Exane Derivatives Acquires 13,587 Shares of QUALCOMM Incorporated (QCOM)

Exane Derivatives raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 1,523.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,479 shares of the wireless technology company’s stock after acquiring an additional 13,587 shares during the period. Exane Derivatives’ holdings in QUALCOMM were worth $750,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in QCOM. Northwestern Mutual Investment Management Company LLC raised its holdings in QUALCOMM by 76.1% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 298,573 shares of the wireless technology company’s stock valued at $17,120,000 after acquiring an additional 128,983 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in QUALCOMM by 11.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 85,014 shares of the wireless technology company’s stock valued at $4,874,000 after acquiring an additional 8,728 shares during the last quarter. Marietta Wealth Management LLC raised its holdings in QUALCOMM by 23.3% in the 1st quarter. Marietta Wealth Management LLC now owns 47,995 shares of the wireless technology company’s stock valued at $2,752,000 after acquiring an additional 9,059 shares during the last quarter. Tiedemann Wealth Management LLC raised its holdings in QUALCOMM by 57.4% in the 1st quarter. Tiedemann Wealth Management LLC now owns 82,787 shares of the wireless technology company’s stock valued at $4,747,000 after acquiring an additional 30,198 shares during the last quarter. Finally, First National Trust Co. raised its holdings in QUALCOMM by 32.7% in the 1st quarter. First National Trust Co. now owns 92,756 shares of the wireless technology company’s stock valued at $5,319,000 after acquiring an additional 22,845 shares during the last quarter. Institutional investors own 76.66% of the company’s stock.

QUALCOMM Incorporated (NASDAQ:QCOM) opened at $64.76 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81. QUALCOMM Incorporated has a 1 year low of $48.92 and a 1 year high of $69.28. The company has a market cap of $95,560.00, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 1.84 and a beta of 1.39.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ 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 last year, the company posted $1.28 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. equities research analysts forecast that QUALCOMM Incorporated will post 3.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 29th were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $2.28 annualized dividend and a yield of 3.52%. QUALCOMM’s dividend payout ratio is presently 138.18%.

In other QUALCOMM news, EVP Michelle M. Sterling sold 7,840 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total value of $521,830.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matthew S. Grob sold 20,000 shares of the firm’s stock in a transaction that occurred on 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. Insiders sold a total of 29,427 shares of company stock valued at $1,827,995 in the last three months. 0.17% of the stock is currently owned by corporate insiders.

QCOM has been the subject of a number of recent research reports. Canaccord Genuity increased their price objective on shares of QUALCOMM from $70.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Mizuho restated a “buy” rating on shares of QUALCOMM in a report on Friday, October 27th. Zacks Investment Research upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating on shares of QUALCOMM in a report on Thursday, October 12th. Finally, UBS cut their price target on shares of QUALCOMM from $58.00 to $53.00 and set a “buy” rating for the company in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have assigned a buy rating to the stock. QUALCOMM presently has a consensus rating of “Hold” and an average target price of $66.02.

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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.

Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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