Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 299,354 shares of the wireless technology company’s stock after selling 18,393 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in QUALCOMM were worth $19,165,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in QCOM. Wrapmanager Inc. acquired a new stake in shares of QUALCOMM in the third quarter valued at about $369,000. Garde Capital Inc. boosted its holdings in QUALCOMM by 77.8% in the third quarter. Garde Capital Inc. now owns 17,252 shares of the wireless technology company’s stock worth $894,000 after acquiring an additional 7,547 shares in the last quarter. Conning Inc. boosted its holdings in QUALCOMM by 16.4% in the third quarter. Conning Inc. now owns 719,378 shares of the wireless technology company’s stock worth $37,293,000 after acquiring an additional 101,483 shares in the last quarter. Stephens Inc. AR boosted its holdings in QUALCOMM by 10.8% in the second quarter. Stephens Inc. AR now owns 115,483 shares of the wireless technology company’s stock worth $6,377,000 after acquiring an additional 11,232 shares in the last quarter. Finally, Ffcm LLC boosted its holdings in QUALCOMM by 44.7% in the third quarter. Ffcm LLC now owns 101,475 shares of the wireless technology company’s stock worth $5,261,000 after acquiring an additional 31,326 shares in the last quarter. Hedge funds and other institutional investors own 78.11% of the company’s stock.
QUALCOMM, Inc. (NASDAQ QCOM) traded up $0.42 during trading hours on Wednesday, hitting $60.12. The stock had a trading volume of 29,754,622 shares, compared to its average volume of 13,325,006. 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 stock has a market cap of $89,000.00, a price-to-earnings ratio of -24.54, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. QUALCOMM, Inc. has a 52-week low of $48.92 and a 52-week high of $69.28.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, January 31st. The wireless technology company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $5.93 billion. During the same quarter in the prior year, the business posted $1.19 EPS. QUALCOMM’s revenue for the quarter was up 1.7% compared to the same quarter last year. research analysts anticipate that QUALCOMM, Inc. will post 2.8 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Tuesday, February 27th. QUALCOMM’s dividend payout ratio (DPR) is presently -93.06%.
A number of research analysts have recently weighed in on QCOM shares. KeyCorp raised their target price on QUALCOMM from $68.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Canaccord Genuity increased their price target on QUALCOMM from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Vetr downgraded QUALCOMM from a “strong-buy” rating to a “buy” rating and set a $76.42 target price for the company. in a research report on Thursday, February 1st. ValuEngine raised QUALCOMM from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub cut QUALCOMM from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. QUALCOMM presently has an average rating of “Hold” and a consensus target price of $68.25.
In related news, EVP Alexander H. Rogers sold 919 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $64.32, for a total value of $59,110.08. Following the completion of the transaction, the executive vice president now owns 11,116 shares of the company’s stock, valued at approximately $714,981.12. The sale was disclosed in a legal filing with the SEC, 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 completion of the transaction, the executive vice president now directly owns 43,000 shares of the company’s stock, valued at approximately $2,810,050. The disclosure for this sale can be found here. Insiders have sold a total of 95,938 shares of company stock valued at $6,137,671 in the last three months. Insiders own 0.24% of the company’s stock.
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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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