NumerixS Investment Technologies Inc lessened its stake in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 93.2% in the fourth quarter, HoldingsChannel reports. The firm owned 5,597 shares of the wireless technology company’s stock after selling 76,323 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in QUALCOMM were worth $318,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of QCOM. Boenning & Scattergood Inc. raised its position in shares of QUALCOMM by 3.1% in the 4th quarter. Boenning & Scattergood Inc. now owns 6,537 shares of the wireless technology company’s stock valued at $372,000 after purchasing an additional 197 shares in the last quarter. Evanson Asset Management LLC increased its holdings in shares of QUALCOMM by 4.9% in the 4th quarter. Evanson Asset Management LLC now owns 4,231 shares of the wireless technology company’s stock valued at $241,000 after acquiring an additional 199 shares during the last quarter. Highland Capital Management LLC increased its holdings in shares of QUALCOMM by 0.4% in the 4th quarter. Highland Capital Management LLC now owns 53,274 shares of the wireless technology company’s stock valued at $3,032,000 after acquiring an additional 200 shares during the last quarter. Baystate Wealth Management LLC increased its holdings in shares of QUALCOMM by 13.8% in the 4th quarter. Baystate Wealth Management LLC now owns 1,811 shares of the wireless technology company’s stock valued at $100,000 after acquiring an additional 219 shares during the last quarter. Finally, Camelot Portfolios LLC increased its holdings in shares of QUALCOMM by 1.9% in the 4th quarter. Camelot Portfolios LLC now owns 11,742 shares of the wireless technology company’s stock valued at $668,000 after acquiring an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded QUALCOMM from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. ValuEngine upgraded QUALCOMM from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Zacks Investment Research downgraded QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Raymond James set a $65.00 price target on QUALCOMM and gave the company a “buy” rating in a report on Saturday, February 2nd. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of QUALCOMM in a report on Thursday, January 31st. Thirteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. QUALCOMM presently has a consensus rating of “Hold” and an average price target of $66.00.
In related news, EVP James H. Thompson sold 40,000 shares of the company’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $50.75, for a total transaction of $2,030,000.00. Following the transaction, the executive vice president now directly owns 62,301 shares of the company’s stock, valued at $3,161,775.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by insiders.
Shares of NASDAQ QCOM opened at $55.40 on Friday. QUALCOMM, Inc. has a 12 month low of $48.56 and a 12 month high of $76.50. The firm has a market cap of $67.05 billion, a PE ratio of 17.37, a P/E/G ratio of 1.73 and a beta of 1.21. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.54 and a quick ratio of 1.38.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.09 by $0.11. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the business posted $0.98 earnings per share. QUALCOMM’s revenue was down 21.3% compared to the same quarter last year. On average, research analysts anticipate that QUALCOMM, Inc. will post 3.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Wednesday, March 6th. QUALCOMM’s payout ratio is 77.74%.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
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