HM Payson & Co. Purchases 162 Shares of QUALCOMM Incorporated (NASDAQ:QCOM)


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HM Payson & Co. increased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,253 shares of the wireless technology company’s stock after buying an additional 162 shares during the quarter. HM Payson & Co.’s holdings in QUALCOMM were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in QCOM. Moser Wealth Advisors LLC lifted its position in QUALCOMM by 223.2% in the fourth quarter. Moser Wealth Advisors LLC now owns 181 shares of the wireless technology company’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Capital Directions Investment Advisors LLC lifted its position in QUALCOMM by 100.0% in the fourth quarter. Capital Directions Investment Advisors LLC now owns 200 shares of the wireless technology company’s stock valued at $30,000 after purchasing an additional 100 shares during the last quarter. RMR Wealth Builders purchased a new position in shares of QUALCOMM during the fourth quarter valued at approximately $30,000. Addison Advisors LLC purchased a new position in shares of QUALCOMM during the fourth quarter valued at approximately $32,000. Finally, ForthRight Wealth Management LLC purchased a new position in shares of QUALCOMM during the fourth quarter valued at approximately $33,000. Institutional investors own 74.76% of the company’s stock.

NASDAQ QCOM opened at $139.43 on Thursday. The stock’s 50-day moving average price is $134.50 and its 200-day moving average price is $140.16. The company has a quick ratio of 1.84, a current ratio of 2.14 and a debt-to-equity ratio of 2.51. QUALCOMM Incorporated has a 52 week low of $70.00 and a 52 week high of $167.94. The company has a market capitalization of $158.39 billion, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 3rd. The wireless technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.10 by $0.07. QUALCOMM had a return on equity of 90.74% and a net margin of 22.09%. The firm had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter last year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 62.2% compared to the same quarter last year. Research analysts anticipate that QUALCOMM Incorporated will post 6.33 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 4th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Wednesday, March 3rd. QUALCOMM’s dividend payout ratio (DPR) is currently 77.84%.

Several equities analysts have recently issued reports on QCOM shares. Morgan Stanley reduced their target price on QUALCOMM from $171.00 to $167.00 and set an “overweight” rating on the stock in a research note on Thursday, February 4th. Canaccord Genuity boosted their target price on QUALCOMM from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, January 5th. Mizuho boosted their target price on QUALCOMM from $163.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, February 4th. Susquehanna boosted their target price on QUALCOMM from $165.00 to $175.00 and gave the company a “positive” rating in a research note on Thursday, February 4th. Finally, Rosenblatt Securities upped their price target on QUALCOMM from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, February 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $160.88.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices, and other connected devices worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).

Further Reading: Example of operating income, EBIT and EBITDA

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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