Achmea Investment Management B.V. lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 44.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,659 shares of the wireless technology company’s stock after selling 122,884 shares during the period. Achmea Investment Management B.V.’s holdings in QUALCOMM were worth $8,425,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in QCOM. FMR LLC boosted its position in shares of QUALCOMM by 16.5% during the second quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock valued at $4,446,786,000 after buying an additional 11,387,347 shares during the period. Veritas Asset Management LLP purchased a new stake in shares of QUALCOMM in the second quarter valued at approximately $440,415,000. Capital International Investors boosted its holdings in shares of QUALCOMM by 59.9% in the second quarter. Capital International Investors now owns 15,132,794 shares of the wireless technology company’s stock valued at $835,633,000 after purchasing an additional 5,671,176 shares during the period. Baupost Group LLC MA purchased a new stake in shares of QUALCOMM in the first quarter valued at approximately $299,085,000. Finally, Nordea Investment Management AB boosted its holdings in shares of QUALCOMM by 589.4% in the first quarter. Nordea Investment Management AB now owns 5,912,226 shares of the wireless technology company’s stock valued at $339,007,000 after purchasing an additional 5,054,642 shares during the period. Institutional investors and hedge funds own 76.66% of the company’s stock.
A number of analysts recently issued reports on the company. BidaskClub lowered QUALCOMM from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. ValuEngine upgraded QUALCOMM from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Stifel Nicolaus lowered QUALCOMM from a “buy” rating to a “hold” rating and boosted their price target for the company from $65.00 to $75.00 in a report on Tuesday, November 28th. Vetr upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, November 27th. Finally, Royal Bank of Canada boosted their price target on QUALCOMM from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.02.
QUALCOMM Incorporated (QCOM) opened at $64.70 on Friday. The company has a market cap of $95,673.31, a P/E ratio of 17.17, a P/E/G ratio of 1.84 and a beta of 1.39. QUALCOMM Incorporated has a 12 month low of $48.92 and a 12 month high of $69.28. The company has a quick ratio of 3.81, a current ratio of 4.00 and a debt-to-equity ratio of 0.63.
QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.22. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 earnings per share. analysts forecast that QUALCOMM Incorporated will post 3.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Tuesday, November 28th. QUALCOMM’s payout ratio is presently 138.18%.
In other news, EVP Michelle M. Sterling sold 7,840 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $66.56, for a total transaction of $521,830.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $60.44, for a total value of $1,208,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,427 shares of company stock worth $1,827,995. Insiders own 0.17% 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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