NEXT Financial Group Inc lessened its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 65.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,017 shares of the wireless technology company’s stock after selling 9,340 shares during the quarter. NEXT Financial Group Inc’s holdings in QUALCOMM were worth $321,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. E&G Advisors LP acquired a new position in QUALCOMM during the 4th quarter worth $215,000. Burke & Herbert Bank & Trust Co. grew its stake in QUALCOMM by 7.2% during the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 11,458 shares of the wireless technology company’s stock worth $734,000 after purchasing an additional 774 shares in the last quarter. Bank of Montreal Can grew its stake in QUALCOMM by 44.0% during the 4th quarter. Bank of Montreal Can now owns 2,815,179 shares of the wireless technology company’s stock worth $180,229,000 after purchasing an additional 860,836 shares in the last quarter. Greylin Investment Mangement Inc. grew its stake in QUALCOMM by 1.7% during the 4th quarter. Greylin Investment Mangement Inc. now owns 158,050 shares of the wireless technology company’s stock worth $10,118,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Factory Mutual Insurance Co. grew its stake in QUALCOMM by 3.5% during the 4th quarter. Factory Mutual Insurance Co. now owns 1,165,200 shares of the wireless technology company’s stock worth $74,596,000 after purchasing an additional 39,000 shares in the last quarter. Hedge funds and other institutional investors own 75.68% of the company’s stock.
Shares of QUALCOMM, Inc. (QCOM) opened at $66.59 on Thursday. 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 0.81, a current ratio of 3.41 and a quick ratio of 3.25. The firm has a market capitalization of $98,580.00, a PE ratio of -23.53, a PEG ratio of 2.04 and a beta of 1.38.
QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.07. QUALCOMM had a positive return on equity of 18.10% and a negative net margin of 18.65%. The business had revenue of $6.10 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same period in the previous year, the business earned $1.19 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. analysts anticipate that QUALCOMM, Inc. will post 2.8 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Tuesday, February 27th. QUALCOMM’s payout ratio is currently -80.57%.
Several research analysts recently commented on QCOM shares. Canaccord Genuity boosted their target price on QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. Royal Bank of Canada boosted their target price on QUALCOMM from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Vetr cut QUALCOMM from a “strong-buy” rating to a “hold” rating and set a $62.71 target price for the company. in a research note on Monday, November 6th. ValuEngine cut QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Nomura raised QUALCOMM from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $75.00 in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $68.25.
In other news, EVP Alexander H. Rogers sold 713 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $68.20, for a total value of $48,626.60. Following the completion of the sale, the executive vice president now directly owns 10,403 shares of the company’s stock, valued at approximately $709,484.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alexander H. Rogers sold 874 shares of the business’s stock in a transaction dated 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 $824,638.20. The disclosure for this sale can be found here. Insiders sold a total of 53,346 shares of company stock valued at $3,499,504 over the last three months. Company insiders own 0.24% of the company’s stock.
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QUALCOMM Company 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.
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