Fulton Breakefield Broenniman LLC Takes $303,000 Position in QUALCOMM Incorporated (NASDAQ:QCOM)


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Fulton Breakefield Broenniman LLC bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) in the 1st quarter, HoldingsChannel.com reports. The firm bought 2,282 shares of the wireless technology company’s stock, valued at approximately $303,000.

Several other institutional investors also recently modified their holdings of QCOM. Norges Bank acquired a new position in shares of QUALCOMM in the 4th quarter valued at $1,638,769,000. BlackRock Inc. boosted its holdings in shares of QUALCOMM by 5.4% in the 4th quarter. BlackRock Inc. now owns 79,999,443 shares of the wireless technology company’s stock valued at $12,187,113,000 after buying an additional 4,097,822 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of QUALCOMM by 31.2% in the 4th quarter. Alliancebernstein L.P. now owns 13,277,733 shares of the wireless technology company’s stock valued at $2,022,730,000 after buying an additional 3,158,229 shares in the last quarter. FMR LLC raised its position in QUALCOMM by 3.4% in the 4th quarter. FMR LLC now owns 56,956,778 shares of the wireless technology company’s stock valued at $8,676,796,000 after purchasing an additional 1,855,061 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in QUALCOMM by 2,766.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,401,954 shares of the wireless technology company’s stock valued at $213,574,000 after purchasing an additional 1,353,044 shares during the last quarter. Institutional investors and hedge funds own 74.76% of the company’s stock.

Several analysts recently commented on QCOM shares. KeyCorp upped their price target 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. JPMorgan Chase & Co. reduced their price target on shares of QUALCOMM from $185.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, March 10th. Rosenblatt Securities upped their price objective on shares of QUALCOMM from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. Susquehanna upped their price objective on shares of QUALCOMM from $165.00 to $175.00 and gave the stock a “positive” rating in a research report on Thursday, February 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of QUALCOMM from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, February 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $160.88.

QCOM stock opened at $140.57 on Monday. QUALCOMM Incorporated has a twelve month low of $71.44 and a twelve month high of $167.94. The company has a current ratio of 2.14, a quick ratio of 1.84 and a debt-to-equity ratio of 2.51. The company has a market capitalization of $159.69 billion, a P/E ratio of 31.03, a PEG ratio of 1.27 and a beta of 1.34. The firm has a 50 day simple moving average of $134.26 and a 200-day simple moving average of $140.45.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 4th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Wednesday, March 3rd. QUALCOMM’s dividend payout ratio is presently 77.84%.

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).

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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