Haverford Trust Co. boosted its holdings in QUALCOMM, Inc. (NASDAQ:QCOM) by 14.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,904 shares of the wireless technology company’s stock after buying an additional 1,480 shares during the period. Haverford Trust Co.’s holdings in QUALCOMM were worth $617,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of QCOM. United Asset Strategies Inc. acquired a new position in shares of QUALCOMM in the 2nd quarter valued at about $5,249,000. Conning Inc. lifted its stake in shares of QUALCOMM by 16.4% in the 3rd quarter. Conning Inc. now owns 719,378 shares of the wireless technology company’s stock valued at $37,293,000 after purchasing an additional 101,483 shares in the last quarter. Wrapmanager Inc. acquired a new position in shares of QUALCOMM in the 3rd quarter valued at about $369,000. Stephens Inc. AR lifted its stake in shares of QUALCOMM by 10.8% in the 2nd quarter. Stephens Inc. AR now owns 115,483 shares of the wireless technology company’s stock valued at $6,377,000 after purchasing an additional 11,232 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of QUALCOMM by 3.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,668,570 shares of the wireless technology company’s stock valued at $257,798,000 after purchasing an additional 160,226 shares in the last quarter. 76.23% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Matthew S. Grob sold 43,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $65.35, for a total value of $2,810,050.00. Following the completion of the sale, the executive vice president now directly owns 43,000 shares in the company, valued at approximately $2,810,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matthew S. Grob sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were 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. Insiders have sold a total of 72,989 shares of company stock worth $4,678,794 over the last 90 days. 0.17% of the stock is owned by company insiders.
Shares of QUALCOMM, Inc. (QCOM) opened at $68.04 on Friday. 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, Inc. has a twelve month low of $48.92 and a twelve month high of $69.28. The stock has a market capitalization of $100,290.00, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 1.93 and a beta of 1.39.
QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 1st. The wireless technology company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the previous year, the business earned $1.28 EPS. QUALCOMM’s revenue for the quarter was down 3.5% compared to the same quarter last year. equities analysts anticipate that QUALCOMM, Inc. will post 3.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.28 annualized dividend and a yield of 3.35%. QUALCOMM’s dividend payout ratio is presently 138.18%.
Several research firms have recently weighed in on QCOM. Canaccord Genuity lifted their price objective on QUALCOMM from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday. Macquarie raised their target price on QUALCOMM from $55.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday. Mizuho reiterated a “buy” rating and set a $75.00 target price (up from $65.00) on shares of QUALCOMM in a report on Wednesday. ValuEngine downgraded QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Nomura upgraded QUALCOMM from a “neutral” rating to a “buy” rating and raised their target price for the company from $58.00 to $75.00 in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. QUALCOMM has a consensus rating of “Hold” and an average target price of $67.14.
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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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