First Trust Advisors LP boosted its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,387,233 shares of the wireless technology company’s stock after purchasing an additional 160,949 shares during the period. QUALCOMM makes up 0.5% of First Trust Advisors LP’s portfolio, making the stock its 25th largest position. First Trust Advisors LP owned 0.23% of QUALCOMM worth $175,594,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Westwood Holdings Group Inc. purchased a new position in shares of QUALCOMM during the second quarter valued at about $114,000. Krilogy Financial LLC increased its position in shares of QUALCOMM by 47.0% during the second quarter. Krilogy Financial LLC now owns 2,331 shares of the wireless technology company’s stock valued at $129,000 after buying an additional 745 shares during the period. Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of QUALCOMM during the second quarter valued at about $141,000. Jacobi Capital Management LLC increased its position in shares of QUALCOMM by 7.8% during the second quarter. Jacobi Capital Management LLC now owns 2,767 shares of the wireless technology company’s stock valued at $154,000 after buying an additional 200 shares during the period. Finally, Penserra Capital Management LLC increased its position in shares of QUALCOMM by 40.7% during the second quarter. Penserra Capital Management LLC now owns 2,912 shares of the wireless technology company’s stock valued at $160,000 after buying an additional 842 shares during the period. 76.20% of the stock is owned by institutional investors and hedge funds.
QCOM has been the topic of several research analyst reports. Vetr upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 price target on the stock in a research report on Monday, November 13th. Stifel Nicolaus restated a “buy” rating on shares of QUALCOMM in a report on Thursday, October 12th. Canaccord Genuity upped their price objective on shares of QUALCOMM from $76.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, November 13th. Citigroup upped their price objective on shares of QUALCOMM from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Finally, Standpoint Research cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. QUALCOMM presently has an average rating of “Hold” and a consensus target price of $66.06.
In other news, EVP Alexander H. Rogers sold 874 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $68.52, for a total value of $59,886.48. Following the completion of the sale, the executive vice president now directly owns 12,035 shares of the company’s stock, valued at $824,638.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michelle M. Sterling sold 7,840 shares of the 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 disclosure for this sale can be found here. Over the last three months, insiders sold 72,989 shares of company stock valued at $4,678,794. Corporate insiders own 0.17% of the company’s stock.
Shares of QUALCOMM, Inc. (NASDAQ:QCOM) traded down $0.05 during mid-day trading on Friday, reaching $65.38. 4,989,716 shares of the company’s stock were exchanged, compared to its average volume of 8,270,000. QUALCOMM, Inc. has a twelve month low of $48.92 and a twelve month high of $69.28. The stock has a market capitalization of $96,380.00, a PE ratio of 39.62, a P/E/G ratio of 1.86 and a beta of 1.39. The company has a current ratio of 4.00, a quick ratio of 3.81 and a debt-to-equity ratio of 0.63.
QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.22. The business had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 earnings per share. sell-side analysts predict that QUALCOMM, Inc. will post 3.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.49%. QUALCOMM’s dividend payout ratio (DPR) is presently 138.18%.
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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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