Norinchukin Bank The grew its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 4.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 185,838 shares of the wireless technology company’s stock after buying an additional 7,300 shares during the period. Norinchukin Bank The’s holdings in QUALCOMM were worth $9,634,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of QUALCOMM by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 103,484,572 shares of the wireless technology company’s stock worth $5,714,418,000 after purchasing an additional 1,537,645 shares during the period. FMR LLC boosted its stake in shares of QUALCOMM by 16.5% during the 2nd quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock worth $4,446,786,000 after purchasing an additional 11,387,347 shares during the period. Northern Trust Corp boosted its stake in shares of QUALCOMM by 2.6% during the 2nd quarter. Northern Trust Corp now owns 19,519,161 shares of the wireless technology company’s stock worth $1,077,848,000 after purchasing an additional 499,531 shares during the period. Capital International Investors boosted its stake in shares of QUALCOMM by 59.9% during the 2nd quarter. Capital International Investors now owns 15,132,794 shares of the wireless technology company’s stock worth $835,633,000 after purchasing an additional 5,671,176 shares during the period. Finally, Veritas Asset Management LLP boosted its stake in shares of QUALCOMM by 68.4% during the 3rd quarter. Veritas Asset Management LLP now owns 13,429,265 shares of the wireless technology company’s stock worth $696,173,000 after purchasing an additional 5,453,631 shares during the period. 76.23% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Michelle M. Sterling sold 7,840 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $66.56, for a total value of $521,830.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Matthew S. Grob sold 20,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $60.44, for a total transaction of $1,208,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,989 shares of company stock valued at $4,678,794. Company insiders own 0.17% of the company’s stock.
Shares of QUALCOMM, Inc. (NASDAQ:QCOM) opened at $68.04 on Friday. The stock has a market cap of $100,290.00, a PE ratio of 41.24, a price-to-earnings-growth ratio of 1.93 and a beta of 1.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81. QUALCOMM, Inc. has a 52-week low of $48.92 and a 52-week high of $69.28.
QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.22. QUALCOMM had a net margin of 11.06% and a return on equity of 18.08%. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the company earned $1.28 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. equities research analysts anticipate that QUALCOMM, Inc. will post 3.07 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 28th will be issued a $0.57 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.28 annualized dividend and a dividend yield of 3.35%. QUALCOMM’s dividend payout ratio is currently 138.18%.
QCOM has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of QUALCOMM from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “buy” rating on shares of QUALCOMM in a research note on Thursday, October 12th. Mizuho reaffirmed a “buy” rating on shares of QUALCOMM in a research note on Friday, October 27th. BMO Capital Markets lifted their price target on shares of QUALCOMM from $55.00 to $57.00 and gave the stock a “market perform” rating in a research note on Thursday, November 2nd. Finally, Canaccord Genuity lifted their price target on shares of QUALCOMM from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $67.14.
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QUALCOMM Company Profile
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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