QUALCOMM Incorporated (NASDAQ:QCOM) Shares Acquired by Fulton Bank N.A.


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Fulton Bank N.A. increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,666 shares of the wireless technology company’s stock after purchasing an additional 315 shares during the quarter. Fulton Bank N.A.’s holdings in QUALCOMM were worth $1,282,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealth Alliance lifted its holdings in shares of QUALCOMM by 18.1% during the 3rd quarter. Wealth Alliance now owns 3,752 shares of the wireless technology company’s stock valued at $442,000 after acquiring an additional 576 shares in the last quarter. Polar Capital LLP lifted its stake in shares of QUALCOMM by 51.2% during the third quarter. Polar Capital LLP now owns 1,497,151 shares of the wireless technology company’s stock worth $176,185,000 after purchasing an additional 506,751 shares in the last quarter. Advisory Alpha LLC purchased a new stake in shares of QUALCOMM in the third quarter worth about $70,000. Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of QUALCOMM in the third quarter worth about $216,000. Finally, Financial Advisory Service Inc. acquired a new stake in shares of QUALCOMM in the third quarter valued at about $226,000. Hedge funds and other institutional investors own 74.76% of the company’s stock.

QCOM stock traded up $0.69 on Thursday, reaching $140.12. The company’s stock had a trading volume of 62,312 shares, compared to its average volume of 10,771,538. QUALCOMM Incorporated has a 52 week low of $70.00 and a 52 week high of $167.94. The company has a debt-to-equity ratio of 2.51, a current ratio of 2.14 and a quick ratio of 1.84. The company has a market capitalization of $159.18 billion, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34. The firm has a fifty day moving average of $134.50 and a two-hundred day moving average of $140.16.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 3rd. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $8.24 billion during the quarter, compared to analysts’ expectations of $8.26 billion. The company’s revenue for the quarter was up 62.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 earnings per share. As a group, equities analysts expect that QUALCOMM Incorporated will post 6.33 EPS for the current fiscal year.

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Wednesday, March 3rd. QUALCOMM’s dividend payout ratio is currently 77.84%.

Several analysts have issued reports on QCOM shares. KeyCorp increased their price objective on shares of QUALCOMM from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, January 6th. Susquehanna Bancshares raised their price target on shares of QUALCOMM from $165.00 to $175.00 and gave the company a “positive” rating in a report on Thursday, February 4th. Mizuho boosted their price objective on shares of QUALCOMM from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, February 4th. Morgan Stanley lowered their target price on QUALCOMM from $171.00 to $167.00 and set an “overweight” rating for the company in a research note on Thursday, February 4th. Finally, Raymond James boosted their price target on QUALCOMM from $150.00 to $190.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, January 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. QUALCOMM has an average rating of “Buy” and a consensus target price of $160.88.

About QUALCOMM

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).

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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