted their target price for the stock from $65.00 to $75.00 in a research report on Tuesday, November 28th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of QUALCOMM in a research report on Monday, November 13th. Royal Bank Of Canada boosted their target price on shares of QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Finally, ValuEngine raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $66.02.
QUALCOMM Incorporated (QCOM) traded up $0.25 during midday trading on Thursday, reaching $65.23. The company had a trading volume of 8,754,583 shares, compared to its average volume of 11,392,799. QUALCOMM Incorporated has a twelve month low of $48.92 and a twelve month high of $70.24. The company has a current ratio of 4.00, a quick ratio of 3.81 and a debt-to-equity ratio of 0.63. The company has a market cap of $96,030.00, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.81 and a beta of 1.39.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the firm posted $1.28 EPS. The business’s revenue was down 3.5% on a year-over-year basis. analysts anticipate that QUALCOMM Incorporated will post 3.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Tuesday, November 28th. QUALCOMM’s dividend payout ratio (DPR) is currently 138.18%.
ILLEGAL ACTIVITY NOTICE: “Fmr LLC Increases Holdings in QUALCOMM Incorporated (NASDAQ:QCOM)” was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.thelincolnianonline.com/2017/12/07/fmr-llc-has-4-45-billion-position-in-qualcomm-incorporated-qcom-updated-updated.html.
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.
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.