Davis R M Inc. trimmed its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 329,187 shares of the wireless technology company’s stock after selling 5,071 shares during the period. Davis R M Inc.’s holdings in QUALCOMM were worth $17,065,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Westwood Holdings Group Inc. bought a new stake in QUALCOMM during the 2nd quarter valued at about $114,000. Krilogy Financial LLC increased its stake in QUALCOMM by 47.0% during the 2nd quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock valued at $129,000 after purchasing an additional 745 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. bought a new stake in QUALCOMM during the 2nd quarter valued at about $141,000. Jacobi Capital Management LLC increased its stake in QUALCOMM by 7.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,767 shares of the wireless technology company’s stock valued at $154,000 after purchasing an additional 200 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in QUALCOMM by 40.7% during the 2nd 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 in the last quarter. 76.20% of the stock is owned by hedge funds and other institutional investors.
In other QUALCOMM news, EVP Michelle M. Sterling sold 7,840 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total transaction of $521,830.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Matthew S. Grob sold 43,000 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $65.35, for a total transaction of $2,810,050.00. Following the sale, the executive vice president now directly owns 43,000 shares of the company’s stock, valued at $2,810,050. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,989 shares of company stock valued at $4,678,794. 0.17% of the stock is owned by insiders.
QUALCOMM, Inc. (QCOM) traded down $0.05 during mid-day trading on Friday, reaching $65.38. 4,989,716 shares of the company’s stock were exchanged, compared to its average volume of 8,270,000. The company has a market capitalization of $96,380.00, a PE ratio of 39.62, a price-to-earnings-growth ratio of 1.86 and a beta of 1.39. QUALCOMM, Inc. has a fifty-two week low of $48.92 and a fifty-two week high of $69.28. 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 (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.22. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. equities research analysts forecast that QUALCOMM, Inc. will post 3.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, February 28th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.49%. QUALCOMM’s dividend payout ratio (DPR) is presently 138.18%.
A number of analysts have recently commented on the stock. Vetr upgraded shares of QUALCOMM from a “buy” rating to a “strong-buy” rating and set a $76.13 price target for the company in a research note on Tuesday, January 2nd. BidaskClub lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. ValuEngine upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Stifel Nicolaus downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating and raised their price objective for the stock from $65.00 to $75.00 in a report on Tuesday, November 28th. Finally, Royal Bank of Canada raised their price objective on shares of QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. QUALCOMM presently has a consensus rating of “Hold” and a consensus target price of $66.06.
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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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